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March 28, 2013

First-generation wealth still dominates fortunes in emerging markets, meaning that companies started by entrepreneurs in these regions haven’t yet established recognisable global brands.

First-generation wealth still dominates fortunes in emerging markets, meaning that companies started by entrepreneurs in these regions haven’t yet established recognisable global brands.

These are among the main findings of a new study by Forbes Insights and Societe Generale Private Banking, which found the majority – 78% – of emerging-market fortunes were first-generation and came from entrepreneurial ventures. Only 20% of those surveyed had inherited their wealth.

September 19, 2012

Russian entrepreneurs show little desire to pass their companies onto their children, as concern about the business environment in the country means most are focused on short-term goals, rather than long-term ones.

Russian entrepreneurs show little desire to pass their companies onto their children, as concern about the business environment in the country means most are focused on short-term goals, rather than long-term ones.

This was the main finding of the third Campden/UBS Russia’s Wealth Creators research, which spoke to a wide variety of entrepreneurs across the world’s largest country.

February 17, 2011

For the first time in over 10 years, Russian oligarch Roman Abramovich has released details of his assets, which are worth an estimated £11 billion

For the first time in over 10 years, Russian oligarch Roman Abramovich has released details of his assets, which are worth an estimated £11 billion.

February 14, 2011

Russia’s tycoons have come back remarkably in 2010 as the country has set a new record for its number of billionaires. According to Finans magazine, Russia has 114 dollar billionaires, compared with less than 50 at the end of 2008, when the credit crisis saw the fortunes of the country’s billionaires drastically drop.

Russia’s tycoons have come back remarkably in 2010 as the country has set a new record for its number of billionaires. According to Finans magazine, Russia has 114 dollar billionaires, compared with less than 50 at the end of 2008 when the credit crisis saw the fortunes of the country’s billionaires drastically drop.

According to the top 500 rich list compiled by Russian magazine Finans', everyone on the list is worth at least $160 million, with the top 10 wealthiest Russians together worth $182 billion, up by 30% from $139 billion in 2009.

February 11, 2011

Jean Paul Getty III, grandson of possibly the world’s first billionaire, oil tycoon Jean Paul Getty, has died aged 54.

Jean Paul Getty III, grandson of possibly the world's first billionaire, oil tycoon Jean Paul Getty, has died aged 54.

Beyond his famous surname, Paul Getty III is best known for being kidnapped in Rome at the age of 16 and held captive for five months before his grandfather, decided to pay the ransom.

January 14, 2011

Ikea, the Swedish retailing giant owned by the Kamprad family, announced on 14 January that its net profit for 2010 had increased by 6.1% year-on-year, but said it plans to expand cautiously in 2011.

Ikea, the Swedish retailing giant owned by the Kamprad family, announced on 14 January that its net profit for 2010 had increased by 6.1% year-on-year, but said it plans to expand cautiously in 2011.

December 14, 2010

Walmart, the retailing giant controlled by the Walton family, announced 13 December that it plans to close its Moscow office, which was set up last year as part of Walmart's plans to expand in Russia.

Walmart, the retailing giant controlled by the Walton family, announced 13 December that it plans to close its Moscow office, which was set up last year as part of Walmart's plans to expand in Russia.

The company said it had hoped to enter the Russian market via acquisitions, but that it had found no partners with which to pursue this aim.

May 26, 2010

The image of Russian entrepreneurs in the popular press may be of rapacious capitalists with a penchant for huge yachts and modern art, but the reality is somewhat more complex according to a new report by UBS/Campden Research, writes Marc Smith.

The image of Russian entrepreneurs in the popular press may be of rapacious capitalists with a penchant for huge yachts and modern art, but the reality is somewhat more complex according to a new report by UBS/Campden Research, writes Marc Smith.

May 26, 2010

A new report released today by UBS and Campden Research reveals exclusive, in-depth insights into the views of Russia’s leading entrepreneurs about the critical issues that they, their businesses and their families will face in the next five years.

A new report released today by UBS and Campden Research reveals exclusive, in-depth insights into the views of Russia's leading entrepreneurs about the critical issues that they, their businesses and their families will face in the next five years.
 

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