Moscow confirmed billionaire hot spot

Friday 1st March, 2013

Russian economy The Russian capital has more billionaires than any other city in the world, according to a new survey from China. The study by the Hurun Research Institute says there are over 4000 people who have more than $1 billion on their bank account, and 76 of them reside in Moscow. Russia has 88 billionaires with a combined wealth of $368bn, and it seems to support the old proverb that “all the money goes to Moscow”. The wealthiest Muscovite is mining tycoon and Arsenal football club co-owner, Alisher Usmanov, whose fortune is estimated at $19 billion. The Chinese researcher…

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