Russian riches

The aristocracy is dead long live the oligarchy.

Russia’s top ten billionaires are all self-made businessmen who made their fortunes in the heady and sometimes chaotic business world that followed the collapse of the Soviet Union in 1991. Many state enterprises were privatized at that time and Russia was ripe for entrepreneurs snapping up formerly state-owned assets in metals, mining and the financial sector.

There are more opportunities for the youth, but the same time, the pension is worth little and older Russians are really struggling.