Ex-Russian Billionaire Polonsky Quits Business After Bankruptcy
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Sergei Polonsky, ranked Russia’s 40th richest man with a fortune of $4.35 billion by Forbes magazine in 2008, said he’s quitting business after his property developer went bankrupt.
Polonsky’s Mirax Group, which started building what was planned to be Europe’s tallest skyscraper before the global financial crisis in 2008, was dissolved by its board of directors yesterday, the company said on its website.