Siberian Becomes Billionaire as Russians Reach for Cheap Snacks
- Denis Shtengelov’s fortune hits $1 billion with surge in sales
- Russians switched from chocolate to biscuits under sanctions
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Denis Shtengelov knows Russians like their junk food, especially when the economy is in the dumps.
Setting out to give the country’s 147 million citizens a fix for every sweet and savory snack craving -- typically for less than $1 -- has turned him into Russia’s newest billionaire.