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Putin Family Split Offers Peek at Secret Dealings of Russia Inc.

Bloomberg business news
How Putin Became the Symbol of Russian Power

During his courtship and marriage, Kirill Shamalov catapulted into the ranks of the super-rich with a little help from some of the closest allies of his father-in-law: Russian President Vladimir Putin.

But now Shamalov’s matrimonial alliance with Putin’s youngest daughter, Katerina Tikhonova, is over, four people familiar with the matter said on condition of anonymity. The son of an old Putin pal is back working as a senior executive for the same petrochemical giant, Sibur, where his rise and fall as a multibillion-dollar owner coincided with his stint in Russia’s First Family.