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Six Kids, $17 Billion and Plans to Keep Russia Wealth Stable

Alexey Mordashov is developing an inheritance strategy
Vladimir Potanin doesn’t want to ‘ruin’ kids’ lives with money

Alexey Mordashov — Alexey MordashovPhotographer: Chris Ratcliffe/Bloomberg

By

Yuliya Fedorinova and

Alexander Sazonov

March 3, 2020, 7:00 AM UTCUpdated onMarch 3, 2020, 9:08 AM UTC

Alexey Mordashov has faced plenty of challenges building an empire spanning gold, power, steel and tourism.

Now he has to work out how to pass a $17 billion fortune to his children in a country with no precedent for wealth transfer on this scale, and without destabilizing the massive business.