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 MordashovPhotographer: Chris Ratcliffe/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Yuliya Fedorinova and Alexander Sazonov

March 3, 2020 at 7:00 AM UTC

Updated on

March 3, 2020 at 9:08 AM UTC

This article is for subscribers only.

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.