Pursuits

Sanctioned Tycoon Mordashov Has Careful Plans Ripped Apart

  • Oligarch shifts control of $1.1 billion Nordgold stake to wife
  • He resigns from boards of the mining company, travel firm TUI
Russian Oligarchs Start Feeling Impact of Sanctions
Lock
This article is for subscribers only.

Alexey Mordashov spent years meticulously mapping the handover of his multibillion dollar empire to his children.

In the span of a bloody week, those plans have gone out the window.