Factbox-Seized or sailing away: What we know about oligarchs and their assets

[Sherman A1]

April 5, 2022 - 13:37
(Reuters) - The latest on Russia's oligarchs and their assets:

ALISHER USMANOV

Alisher Usmanov, 68, a metals and telecoms tycoon with an estimated $16.2 billion net worth, has been sanctioned by the United States and European Union.

Seized:

- A villa in Golfo del Pevero, on the island of Sardinia, worth approximately $19 million, was seized by Italian authorities.

Suspended:

- The $600 million Dilbar superyacht is sitting in a Hamburg shipyard with authorities saying they have no plans to deliver it to the owner.

- Everton F.C., a football club in England's Premier League, suspended its $15 million plus naming rights deal with Usmanov's holding company USM.

https://www.swissinfo.ch/eng/factbox-seized-or-sailing-away--what-we-know-about-oligarchs-and-their-assets/47493020

[HUAJIAO]

1. What do people DO with that much $$, anyway?

I mean, one can't possibly spend it on living expenses..... can one?