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Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Wednesday, January 8, 2014

Russian Tycoon Unsure of Assets

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Before being sent to prison ten years ago, Mikhail B. Khodorkovsky was Russia’s richest man worth an estimated $15 billion.  Now that he’s been set free, Khodorkovsky can only guess what his financial situation currently is.

As his Yukos oil company was being dismantled, Khodorkovsky’s lawyers did such a good job hiding his billions in offshore vehicles, mostly in the Netherlands, it’s not clear how much he will be able to recover.  However, Khodorkovsky says the tens of millions he has in other investments will ensure he has “enough money to make a living.”

See Andrew E. Kramer, Russian Tycoon Is Free, But His Money Is Still Tied Up, The New York Times, Dec. 30, 2013.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/01/russian-tycoon-unsure-of-assets.html

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