Second Richest Man in Russia Inspires His Children By Leaving Them Out Of His Will

Russia’s second most affluent man, Mikhail Fridman told the media last week that he plans to leave his children out of his fortune.

Mikhail Fridman

He said instead of leaving his wealth to his children, everything will go to charity. He made this public knowledge before the Forbes Club in Lviv, Ukraine, last week.

It appears that the world’s self made billionaires are the richest in the world. One other striking thing about these wealthy men is their large contributions to charity.

However, a couple or rather a growing number of them are currently toeing the line of giving every single dime they’ve ever worked for to charity. Russia’s 2nd richest man, Mikhail Maratovich Fridman adds to this list.

Recently, the 52-year old tycoon says he has no intention of making his children a part of his fortune. In other words, every thing goes to charity. The wealthy investor and businessman says this will inspire his children to live like he did. Thus, will make them create their own wealth instead of depending on his.


“I’m not a big fan of this kind of public announcement. But I can say that I am going to leave all my money to charity. I don’t plan to leave any money to my children.”

Besides the fact that Mikhail Fridman seemed to have given this a deep and long thought, he says that the idea of leaving billions of dollars for his very young children will ruin their lives.

Fridman is a father of 4; with the youngest at 10 and the oldest at 22. He also shared his concern about his billionaire status making his 22-year old daughter a “target for bad people”.

At a $14.2 billion net worth, Mikhail Fridman is the 63rd richest person in the world. He went up 5 places from the 68th position last year. The UK-based Russian deals on oil, banking services and telecoms. He graduated from Moscow Institute of Steel and Alloys.

With his long time buddies, German Khan and Alexei Kuzmichev, he founded the Alfa group in 1989. Alfa Bank is the biggest private bank in Russia at the moment. Mikhail Fridman most recently invested $200 million in transport-hailing service Uber in February 2016.

According to Fridman, his 2 friends who are still his business partners share his sentiments in donating their wealth to charity.


Written by PH

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