Monday, February 24, 2014

Moscow or Bust!

It is commonly accepted that, when in search of gold, one should make the arduous journey deep into the heart of metal-laden California…
The truth is that professional gold-diggers should be making the hike to Russia.
Russia, particularly Moscow, is reputed for having more billionaires per capita than any other city in the world. According to Forbes, the infamous capital is home to a record seventy-nine of the exceptionally wealthy individuals (a number that increased by twenty one during the 2010-2011 year).
New York reportedly comes in second, claiming fifty-nine billionaires, with London claiming third at forty-one.
How did the lucky Muscovites collect their vast fortunes?
Evidently, by hording the natural resources.
Three of the wealthiest individuals on the list preside over the majority of Russia’s steel and oil.
Were the billionaires in Moscow ever to combine their amassed wealth, it would total over $375 billion. Not enough to get the US out of debt, but still a pretty sum…
Seems like it pays to be Russian.

Check out what Forbes has to say:

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