Mikhail Khodorkovsky Net Worth
Mikhail Khodorkovsky net worth: Mikhail Khodorkovsky is a Russian businessman and philanthropist who has a net worth of $100 million dollars. Mikhail Khodorkovsky was born in Moscow, Russian SFSR, Soviet Union, on June 26, 1963, He went on to graduate from Mendeleev Moscow Institute of Chemistry and Technology, where he was the head of the Communist Youth League.
Using his connections within the Communist Youth League, Mikhail took advantage of the shift to free market business structures by opening his own business in the mid-80s. He later expanded his business, a café, to become the "Center for Scientific and Technical Creativity of the Youth."
He used the company to buy and resell computers, among other items. From there, he went on to found Bank Menatap in 1989. The private bank quickly became very successful. He became Chairman of the Investment Promotion Fund in 1992, and Deputy Minister of Fuel and Energy of Russia the following year.
In the mid-1990s, Mikhail used Bank Menatap to acquire some of the most valuable Siberian oil fields, consolidated under the name Yukos. Between 1996 and 2003 Yukos grew into one of Russia's most-successful companies, generating around 20% of the country's total oil output.
Mikhail Khodorkovsky was arrested in October of 2003 on charges of fraud and tax evasion. At the time, Mikhail was the richest person in Russia and the 16th-richest person in the world, with a personal net worth of $15 billion.
Soon after his arrest, Vladimir Putin ordered that shares of his company Yukus be frozen on Russian stock exchanges. In May 2005, he was found guilty and sentenced to 9 years in prison. He was then further charged with money laundering and embezzlement. Mikhail Khodorkovsky was pardoned by Putin in December 2013 after spending more than 10 years in a Siberian jail. Upon his release, Mikhail was asked about the status of his former wealth, to which he responded "I have no idea about my financial situation".
Yukos, which was at one time one of the largest oil companies in the world, is bankrupt. Assets were seized and sold.
|Net Worth:||$100 Million|
|Date of Birth:||Jun 26, 1963 (57 years old)|
|Profession:||Businessperson, Political activist|