It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Dr Expired
Excuse my lack of deep knowledge of Soviet?Ruasian history, but I find it strange how Jews such as Roman Ibrohamivich are now billionares , presumably by inheriting wealth from former Soviet oil interests.
How does one man become a multi billionare when the former soviet system was supposedly anti Jewish and anti-capatlistic?
How does a Russian Jew such as Roman become a mega billioarre?
A 2,000-ruble wedding present from Olga's parents (about £1,000 or US$2,000 at that time) was invested by Abramovich in smuggling of black market goods or contraband to sell in Moscow in or around December 1987. Abramovich soon doubled, then tripled, the investment, his confidence growing with each success in this smuggling business. Soon he progressed to making plastic toys (including plastic sailors) and started up an automobile parts cooperative. He attended the Gubkin Institute of Oil and Gas in Moscow (where he sold retreaded car tires as a sideline), then traded commodities for Runicom, a Swiss trading company.
In 1988, as Perestroika opened up opportunities for entrepreneurs in the Soviet Union, Abramovich got a chance to legitimize his underworld business. He and Olga set up a company making dolls. "It brought success almost immediately," says Olga. Due to his business acumen, within a few years his wealth spread from oil conglomerates to pig farms and he also started investing in other businesses. Abramovich set up and liquidated at least 20 companies during the early 1990s, in sectors as diverse as tire retreading and bodyguard recruitment.
From 1992 to 1995, Abramovich founded five companies that conducted resale, produced consumer goods, and acted as intermediaries, eventually specializing in the trading of oil and oil products. However, in 1992, he was arrested and sent to prison in a case of theft of government property: AVEKS-Komi sent a train containing 55 cisterns of diesel fuel, worth 3.8 million roubles, from the Ukhta Oil Refinery; Abramovich met the train in Moscow and resent the shipment to the Kaliningrad military base under a fake agreement, but the fuel arrived in Riga. Abramovich co-operated with the investigation, and the case was closed after the oil production factory was compensated by the diesel's buyer, the Latvian-US company, Chikora International.
Originally posted by amongus