Monday 10 February 2014

Kremlin-Linked Billionaire Rotenberg Creates Realty Developer | Business | RIA Novosti

Kremlin-Linked Billionaire Rotenberg Creates Realty Developer | Business | RIA Novosti:



"MOSCOW, February 10 (RIA Novosti) - A Russian billionaire known to be close to President Vladimir Putin has set up a new property development company, the businessman's representative said in a statement Monday.



Arkady Rotenberg, a childhood friend and former judo partner of Putin's, will operate in real estate construction through his new RG Development company, the statement said.



The company will focus mainly on projects in Moscow and the surrounding region, from investment, engineering and building to management of completed property.



Rotenberg's fortune was estimated by Forbes magazine at $3.3 billion last year, ranking him 31st among the richest Russians."



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