The Sarkisov family among Russia's richest business dynasties
30.08.2017,
14:03
The Russian-language edition of Forbes said the collective wealth of the ten richest families in Russia increased by $2 billion to $27 billion over the past year.
YEREVAN, August 30. /ARKA/. The Russian-language edition of Forbes said the collective wealth of the ten richest families in Russia increased by $2 billion to $27 billion over the past year.
Forbes says Sergey Sarkisov during the Soviet era worked as head of Ingosstrakh insurance organization in Cuba. In 1991 he founded the Russian-European Insurance Company (RESO-Garantiya). His younger brother Nikolai joined the company four years later. In a few years, the brothers took hold of the controlling stake in RESO-Garantiya and today Sergey and Nikolay Sarkisov own about 60% of its shares, another 36.7% is owned by the French insurance and investment group AXA.
The Sarkisovs own 50% of the RESO Credit bank, the main bank of the group with a capital of $38 million. Most of their current wealth is in overseas property: 115 hectares of land in Monaco, three houses in Los Angeles, the building of the Commercial and Industrial Chambers in Paris, a mansion in London, a castle and other real estate in France, a business center, three penthouses and land in Vilnius, Lithuania.
Forbes compiled its first rating of Russia’s richest families in 2014. At that time, almost in all families, business was divided between its founders. None of their children owned significant shares in the family businesses. Since then, the situation has changed - the owners of large businesses began to share assets with relatives. In the new ranking in seven out of ten families, a portion of the wealth is owned by children or nephews. The richest business dynasty is the Gutseriyev family who own a combined wealth of $9.91 billion. -0-
Forbes says Sergey Sarkisov during the Soviet era worked as head of Ingosstrakh insurance organization in Cuba. In 1991 he founded the Russian-European Insurance Company (RESO-Garantiya). His younger brother Nikolai joined the company four years later. In a few years, the brothers took hold of the controlling stake in RESO-Garantiya and today Sergey and Nikolay Sarkisov own about 60% of its shares, another 36.7% is owned by the French insurance and investment group AXA.
The Sarkisovs own 50% of the RESO Credit bank, the main bank of the group with a capital of $38 million. Most of their current wealth is in overseas property: 115 hectares of land in Monaco, three houses in Los Angeles, the building of the Commercial and Industrial Chambers in Paris, a mansion in London, a castle and other real estate in France, a business center, three penthouses and land in Vilnius, Lithuania.
Forbes compiled its first rating of Russia’s richest families in 2014. At that time, almost in all families, business was divided between its founders. None of their children owned significant shares in the family businesses. Since then, the situation has changed - the owners of large businesses began to share assets with relatives. In the new ranking in seven out of ten families, a portion of the wealth is owned by children or nephews. The richest business dynasty is the Gutseriyev family who own a combined wealth of $9.91 billion. -0-
