HomeNewsWorldBillionaire investor Yuri Milner relinquishes Russian citizenship

Billionaire investor Yuri Milner relinquishes Russian citizenship

Yuri Milner is the founder of internet investment firm DST Global, and made a fortune by betting on Chinese tech companies like e-commerce platforms Alibaba and JD.com.

October 11, 2022 / 11:04 IST

Israeli-Russian billionaire Yuri Milner said on Monday he has renounced his Russian citizenship after leaving the country in 2014.

Milner is the founder of internet investment firm DST Global, and made a fortune by betting on Chinese tech companies like e-commerce platforms Alibaba and JD.com.

"My family and I left Russia for good in 2014, after the Russian annexation of Crimea," Milner said in a tweet. "And this summer, we officially completed the process of renouncing our Russian citizenship."

Milner has been an Israeli citizen since 1999 and has not visited Russia since 2014, according to a fact sheet on DST Global's website.

Milner also has no assets in Russia, 97% of his personal wealth was created outside of the country and "Yuri has never met Vladimir Putin, either individually or in a group," according to the website.

Reuters
first published: Oct 11, 2022 11:04 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347