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Private Wealth-National Vision: The Memoirs of a New Russian Entrepreneur Paperback – December 1, 2000

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About the Author

Aleksandr Panikin was born in Krasnodar, USSR, in 1950. He is currently the director of Paninter and resides in Moscow, Russia.

Product Details

  • Paperback: 89 pages
  • Publisher: Slavic Cultural Central Press (December 1, 2000)
  • ISBN-10: 0967839327
  • ISBN-13: 978-0967839325
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #10,070,456 in Books (See Top 100 in Books)

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More than 136 000 Russians are dollar millionaires and the number just keeps growing. The number of rich Russians grew with 14 percent last year and today half of Europe's millionaires are Russian citizens.

According to RussiaToday, the growth rate of Russian millionaires is twice the rate of the global average. It is the financial group Merrill Lynch which has developed the numbers. The Russian growth is fuelled by increased market capitalisation, rising direct foreign investment, strong consumer demand and soaring energy prices.

However, the wealth seems to be controlled by a very little part of the Russian population. Alexander Kochubey from Renaissance Capital has estimated that less than one percent of the population controls over 80 percent of all values in the country. In spite of the rapid growth, Russia is far from the fastes growing economy in the world. Growth in India and China remains higher.
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I love the plot, but it is written by a normal person not a writer. So there are obvious gaps in the plotline. Additionally the translation has points where it obviously falls apart due to poor translation. Nevertheless I will never sell my copy, even if it is signed by the translator.
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