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Akhmetov's fortune could keep Ukraine functioning 36 days, - Bloomberg

For the end of 2017, his capital was 4.7 billion dollars
17:00, 12 February 2018

Open source

The fortune of the Ukrainian oligarch Rinat Akhmetov will be enough for Ukraine to keep functioning for 36 days. This was stated by Bloomberg agency.

“We took 49 countries with various political regimes and expenditure types and the richest individuals of each of these nations. We then compared their net worth as of end-December 2017 to the daily cost of running each government,” the agency said.

Bloomberg

The index compares the net worth of each country’s wealthiest person to his/her government’s spending. If, hypothetically, each government were to run out of resources imminently and the assets of the richest citizen were liquidated and donated to the government, the index estimates how long can this “funding” prevent the respective government from shutting down offices and agencies.

Ukraine's Rinat Akhmetov could the government running for 36 days.

Cyprus’s richest man, John Fredriksen, could keep his government running for 441 days.

In comparison, the most expensive governments to run are Japan, Poland, the U.S. and China, where Jack Ma, the world’s 16th richest person with $47.8 billion, could save the Communist Party for four days.

Related: Court of Amsterdam freezes assets of Akhmetov

Earlier it was reported that the Cyprus District Court had frozen Akhmetov's assets worth $ 820 million during the case of Ukrtelecom. Among the frozen assets is the London apartment of Akhmetov, which at the time of purchase was the most expensive private residence in the UK.

According to the court's order, Mr. Akhmetov and other respondents can freely dispose of their property as long as the assets remain at a level of at least $ 820.5 million (that is, the amount required by Raga in the proceedings).

As you know, in early 2011, the State Property Fund sold Ukrtelecom for 10.575 billion UAH to ESU, the Ukrainian subsidiary of the Austrian EPIC, which in turn belonged to five individuals - residents of Austria. Two years later, on June 3, 2013, SCM group of Rinat Akhmetov bought a company that owns the shares of Ukrtelecom.

Related: Akhmetov's company to appeal against court decision to "freeze" 820 million dollars

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