Streetwise Professor

June 4, 2011

And Just Think of How Judo Can Make Your Chances of Becoming “Filthy Rich” Even Better!

Filed under: Economics,Politics,Russia — The Professor @ 1:18 am

I received this email from bneChart that deserves to be quoted in full:

Who wants to be a  billionaire?
May 30, 2011

Russia may not be the richest large economy or the fastest growing large economy or Europe’s largest economy or even the economy which hosts the world’s financial centre, but if you want to become filthy rich it is pretty clearly the best place to be in the world. You have more chance of becoming a billionaire in Russia than in any other major economy on earth.

The rate of return on investment in Russia is amongst the highest in the world – for the well connected or the aggressive risk-taker that is. It has been the large economy in which the chance of becoming a billionaire has been the highest over the last 15 years.

“After all there certainly weren’t any billionaires in Russia in 1991 when the Soviet Union was dissolved, and probably none until 1994, when the first businessmen began to secure control over privatized property, but since then Russia has been churning out billionaires by the dozen every year. Today there are 101 according to Forbes and no sign of the number slowing down anytime soon,” says Jacob Nell, an analyst with Morgan Stanley in Moscow that put the table together.

Between 2004 and 2011 Russia produced one billionaire for every 1.87m people, compared to America, the next best place to be, where one billionaire was created for every 2.29m people or in the UK with one for every 4.13m people.

China, the darling of the emerging markets doesn’t do half as well, producing one billionaire for every 11.76m people in the last 15 years while in Germany the man in the street had no chance of becoming a billionaire at all as the overall number of billionaires remained stuck at 52 people since 2004.

The “well-connected or the aggressive risk taker”: I’ll bet. ¬†With the emphasis on the “well-connected.” And taking up judo can’t hurt!

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  1. Aggressive risk taker-yeah as in providing your ex Spetznatz Board of Directors with Krinkovs and planning drive by’s in the annual shareholders meeting.

    Comment by pahoben — June 6, 2011 @ 2:49 pm

  2. This seems to shed light on Vladimir Putin’s strategy of governance. If he kills off enough ordinary people fast enough (fires, road fatalities, alcohol, terrorism, war, etc.) then Russia’s billionaire creation rate will surely leave the rest of the world in its dust. And if Putin himself is the wealthiest billionaire, then Putin wins big time.

    Comment by La Russophobe — June 7, 2011 @ 4:46 pm

  3. You know the company owner is a seriously aggressive businessman when you are issued brass knuckles and a short lead-weighted club during new employee orientation.

    Comment by pahoben — June 9, 2011 @ 9:14 am

  4. …when the largest section of the Employee Safety Manual is entitled-“Car Bombs-Safe Handling Procedures”

    Comment by pahoben — June 9, 2011 @ 9:52 am

  5. … the Corporate Incident “SWAT Team” is a real honest to God SWAT Team.

    Comment by pahoben — June 9, 2011 @ 11:11 am

  6. …when the motto of the PR Department is-Beat Bad Publicity to Death (but make it look like suicide)

    Comment by pahoben — June 9, 2011 @ 11:21 am

  7. @pahoben. . . keep it coming! Very entertaining.

    The ProfessorComment by The Professor — June 9, 2011 @ 2:26 pm

  8. this could be interesting about making money in russia

    Comment by Irina — June 11, 2011 @ 9:04 am

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