More than 5,000 SPVs are said to have been set up in Abu Dhabi including by CZ, Lisin and Dalio. For decades, many of the world’s richest people chose to safeguard their assets in overseas locales ranging from the Cayman Islands to Switzerland and the British Virgin Islands. But a new wealth hub is becoming wildly...
Vladimir Lisin has transferred his stakes in Russia’s biggest steelmaker and a rail freight operator to companies registered in Abu Dhabi, the latest example of a billionaire shifting assets to the oil-rich emirate. The businessman, who’s worth about $23 billion according to the Bloomberg Billionaires Index, moved his stakes in Novolipetsk Steel PJSC and Freight One JSC from Cyprus...
Rich Russians are trying to move some of their wealth from Europe to Dubai as a result of Western sanctions, financial and legal sources say. The sanctions are a result of the Russian invasion of Ukraine. Dubai, the Persian Gulf’s financial and business center, has long been a point of interest for the very rich. And...
Rich Russians are trying to move some of their wealth from Europe to Dubai as a result of Western sanctions, financial and legal sources say. The sanctions are a result of the Russian invasion of Ukraine. Dubai, the Persian Gulf’s financial and business center, has long been a point of interest for the very rich. And...