Billionaire investor Yuri Milner relinquishes Russian citizenship


(Reuters) – Israeli-Russian billionaire Yuri Milner said on Monday he has renounced his Russian citizenship after leaving the country in 2014.
(Reuters) – 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.
(Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Michael Perry)
Venture capital is a form of private equity financing provided by investors to startups and small businesses with long-term growth potential. It typically involves high risk but can yield high returns.
An investment portfolio is a collection of financial assets such as stocks, bonds, and other securities held by an individual or institution, aimed at achieving specific financial goals.
Capital gain is the profit earned from the sale of an asset, such as stocks or real estate, when the selling price exceeds the purchase price. It is often subject to taxation.
A financial community refers to a group of individuals or organizations that engage in financial activities, including investing, trading, and providing financial services, often sharing knowledge and resources.
International capital refers to funds that are invested across national borders. This can include investments in foreign stocks, bonds, and real estate, facilitating global economic growth.
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