Russia's 2nd-richest man Mikhail Fridman to leave all his fortune to charity. 'I don't plan to transfer any money to my children' | Welcome to Linda Ikeji's Blog

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Friday, 20 May 2016

Russia's 2nd-richest man Mikhail Fridman to leave all his fortune to charity. 'I don't plan to transfer any money to my children'

Billionaire Mikhail Fridman, whose net worth is $13.3 billion according to Forbes, is to leave his children out of his will. The businessman said he wants his children to create something on their own.
"I'm not a big fan of such public statements, but I can say that I am going to transfer all my money to charity. I don’t plan to transfer any money to my children,” Fridman said, responding to a question from the audience at the Forbes club.
He says giving a young person large amounts of money risks ruining his life. He also doesn’t want his children to participate in his Alfa Group business.

Fridman said he wants his children to follow his footsteps and create something of their own. Another reason for that is that he doesn’t want his elder daughter Laura, who is now 22, to become a focus of people with bad intentions.

The tycoon added that the same decision was made by his business partners. Fridman has four children. The youngest is 10 years old, the eldest is 22.

In 2016, Forbes Russia estimated Fridman’s wealth at $13.3 billion; he is ranked second among the richest Russians. He is the principal owner of Alfa Group, which includes Russia’s largest private commercial bank Alfa Bank, X5 Retail Group that has a chain of supermarkets in Russia, A1 TV Channel and the LetterOne investment holding.

Source: RT. com

65 comments:

Nwariaku Munachi said...

That's a nice decision, if its me, I will leave a little for them

STERN said...

GOOD. Let his children go work and make money by themselves and stop depending on daddy money

Psalmuelle aka Samstone. said...

WOW. His reasons sound good tho but I believe he has investments tied up for them somewhere, make e no dey lie give us for here.

#LIB ADDICT#

Victor Kachi said...

Ok seen

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judith hanrankis said...

Children work hard oo, ur papa no dey give una anytin








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freeborn bamislam suani zinalima said...

Good one,heaven is for u.
Africans are far away from this am sure that apc looters are reading this.nigeria politicians will rather store them for there unborn generations that using it to touch peoples life.
My father did the same














#sad indeed

Vivian Reginalds said...

Chai
-D great anonymous now as Vivian Reginalds

Osman Diamond said...

Africa My Africa.
Were you at.
Even Obasanjo and co wants to continue stealing from the poor till they die and pass the fortune to thier great grand kids they won't see.
Mikhail Fridman is just 52. He wants his children to work hard.
But dem old billionaires in Nigeria will kill even the poor to steal from them.
GOD HELP US IN AFRICA.

Abdulateef Adepetu said...

Gbese!!!! Ha!!!! Abi na spirit money... WTF.... leave your children out of billions of Dollars. Wonderful!

Juliet Iwuno said...

Chai! Linda take note!

Bonita Bislam said...

Wow! This man is just like a saint in Nigeria's upper and lower chamber ,very rare!

Apple Berry said...

Now that's a great man of vision talking. Not like Nigerian politicians who steal government money for their children and their children's children and their next generation.

Olaaliu said...

This man Kala ooo😮😮😮😮

ROYAL PRIESTHOOD said...

His cup of tea

ROYAL PRIESTHOOD said...

If he likes he should go wit his wealth to d grave.

Pretty face said...

Hmmmmm

Odibe Blessing said...

Hehehehehhehe d charity stuff is good but remember charity begins from home.

Anonymous said...

Lucky u,am not ur son.

Chima Nwoko said...

His decision...#onMYway...

Ogenah Boris said...

He's got a point. They should build something on their own

Tun River Valley said...

Wow , good man. This is a God sent to Charity. Please God change our politician minds to stop looting our money to foreign country account, because if they believe they will later give the money to charity they wouldn't steal or loot anymore to abroad

Sampson Ayantoye said...

Tell that tales to the Russian Folks

Anonymous said...

BE LIKE THIS GUY DON DEY DATE ESAN WOMAN CUS THEM JUJU GO MAKE YOU FORGET YOUR CHILDREN

Ichebi Christian said...

Lol
What a wicked man!
Hahahah

Anonymous said...

Hmm, Speechless.








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Edem victor said...

Wow! I just can't


OKORO UPGRADED

vinna saviour said...

For real? Let the children start disowning him naw

Ismail Owoo said...

If he has given his children the best education I see nothing wrong with it.

PrettyChi said...

Hmmm! But what is his plan now abt his children

Adaobi said...

Daddy I almost believed you! Chai, you are a sharp man

Anonymous said...

He worked for his money. They should work for theirs. He has given them the foundation to start off well.

Iphie Abraham said...

Hmmmmmmm,thats not fair joor







LIB ADDICT#just passing#

Tundebrown Ademuyiwa said...

Good but not so good

Oshios Baba said...

Good thought businessman

Ogbukwa Blessing said...

I can understand where he's coming from but you can't leave them with nothing

Hana said...

Wow awesome intention
But if u wer to be Nigerian
N you made ur intention known....count urself a dead man by ur own children😁


Miss Freeborn!!
Freeborn Zina is LIB best commenter

Musa simon audu said...

Hmmm..Good sha... #Lindatakenote

ike manuel said...

Can he really do that? Even if he manages to do that, he must have fully fortified his children financially and set them up in a position where all they will do is earn millions on daily bases..

Na me talk am!

Long Live Lib!!!

Eddy Ogbunambala said...

Good for him

ahabike daniel said...

Going d way of warren Buffett

Sarah Pius said...

If na my father, daddy abeg

Morgan Duruaku said...

Oga leave small for themm ooo make them see something to step on and rise if not ha etiekwala ooo and if u see them on the other side of the world no blame them!!!! Facking man

Anonymous said...

Can African do this?Compare him with our Naija politicians that steals for their children's children....lol Nice one.Oyibo have different orientation than Africa man

Stephanie Steven said...

This is wickedness 😢

gentle said...

He can do that without blinking. That's why their countries are continuously innovative. The kids will not inherit the wealth of their father, but will inherit the burden to do even better than their parents. We already know mark zuckerberg's daugher will be pressured to be creative like her dad but she's not inheriting his wealth. That's why their society works. Anyways sha, it's the same God that created them that created africans. I wonder why our case is always pathetic.

Ogb4real said...

Sounds interesting. Africa's richest men, Nigeria's richest men take note, what do you have to say.

Ogb4real said...

Sounds interesting. Africa's richest men, Nigeria's richest men take note. What do you have to say.

Ogb4real said...

Sounds interesting. Africa's richest, and indeed Nigeria's richest please take note

Anonymous said...

Shut up STERN.

Anonymous said...

This is amazing! while the current State governor of IMOState once mentioned that his 5th generation can never be poor after he becomes a state governor! What a world! Since then he has been busy stealing every dime meant for state development

looness said...

No mind am...give al to charity indeed...story...

looness said...

Help tel dem o....Amen,He sure will...i believe in Him alone

Online marketing said...

The kids are wealthy i guess. If your kids are wealthy you don't need to transfer your wealth to them unless you want to add to their problems.

Phina Ego-Oyibo said...

I like that sha! But he can still give some part to his children to fulfill part of his responsibility as a father cos God will still ask him questions.

Phina Ego-Oyibo said...

I like that sha! But he can still give some part to his children to fulfill part of his responsibility as a father cos God will still ask him questions.

Anonymous said...

Sure he has securities for them, he just said he won't transfer money, meaning having money available. But he will invest in them, so they can make their own LIFE. I personally think this is very wise of him. Russians raise their kids with an iron fist, some Africans could learn, will have more progress on the continent.

Anonymous said...

Amen. We all have the same sun& moon but why are others better off than us Africans? Because you lack knowledge to critically evaluate our selves, cultures and traditions.

Anonymous said...

Sir my name is charity

Anonymous said...

My dear this man is a wise man. He has laid the foundation, so if these kids have a solid foundation and his name doors are already open, but for them to enjoy money they need to start up something. He is building their character, money has destroyed so many lives in front of our eyes!!

Ollie 78 said...

Oya children go rule ya world

Anonymous said...

He did it to protect his children from broken heart and gold-diggers especially his 22 year old daughter because once most men are aware that she has no money to inherit they will runaway... He is not a wicked man at all. Good and compassionate man who cares for the needy.

Anonymous said...

Story ...i need to setup a charity organisation fast

GodSon101 said...

If his children dont make it they would never forgive him. I mean is he drunk? Abeg put some in investments for your kids rubbish

temple amadi said...

If you be my papa, I for kill you the moment u make this ugly statement? Abi u 4get say charity dey start for house??

Anonymous said...

If he bought houses to his children,gave them good education,why should he do more than that?This is a wise man, not a black man.

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