4 Russian Conglomerates Who Dare to Spend Money for Art and Charity Events

Sharing is good, especially when you have millions who are unemployed, and the richest Russian businessmen prove that they are generous on this issue.

When a fire burned Notre Dame in Paris on April 15, 2019, France’s richest families quickly began a fundraising effort to restore the cathedral.

Fortunately, Russia does not need to raise funds, for example, returning the Kremlin after the fire. But if needed, there will be no problem with the lack of rich people who are ready to donate. As elsewhere, Russian billionaires are familiar with charity. We managed to get information from several billionaires and even raised funds for charity with money from winning bets at sportsbook gambling such as football, basketball, horse racing, etc. If you want to be like them, you can try to put some money on Judi Bola Indonesia, they are the best and the most trusted in gambling community on internet even in the world because they pledged to always secure your account information and giving the best customer service you have ever experience.

Here are 4 Russian Billionaires that can make you want to raise for a charity:

Gennady Timchenko

The founder and owner of a private investment company, the Volga Group, Timchenko, also owns many shares in Novatek (the second-largest natural gas producer in Russia), Sibur (a large petrochemical company), and several other leading companies.

Art and charity project: In 2010, Timchenko and his wife Elena founded the Elena Social Foundation and Gennady Timchenko (Elena and Gennady Timchenko Charitable Foundation) which helps the elderly (geriatric services), sports (especially hockey), and culture (specifically urban development) small and rural cities around Russia).

In 2014, Timchenko also mentioned that he was ready to “give everything [all of his assets] to the country or charity if needed.”

Alisher Usmanov

Since 2012, Usmanov has headed the USM Company, which brings together his various commercial companies, including Metalloinvest, one of the largest mining and metallurgical companies in Russia.

Art and charity projects: Usmanov heads several philanthropic foundations, including giving money to sports centers (especially fencing – Usmanov was a champion), health and fitness, and cultural projects.

Usmanov gave many expensive prizes to the museum and public funding. For example, in 2007, he obtained a collection of art from Mstislav Rostropovich and Galina Vishnevskaya, then gave it to the Russian government.

In 2019, The Sunday Times estimated its contribution to art, science, culture, and sports.

Mikhail Prokhorov

Widely known in Russia for his participation in the 2012 presidential election (in third place), Prokhorov owns 51 percent of the Brooklyn Nets basketball team in the NBA. Still, lately, his main wealth consists of assets in various companies.

Art and charity project: In 2004, when Prokhorov owned a stake in Nornikel, he held financing in his name. Initially, the financing was based in the city of Norilsk, where the Nornikel head office is located, but then it spread to other regions in Russia.

Vladimir Potanin

Vladimir Potanin controls the Interros Group, which holds a 33 percent stake in Nornickel, the world’s leading producer of nickel and palladium.

Art and charity project: Potanin has a charitable foundation in its name. The foundation helps professors and students at Russian through scholarships aimed at developing the museum sector in Russia and developing philanthropic activities. Based on its annual report in 2017, the Vladimir Potanin Foundation.

Among other projects, Potanin routinely supports the State Hermitage – one of the most important museums in Russia; he has headed the museum’s Board of Trustees since its establishment and personally donated in 2010. He also joined the Pledge Awarding by Warren Buffett and Bill Gates, and he also promised to give half of his net worth to charity.

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