|Net Worth:||$1 Billion|
|Date of Birth:||June 1, 1961 (62 years old)|
What is Yevgeny Prigozhin’s Net Worth?
Yevgeny Prigozhin is a Russian oligarch who has a net worth of $1 billion. Yevgeny Prigozhin is well recognized for his strong friendship with Vladimir Putin, the president of Russia.
He is the owner of a network of businesses that includes the paramilitary Wagner Group and a number of entities charged with meddling in the 2016 and 2018 US elections. Prigozhin’s efforts have prompted international sanctions and criminal accusations from the US since they are directly connected to the Russian Ministry of Defence and the GRU.
Yevgeny Prigozhin was born on June 1, 1961, in what was then Leningrad, Russian SFSR in the Soviet Union. He attended an athletic boarding school as a young man where he engaged in cross-country skiing.
After leaving, Prigozhin started engaging in criminal activity, including theft and fraud, for which he was given a 12-year prison term in 1981. He completed serving his nine-year term in the end.
Prigozhin and his stepfather established a chain of hog dog stands after he was released from prison in 1990, and the venture quickly became quite successful. A franchise of the Rival grocery store chain was one of his first investments. He acquired a 15% share. The first casinos in St. Petersburg were co-founded by Prigozhin as he expanded his business into the entertainment hotel sector.
He started Concord Management and Consulting in 1995, a company that owns and runs Concord Catering as well as a number of eateries. Old Customs House, a restaurant, was established in the same year by Prigozhin and Contrast director Kiril Ziminov. A floating restaurant called New Island, which was modeled after the waterfront eateries in Paris was launched by the duo two years later.
Politicians like Vladimir Putin and Jacques Chirac received food from Prigozhin there, and in 2002, he hosted George W. Bush. After splitting from his business partners in 2003, Prigozhin opened up his own solo eateries. He also rose to the position of Putin’s personal chef. Putin’s de facto private army, the Wagner Group, is a paramilitary group based in Russia that has had Prigozhin as its leader since 2014.
According to reports, its contractors have taken part in a number of conflicts throughout the globe, including the civil wars in Libya, Syria, Mali, and the Central African Republic, where they battled alongside the Russian government’s allies. Several war crimes, including robbery, rape, and torture, have been alleged to have been committed by Wagner’s agents.
The group’s involvement in the Russian invasion of Ukraine in 2022, when members are said to have been given orders to assassinate Ukrainian leaders, has been linked. Although Prigozhin long denied working with Wagner, in September 2022 he eventually acknowledged the group’s founding.
Prgozhin and the Wagner Group have been deeply involved in commercial and political activities in Africa throughout the years, particularly in the Central African Republic and Madagascar. His affiliated firm Lobaye Invest has conducted mining operations for gold, diamonds, and a variety of other minerals in the former nation.
The Internet Research Agency, a Russian internet propaganda group suspected of meddling in the 2016 US presidential election and the 2018 midterm elections, reportedly had Prigozhin as a financier and director. Prigozhin is also said to have collaborated with two other businesses that are accused of trying to sabotage political events both domestically and internationally.
Penalties and Sanctions
Prigozhin and his businesses have been the target of various fines and accusations. The US imposed sanctions on Concord Management and Consulting in 2017 as a result of the conflict in Eastern Ukraine. A number of the businesses owned by Prigozhin, such as Evro Polis, Beratex Group, Autolex Transport, and Linburg Industries, have also been sanctioned as a result of intervention in the 2016 US election.
In the meantime, Prigozhin was accused of funding and organizing efforts to sabotage the US election process after the Internet Research Agency and a few other businesses were indicted by a US grand jury in early 2018. Prior to the Russian invasion of Ukraine in the following year, Prgozhin’s assets and the assets of his family were blocked. Prgozhin was placed on the FBI’s most-wanted list in early 2021.
Prigozhin is wed to Lyubov Valentinovna, a pharmacist who runs the Chocolate Museum, a chain of specialty shops in St. Petersburg. She also owns the business New Technologies SPA as well as the upscale day spa Crystal Spa & Lounge, boutique hotel Crystal Spa & Residence, and Crystal Spa & Residence.
Polina is the name of the daughter of Prigozhin and Valentinovna. They reside on a St. Petersburg property that has a basketball court and a helipad. Prigozhin also has a 115-foot boat and a private plane.
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