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Russian Billionaire Shocks Business Conference By Showering Them With More Than £15,000

Russian Billionaire Shocks Business Conference By Showering Them With More Than £15,000

A Russian tycoon stunned a business conference by releasing a cash 'rain shower' worth $20,000 (£16,200) into the audience. Watch the footage below:

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People scrambled to pick up the money - all in American $1 bills - as building magnate Igor Rybakov, 47, told the assembled crowd that he wanted to help young Russian entrepreneurs to get started and become successful.

This is a man who is worth a cool $1.4 billion (£1.1bn), according to Forbes, and while his behaviour may seem eccentric to some, Mr Rybakov explained that there was actually a good reason for the $20,000 drop.

People celebrated as they picked up some of the dollar bills. Credit: East2West News
People celebrated as they picked up some of the dollar bills. Credit: East2West News

Following the rain shower at the Gazprom Arena in St Petersburg, Russia, Rybakov told the Synergy Global 2019 business forum how he began building his fortune when his father Vladimir gave him just $1.

His dad told him to multiply the money - then share it, he said. He did just that and is now one of the 100-plus Russians to become dollar billionaires during the Vladimir Putin era.

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Wearing a hoodie emblazoned with his name in English, Rybakov declared: "My father gave me this ticket. I am passing it on to you. Take it, multiply it - and share it. It's real."

The 'ticket' to fortune. Credit: East2West News
The 'ticket' to fortune. Credit: East2West News

He said his fee for a speech to the popular forum was $200,000 (£162,300) so he was giving $20,000 away as 'cash back'. What a generous fella because - let's face it - he didn't need to. No one stays a billionaire by doing everything for free.

Rybakov, from industrial city Magnitogorsk, is a founder of TechnoNICOL Corporation, a producer of building materials and systems.

He owns 50 percent of the company, having co-founded it in 1992 - at the age of 20 - with his classmate Sergei Kolesnikov. TechnoNICOL owns 53 companies in seven countries across Europe and Asia.

According to Forbes, he ran TechnoNICOL until 2015. Two years later, he co-founded a $100 million venture capital fund to invest in IT platforms across the globe.

The married father of four is also known as an author of books on successful business practices as well as being a philanthropist.

Featured Image Credit: East2West News

Topics: Billionaire, World News, News, Russia

Rebecca Shepherd

I'm Becky - a journalist at LADbible. I graduated with a First Class BA in Journalism before going on to cover criminal court cases, medical tribunals and breaking news for the national media - which inevitably and eventually became as glum as it sounds. Can often be found rocking a bag for life - which I made a 'thing' way before Rihanna. You can contact me at editorial[email protected]

 

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