• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Russian Oligarch Worth $13 Billion Now Can’t Pay His Cleaner Because Of Western Sanctions

Home> News

Updated 21:07 17 Mar 2022 GMTPublished 21:04 17 Mar 2022 GMT

Russian Oligarch Worth $13 Billion Now Can’t Pay His Cleaner Because Of Western Sanctions

'I don't know how to live', Russian billionaire Mikhail Fridman said.

Rachel Lang

Rachel Lang

A Russian oligarch has had a massive whinge because he now has to clean his own home.

Mikhail Fridman said he doesn't 'know how to live' after his wealth was stripped by Western sanctions.

The Russian businessman currently lives in the UK and has a net worth of £7.7billion ($AUD 13.7 billion).

Advert

While shells rain down on the people in Ukraine, Fridman has told Bloomberg of his suffering after copping sanctions from the European Union on February 28 and the UK on March 15.

"We sincerely believed we are such good friends of the Western world that we couldn't be punished," he said.

The 57-year-old banking magnate co-founded London investment firm LetterOne and is a former board member of Russia's Alfa-Bank.

He has previously complained about the EU sanctions, calling them 'groundless and unfair'.

Advert

But in his interview with Bloomberg, he explained how he never thought this would happen to him as he believed his relationship with the West was strong enough to dodge such sanctions.

"I don't know how to live," he said. "I may have to clean the house myself."

Fridman did at least concede that cleaning his own home was 'normal' behaviour.

"When I was a student, I lived in a small room in a dormitory with four men. But after 35 years, it’s unexpected," the banking magnate said.

Advert

The oligarch claims he currently has an allowance of £2,500 (AUD$4456) per month. He also has to apply for a special license to spend money.

Bloomberg reports that the banking oligarch's wealth has dropped significantly after the Ukrainian invasion began, plummeting by £3.4 billion (AUD$6 billion).

He hit out at the sanctions, claiming he doesn't have power over Putin or the Kremlin's decisions.

"I’ve never been in any state company or state position," he said.

Advert

"If the people who are in charge in the EU believe that because of sanctions, I could approach Mr Putin and tell him to stop the war, and it will work, then I’m afraid we’re all in big trouble.

"That means those who are making this decision understand nothing about how Russia works."

Although the banking billionaire has complained about his problems, he did admit his issues are 'nothing compared with their [the Ukrainians'] problems'.

Fridman has previously commented on the the war in Ukraine as a tragedy, but refrained from expanding citing the sensitivities of commenting on politics in Russia.

Advert

"For me that's a huge tragedy what is going on," he said. "The war should be stopped."

If you would like to donate to the Red Cross Emergency Appeal, which will help provide food, medicines and basic medical supplies, shelter and water to those in Ukraine, click here for more information.

Featured Image Credit: REUTERS/Studio Lucky/Alamy Stock Photo

Topics: Ukraine, Russia, News

Rachel Lang
Rachel Lang

Rachel Lang is a Digital Journalist at LADbible. During her career, she has interviewed Aussie PM Malcolm Turnbull in the lead up to the 2016 federal election, ran an editorial campaign on the war in Yemen, and reported on homelessness in the lead-up to Harry and Meghan’s wedding in Windsor. She also once wrote a yarn on the cheese and wine version of Fyre Festival.

X

@rlangjournalist

Advert

Advert

Advert

Choose your content:

6 hours ago
7 hours ago
  • 6 hours ago

    World's 'first flying car' is going on sale much sooner than you think

    Flying cars are still something for the future, but apparently the rapidly approaching future

    News
  • 7 hours ago

    Experts issued warning over certain tattoo colour that could increase risk of deadly disease

    There can be some long-term health risks to going under the tattoo needle

    News
  • 7 hours ago

    Man who didn't sleep for a record 264 hours suffered from horrendous and potentially deadly side effects

    He smashed the record but suffered dangerous side effects in the process

    News
  • 7 hours ago

    The targets Iran could strike as it issues chilling threat to UK amid ongoing conflict

    The world isn't feeling particularly safe right now

    News
  • Russian Oligarch Renounces Citizenship After Claiming 'Everything Putin Touches Dies'
  • Russian Oligarch Alisher Usmanov Has Monster Yacht Seized By Germany After EU Sanctions
  • Russian Tourists Are Left Broke In Bali And Can't Withdraw Money As Sanctions Hit
  • Russian Protesters Are Now Being Arrested For Brandishing Blank Signs