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SpinDistribute.com Article Directory

The following article was published in our article directory on December 9, 2013.
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Russian Billionaires: Drivers of Russian Business

Article Category: Advice

Author Name: Western NY Camping Magazine

While the icon of the Soviet years of Russia lingers in the thoughts of those who endured the Cold War, Russia has put that period in its history in the rearview mirror. Today, only the United States and China count more billionaires among their residents than does Russia.

Russian Capitalist Wiki provides original news on the activities of Russia's most successful entrepreneurs, those on the cusp of joining that exclusive club and their collective impact on modern Russia and the world.

Russian Capitalist Wiki tells the stories of those successful entrepreneurs, explores their business models, chronicles their expanding international influence, and follows the trajectory of Russia's economy in the 21st Century.

Russian business leaders

Russian business leaders and its leading businesses are global players. Russia's business growth has been fueled by non-traded services and goods for the domestic market, with oil, gas, metals and timber accounting for more than 80 percent of exports abroad. Clever Russian executives have amassed great fortunes but perhaps more importantly, they have led the ongoing transformation of Russia into a modern, market-oriented economy with a growing entrepreneurial sensibility.

Billionaires

In 2011, according to Forbes magazine, Russia was home to 101 billionaires, third most in the world behind only the United States (413) and China (115). Today, Moscow is home to more billionaires (79) than any other city worldwide.

Modernization and markets

The Russian government is expected to invest $1 trillion in infrastructure modernization by 2020. Russia joined the World Trade Organization in December 2011, affording it much greater access to overseas markets. After joining, analysts predicted that Russia could see an economic bounce of as much as three percent annually.

Resources and taxes

Above and beyond the nation's vast resources, which experts consider to be well ahead of most other resource-rich countries in terms of economic development, a simple, streamlined tax code first adopted in 2001 reduced tax burdens and allowed for an increase in industry. The nation's 13 percent flat tax rate ranks it as the second most attractive personal tax system for single managers in the world, bested only by the United Arab Emirates.

The Russian government is expected to invest $1 trillion in infrastructure modernization by 2020. Russia joined the World Trade Organization in December 2011, affording it much greater access to overseas markets. After joining, analysts predicted that Russia could see an economic bounce of as much as three percent annually.

Keywords: Russian billionaires

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