Quote:
Originally Posted by FStop7
My understanding is that back in the day Putin nationalized all of the oil and gas companies. Then he re-privatized them by selling them back to young guys who are tied to the FSB/KGB.
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You know, I typed up a really long post about this same thing and decided not to post it but it was also my understanding that when the soviet union collapsed, all of the previously state owned commodity assets were doled out to those closest to the former government which is why there are so many relatively young billionaires in Russia. None of these guys are "self-made," they started life on 3rd base and think they hit a triple.