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Russian Billionaire : Yuri Shefler

Russian Billionaire : Yuri Shefler

Yuri Shefler has S.P.I. Group, which produces as well as sells alcohol under 380 brands in 160 countries. The company is signed up in Luxembourg however its main factories remain in Latvia. Its finest recognized brand is Stolichnaya vodka, which Shefler bought from state-owned VVO Soyuzplodoimport for $285,000 in 1997.

Soyuzplodoimport later determined it desired the brand back and also sued. Russia’s Supreme Court ruled the sale unlawful in 2001, banning Shefler from selling the vodka inside its boundaries. He was also prosecuted for misappropriation of trademarks. He left Russia the next year yet that didn’t quit the Russian government from remaining to seek him.

In 2008, he was placed on an Interpol checklist. In 2014, the Netherlands, Luxembourg and also Belgium signed up with Russia in outlawing sales of Stolichnaya. For now, the problems haven’t hurt business much, according to analysts. Shefler, meanwhile, divides his time in between Fantastic Britain, Switzerland and anywhere his yacht Serene, one of the largest on the planet, takes him. According to Forbes, his net worth is $ 1.75 B as of 5/8/17.

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