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![27khv Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1864354944473509888.png) Brian McDonald [@27khv](/creator/twitter/27khv) on x 8277 followers
Created: 2025-07-23 10:15:38 UTC

Billionaire Alexei Mordashov says Russia’s economy is shifting toward a “chaebol” model—dominated by giants like Severstal, Rosatom, and Norilsk Nickel. He warns of monopolies and weak SME growth. But is this really worse than the old oligarch model? 👇

Where the likes of Abramovich, Friedman, and Melnichenko made fortunes in Russia—then moved their assets, families, and loyalties West. Buying mansions in London, chalets in Switzerland, and docking mega-yachts in the Med. One tycoon in Moscow told me that he believes over $X trillion (net) was stripped out of Russia between 1991 and 2021. A staggering figure. 

South Korea’s chaebols—Samsung, Hyundai, LG—powered one of Asia’s most successful economies. Yes, they brought risks: corruption, market distortion, political influence. But they also delivered growth, jobs, and world-class exports.

If Russia can keep capital at home and align big business with national priorities, surely that's progress?

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