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Yevgeny Prigozhin, head of the Wagner Group, is believed to have died in a private plane crash. He is 62 years old and has made a significant fortune during his time as a prominent figure, especially during his involvement in the Wagner Group’s activities in the Ukraine conflict. Prigozhin’s relationship with Putin is complex – he is considered both a confidant and, at times, a rival. This change occurred when he was accused of staging a coup in June 2023. Earlier in his career, Prigozhin was often called “Putin’s chef” due to his ownership of restaurants and Catering business serving the Kremlin. Insiders describe Prigozhin as a ruthless and formidable character. However, it is important to consult current and reliable sources for the most up-to-date information on these events, as my most recent updated knowledge is as of September 2021 .
Yevgeny Prigozhin Net Worth 2023
These diverse business ventures contributed significantly to Prigozhin’s vast wealth, with certain estimates placing his personal wealth at as much as £2 billion. Many individuals who knew Prigozhin described him as a “calculating manipulator” who showed deference to those of higher social status while often displaying tyranny towards subordinates. when ascending the throne. A businessman who crossed paths with the tycoon in the 1990s told The Guardian: “He possesses determination, skill and is not afraid to use any means to achieve his desires.” .
A former defense official further noted: “He seems to derive satisfaction not only from the end goal but also from the process itself.” Prigozhin’s unstoppable rise can be traced back to 1981 in a Leningrad (now St. Petersburg) courtroom. Decades-old legal records, revealed by Russia’s Meduza news agency in 2021, revealed that Prigozhin faced robbery and assault charges, leading to his detention in territorial colonies affairs of Soviet Russia.
When communism fell, he emerged from a nine-year sentence, his temper more tough and his thinking opportunistic. He started selling hot dogs on the dilapidated streets of St. Petersburg, a business that eventually grew into a chain of eateries, while also becoming entangled in the organized crime scene plaguing the city. By 1996, Prigozhin had established a very prosperous restaurant business, which attracted the attention of Putin, who dined at one of his establishments—thus earning him the nickname “ Putin’s chef”.
After meeting with President Putin in 2001, Prigozhin’s catering business began securing lucrative state contracts to provide meals to Russia’s educational institutions and armed forces. This companionship would develop into a relationship of considerable financial value – a testament to the privileges associated with Putin. The deceased warlord, Yevgeny Prigozhin, is said to have amassed considerable wealth, potentially making him a billionaire. His lavish lifestyle is said to include assets such as lavish yachts, private jets and other luxury assets, contributing to an estimated net worth in excess of £1 billion.
More recently, in June, President Putin publicly announced that Prigozhin and the Wagner Group had won £1.6 billion worth of contracts from the Russian state in the past year alone. In addition, Prigozhin is said to be very adept at taking advantage of the natural resources of various countries and maintaining relationships with unstable regimes. According to an investigation conducted by the Financial Times, the Wagner Group has expanded its security services to many vulnerable and conflict-affected African and Middle Eastern countries. Companies suspected of having ties to Prigozhin allegedly earned $250 million from exploiting natural resources in these countries in the four years before Russia intervened in Ukraine. It is understood that the Wagner Group has been involved in extracting diamonds, gold, oil and gas from the countries where it operates, while also receiving direct payments from corrupt regimes.
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