Mark Hollingsworth - Londongrad - From Russia with Cash; The Inside Story of the Oligarchs

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The amazing true story of how London became home to the Russian super-rich – told for the first time ever. A dazzling tale of incredible wealth, ferocious disputes, beautiful women, private jets, mega-yachts, the world’s best footballers – and chauffeur-driven Range Rovers with tinted windows.
A group of buccaneering Russian oligarchs made colossal fortunes after the collapse of communism – and many of them came to London to enjoy their new-found wealth. Londongrad tells for the first time the true story of their journeys from Moscow and St Petersburg to mansions in Mayfair, Knightsbridge and Surrey – and takes you into a shimmering world of audacious multi-billion pound deals, outrageous spending and rancorous feuds.
But while London’s flashiest restaurants echoed to Russian laughter and Bond Street shop-owners totted up their profits, darker events also played themselves out. The killing of ex-KGB man Alexander Litvinenko in London to the death – in a helicopter crash he all but predicted – of Stephen Curtis, the lawyer to many of Britain’s richest Russians, chilled London’s Russians and many of those who know them.
This is the story of how Russia’s wealth was harvested and brought to London – some of it spent by Roman Abramovich on his beloved Chelsea Football Club, some of it spent by Boris Berezovsky in his battles with Russia’s all-powerful Vladimir Putin. Londongrad is a must-read for anyone interested in how vast wealth is created, the luxury it can buy and the power and intrigue it produces.

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MARK HOLLINGSWORTH

The Press and Political Dissent: A Question of Censorship

Blacklist: The Inside Story of Political Vetting (with Richard Norton-Taylor)

The Economic League: The Silent McCarthyism

MPs for Hire: The Secret World of Political Lobbying

A Bit on the Side: Politicians and Who Pays Them (with Paul Halloran)

The Ultimate Spin Doctor: The Life and Fast Times of Tim Bell

Defending the Realm: Inside MI5 and the War on Terrorism (with Nick Fielding)

Saudi Babylon: Torture, Corruption and Cover-up Inside the House of Saud

Thatcher’s Fortunes: The Life and Times of Mark Thatcher (with Paul Halloran)

STEWART LANSLEY

Poverty and Progress in Britain

Housing and Public Policy

Poor Britain (with Joanna Mack)

Beyond our Ken (with Andy Forrester and Robin Pauley)

Councils in Conflict (with Sue Goss and Christian Wolmar)

After the Gold Rush

Top Man: How Philip Green Built his High Street Empire (with Andy Forrester)

Rich Britain: The Rise and Rise of the New Super-Wealthy

Copyright

First published in Great Britain in 2009 by Fourth Estate

An imprint of HarperCollins Publishers

1 London Bridge Street, London SE1 9ED www.4thestate.co.uk

Copyright © Mark Hollingsworth and Stewart Lansley 2009

FIRST EDITION

The right of Mark Hollingsworth and Stewart Lansley to be identified as the authors of this work has been asserted by them in accordance with the Copyright, Designs and Patents Act 1988

A catalogue record for this book is available from the British Library

All rights reserved under International and Pan-American Copyright Conventions. By payment of the required fees, you have been granted the non-exclusive, non-transferable right to access and read the text of this e-book on-screen. No part of this text may be reproduced, transmitted, down-loaded, decompiled, reverse engineered, or stored in or introduced into any information storage and retrieval system, in any form or by any means, whether electronic or mechanical, now known or hereinafter invented, without the express written permission of HarperCollins e-books.

Ebook Edition © AUGUST 2009 ISBN: 9780007287147

Version 2016-02-17

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NOTES

1

Michael Freedman, Forbes , 23 May 2005.

2

Guy Adams, Independent on Sunday , 17 December 2006.

3

James Harding, The Times , 13 March 2007.

4

James Meek, Guardian , 17 April 2006.

5

Sergei Guriev and Andrei Rachinsky, Ownership Concentration in Russian Industry , mimeo, October 2004.

6

Moscow Times , 30 January 2008.

7

Ibid.

8

Elinor Slater and Robert Slater, Great Jewish Men , Jonathan David Publishers, 1996, p. 60.

9

The Times , 7 September 2002.

10

Jonathan Dee, New York Times , 9 September 2007.

11

Forbes , 16 November 2006.

12

Mark Milner and Luke Harding, Guardian , 1 May 2008.

13

Dominic Midgley, Spectator , 8 October 2005.

14

Robert Service, Observer , 22 July 2007.

1

D. Midgeley and C. Hutchins, Abramovich: The Billionaire From Nowhere , HarperCollins, 2005, p. 55.

2

From www.newyorkerfilms.com, October 2002.

3

BBC News Online, October 2002.

4

Financial Times , 1 November 1996.

5

Speech to the Frontline Club, June 2007.

6

Ibid.

7

7WPS Monitoring Agency, July 2002.

8

Paul Klebnikov, Godfather of the Kremlin , Harcourt, 2000, p. 118.

9

Oliver Harvey and Nick Parker, Sun , 16 March 2007.

10

Dominic Midgley, Management Today , 28 October 2004.

11

P. Gumbel, Time , 2 November 2003.

12

Chrystia Freeland, Sale of the Century , Little Brown, 2000, p. 117.

13

Michael Gillard, ‘From the Kremlin to Knightsbridge’, BBC Radio 4, November 2006.

14

Strobe Talbott, The Russia Hand , Random House, 2003, p. 207.

15

M. Kramer, ‘Rescuing Boris’ Time , 15 July 1996.

16

A. Cowell, The Terminal Spy , Doubleday, 2008, p. 56.

17

Kramer, op. cit.

18

Ibid.

19

Klebnikov, op. cit., p. 218.

20

Financial Times , 26 April 2003.

21

Talbot, op. cit., p. 207.

22

Klebnikov, op. cit., p. 201.

23

Talbot, op. cit., p. 207.

24

D. Midgley and C. Hutchins, Abramovich: The Billionaire from Nowhere , HarperCollins, 2004, p. 56.

25

Kommersant , 16 November 1995.

26

Andrew Jack, Inside Putin’s Russia , Granta, 2005, p. 83.

27

John Thornhill, Financial Times , 28 August 1998.

28

See, for example O. Kryshtanovskaya and S. White, ‘The Rise of the Russian Business Elite’, Communist and Post-Communist Studies , 38 (2005), p. 298.

29

Quoted in A. Osborn, ‘The World’s Richest Russian Is Sued for $3 billion in London’, Independent on Sunday , 25 February 2007.

30

Interview with Financial Times , 13 July 2007.

31

P. Boone and D. Rodionov, ‘Rent Seeking in Russia and the CIS’, Brunswick UBS, Warburg, Moscow, 2002.

32

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