Billionaire investor Yuri Milner relinquishes Russian citizenship

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9A01Z_L.jpg

Milner is the founder of internet investment firm DST Global, and made a fortune by betting on Chinese tech companies like e-commerce platforms Alibaba (NYSE:BABA) and JD (NASDAQ:JD).com.

“My family and I left Russia for good in 2014, after the Russian annexation of Crimea,” Milner said in a tweet. “And this summer, we officially completed the process of renouncing our Russian citizenship.”

Milner has been an Israeli citizen since 1999 and has not visited Russia since 2014, according to a fact sheet on DST Global’s website.

Milner also has no assets in Russia, 97% of his personal wealth was created outside of the country and “Yuri has never met Vladimir Putin, either individually or in a group,” according to the website.