Russia's Wealth Possessors Study 2015
56 Pages Posted: 23 Sep 2016
Date Written: April 3, 2015
Abstract
SKOLKOVO Wealth Transformation Centre has an ongoing research project to study Russian private capital and family business. Even though the history of private capital in Russia only goes back a few decades, issues concerning wealth succession are now taking on greater prominence. Succession issues are important not only for the families of wealth possessors, but also for the employees of their companies, service providers and society as a whole. Indeed, it is not a stretch to say that succession issues may directly impact the economic stability of the country.
Our research report “Russia’s Wealth Possessors Study 2015,” aims to reveal the attitudes of Russian entrepreneurs and investors towards succession issues. The data obtained by the research group – from in-depth interviews with Russia’s wealth possessors – revealed insights about the personal characteristics of wealth possessors, various strategies for wealth transfer, the main challenges associated with wealth transfer in Russia, and key factors influencing wealth transfer decisions.
Keywords: Russia, succession planning, wealth management, HNWU, UHNWI
JEL Classification: A14,D31,E22,D31,G11,O16
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