• By The Financial District

Billionaire Investor Yuri Milner Renounces Russian Citizenship

Israeli-Russian billionaire Yuri Milner said on Monday he has renounced his Russian citizenship after leaving the country in 2014, Reuters reported.


Photo Insert: "My family and I left Russia for good in 2014, after the Russian annexation of Crimea," Israeli-Russian billionaire Yuri Milner said in a tweet.



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 and 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.



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