Levels of inequality have reached unprecedented heights in Russia, with more than a third of its wealth concentrated in the hands of just 110 super-rich people, says a new report. Credit Suisse investment bank says wealth has been massively concentrated in the hands of powerful ‘oligarchs’ – among them well-known football tycoons Roman Abramovich, the owner of Chelsea, and Alisher Usmanov, a major shareholder at Arsenal. And they nearly all owe their wealth to President Vladimir Putin, who has allowed trusted businessmen to gain exclusive rights to the nation’s vast natural reserves.
