• 13/04/2024 18:01

Two more businessmen from the Forbes list renounced Russian citizenship

Russian businessmen continue to renounce Russian citizenship. The creators of Veeam Software, Andrei Baronov and Ratmir Timashev, who were included in the rating of “200 richest businessmen in Russia” for five years, from 2017 to 2021, renounced their Russian citizenship. An acquaintance of the businessmen told the Russian edition of Forbes about this.

Two more businessmen from the Forbes list renounced Russian citizenship

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According to him, Timashev and Baronov went through this procedure at the Russian Embassy in Cyprus and now the businessmen have only Cypriot citizenship left. The entrepreneurs themselves have been living abroad for a long time: Baronov in Switzerland, and Timashev in the USA.

Baronov announced about submitting documents to renounce Russian citizenship last year on his account on the social network LinkedIn, said a source close to Veeam.

“I am a private citizen and never make public comments, especially about politics. I am making a rare exception because I am deeply shocked by the Russian war in Ukraine. “I have officially submitted all the documents necessary to renounce Russian citizenship,” Baronov noted.

He also added that he donated millions of dollars to reputable humanitarian organizations that helped “displaced Ukrainians on the territory of Ukraine.” Officially, the entrepreneur ceased to be a Russian citizen in December.

In turn, Ratmir Timashev renounced Russian citizenship in January 2024, evidence of which was reviewed by Forbes. This was also confirmed by Timashev himself.

Baronov and Timashev became the eighth and ninth businessmen from among the current and former members of the Forbes list who have renounced Russian citizenship since the beginning of 2022.

Who else has renounced Russian citizenship

Previously renounced Russian citizenship billionaires Timur Turlov (Freedom Holding), Yuri Milner (DST Global), Nikolay Storonsky (Revolut), Igor Makarov (Areti), Coalco founder Vasily Anisimov, Troika Dialog founder Ruben Vardanyan and former billionaire founder of Tinkoff Bank Oleg refused Tinkov.

In 2020, Forbes estimated the fortune of Andrei Baronov at $770 million, Ratmir Timashev at $680 million. The basis of their fortune is the income from the sale of Veeam Software to the US venture fund Insight Partners in 2020 for $5 billion .

Veeam Software specializes in the development of software products for data management, secure storage and backup. Timashev and Baronov founded Veeam in 2006, investing about $10 million in it.


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