News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Russia's richest man moves to Siberia to pay taxes

For many, mention of Siberia conjures up an image of freezing wastelands and Stalinist gulags.

But for Mikhail Prokhorov, Russia's richest man, the vast wilderness east of the Ural Mountains is home - and it is where the billionaire says he wants his taxes spent.

WSJ Logo