Forbes says Khodorkovsky is still worth almost 2 billion dollars

Forbes magazine has discovered that the former co-owners of the Russian oil company Yukos are the beneficiaries of trusts that co-own the Miami-registered Quadrum Atlantic SPC foundation. Through offshore companies, Mikhail Khodorkovsky and Platon Lebedev own 25 percent of Quadrum Atlantic, says Forbes. Another 50 percent belongs to their former Yukos partners Vladimir Dubov and Mikhail Brudno.

Quadrum Atlantic SPC is controlled by the company Quadrum Global, which, according to Forbes, manages roughly $2 billion in assets, including skyscrapers in New York and other US cities, as well as office buildings in London and residential complexes in Tbilisi and Vietnam.

Platon Lebedev told Forbes that he owns nothing in strictly legal terms. None of the other figures named in the story have commented publicly.

In 2013, Quadrum Global separated from Cube Capital, where one of the top executives was Oleg Pavlov, a former staff member at Menatep. He is also the founder of Quadrum.

Yukos, once Russia’s largest private oil company, went bankrupt in 2006. Three years prior, its co-owners, Khodorkovsky and Lebedev, were arrested. Between 1999 and 2003, Yukos paid out $3.7 billion in dividends.

According to Forbes’ calculations, Khodorkovsky was worth roughly $1.7 billion when he exited prison in December 2013. Khodorkovsky himself, meanwhile, has never revealed his true wealth.