Alfa-Bank shareholders are listed in the Forbes' Impact Investors Rating

Forbes has released a new rating, a study of how the richest businesspeople in Russia spend money on solving problems of the society and the planet.

The Top-30 includes Mikhail Fridman and Petr Aven. It is worth mentioning that Forbes took into account not the entire volume of charity and social investments of Alfa Group, but rather only their part starting 2010, and proportional to a share of each shareholder.

Mikhail Fridman (impact currency – $500 million, fortune – $15,760 million) is the largest shareholder of Alfa Group and LetterOne, whose companies have spent more than $1.2 billion over the past 10 years on charity and social entrepreneurship. Alfa-Bank made a significant contribution to this amount: its “Life Line” program of assistance to seriously ill children over time turned into one of the largest charitable foundations in Russia. For the implementation of another program – “Alfa-Endo” (assistance to children with endocrine diseases), the bank's shareholders granted $100 million.

Petr Aven (impact currency – $100 million, fortune – $5,350 million), the co-owner of Alfa Group and LetterOne spends his personal funds on promoting the Russian art abroad: in 2019, he sponsored an exhibition of Natalia Goncharova at the Tate Modern in London. He promotes cultural ties between Russia and Latvia – finances “Riga Jurmala” festival, productions by Russian directors. Mr. Aven is the largest sponsor of NES. He also sponsored the exhibition Revolution: Russian Art 1917–1932 at the London Academy of Arts for the 100th anniversary of the revolution.


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