Bidzina Ivanishvili
Tbilisi, Georgia
Georgia
investments, Self Made
$4,900,000,000
365
#365 Billionaires 2019
Georgia's richest man Bidzina Ivanishvili made his money in metals and banking in Russia then cashed out and moved back home in 2003. Ivanishvili was elected prime minister of Georgia in October 2012. Thirteen months later he stepped down after his party won the presidential elections, saying he'd fulfilled his task. He entrusted about $1 billion to Credit Suisse but more than $100 million of that sum was apparently stolen by the bank's manager Patrice Lescaudron.Lescaudron was found guilty in February 2018 and sentenced to five years in prison.
Ivanishvili lives in a 108,000-square-foot compound in the mountains overlooking Tbilisi. He has a vast collection, including Dora Maar with Cat by Picasso.The Georgian Dream party, which Ivanishvili founded in 2012, won the election for the second time in December 2018 when Salome Zurabishvili became president.
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