Latest news with #Inna
Mint
4 days ago
- Business
- Mint
Oligarch's Heirs Reveal US Fund Bets in Family Office Revamp
Badri Patarkatsishvili's family set up a firm to manage his multibillion-dollar fortune after the mustachioed Georgian tycoon died suddenly at his English mansion in 2008. As his heirs fended off opportunists seeking a slice of the billionaire's assets, the money manager kept a low profile, offering few details of how it handled the wealth he amassed alongside fellow oligarchs Boris Berezovsky and Roman Abramovich following the collapse of the Soviet Union. That's starting to change. The Patarkatsishvilis' family office, Bili Capital, has revealed more than two dozen bets on funds from some of the biggest names in global finance, including BlackRock Inc. and Ares Management Corp., on a recently launched website. Patarkatsishvili's 70-year-old widow, Inna, the de facto head of the family after his death, also ceded her stake in the firm within the past year, registry filings show. That move coincides with the resolution of a long-running legal battle over the fortune of Georgia's one-time richest man, and has separately led to Inna's son-in-law, Yevhen Hunyak, 51, becoming Bili Capital's only shareholder. As a result, a second-generation member is now in sole control of one of London's biggest — and historically most discreet — family offices for the first time. A representative for the Patarkatsishvili dynasty, who describe Bili Capital as a multi-generational family office overseeing more than $1 billion in assets, didn't respond to requests for comment. The disclosures give rare insight into one of the biggest fortunes to emerge from Russia's so-called 'wild '90s' as the country transitioned from communism to a market-based economy. They also make the once-secretive Bili Capital more transparent than many other family offices, whose public profiles often comprise a single-page website with little information. At least one-fifth of individuals among the world's 500 biggest fortunes now have a family office that help to oversee wealth totaling more than $4 trillion, according to the Bloomberg Billionaires Index. Bili Capital's 'transparency on what they're doing makes them much more accessible, and relatable, to the outside world,' said David Hawkins, founder of Cliveden Advisory, a strategic consulting and reputation-management firm for ultra-wealthy individuals. 'They likely want to do more deals.' Bili Capital's other fund allocations include Silicon Valley venture capital giant Andreessen Horowitz, index-fund pioneer Vanguard and Mubadala-backed Fortress Investment Group. It also oversees direct stakes in a Georgia theme park, a mineral-water company and a real estate developer serving Miami's Fisher Island enclave for the ultra-wealthy. Patarkatsishvili began to build his fortune in the early 1990s when he teamed up with Berezovsky, one of the most influential oligarchs of that decade, to run car dealership LogoVaz. The pair later partnered with Abramovich to help establish Russian oil giant Sibneft out of state-owned assets, with Berezovsky leveraging his Kremlin connections and Patarkatsishvili keeping business relations running smoothly behind the scenes. 'Berezovsky was the public face of their alliance, while Badri was the muscle,' said David Lingelbach, who headed Bank of America Corp.'s Russian operations during the 1990s and is now a professor of entrepreneurship at the University of Baltimore. 'He's such an interesting oligarch as everything about him was so opaque. He was one of the most powerful — if not the most powerful – person in Georgia.' In 2001, Abramovich acquired the Sibneft stakes owned by Patarkatsishvili and Berezovsky for more than $1 billion after their relationship with the Kremlin soured. Berezovsky later tried unsuccessfully to sue Abramovich over that deal in one of London's most high-profile legal battles, before he was found dead at his own English mansion in 2013. Abramovich is worth $7.8 billion today, according to Bloomberg's wealth index. Bili Capital's revamp comes after years of battles over the patriarch's assets have receded, freeing his heirs to focus on what's left of the fortune. Since his death, the family has been entangled in several cases, including a $3 billion claim in 2008 by Berezovsky, who alleged that a portion of his former business partner's holdings — often stashed in secretive tax havens — rightfully belonged to him. Berezovsky withdrew his claim four years later, while the family also successfully fended off a distant relative positioning themselves as Patarkatsishvili's heir. Another case dating to 2016 wrapped up this year at the UK's highest court. By some estimates, the family has recovered at least $2 billion of Patarkatsishvili's assets, though that's just a fraction of what his overall wealth was believed to be at the time of his death. Founded in December 2008, Bili Capital is led by Chief Executive Officer Sergey Ershikov and Chief Financial Officer Ilia Demidov, who both previously worked at Russian lender Alfa-Bank. Like other family offices, the closely held firm isn't regulated as it doesn't manage money for external investors, limiting transparency requirements. Allocating to funds instead of striking deals under its own name also allows it to keep a low profile, while its longtime holding entity is in Jersey, a low-tax territory neighboring the UK that offers exemptions from publicly disclosing consolidated accounts. A 2022 job posting for Bili Capital cited further assets including a yacht, a fleet of vehicles and several European homes, underscoring how the firm caters to both the financial affairs and jet-setting lifestyle of its owners. The online post also described the firm developing a 'branding' strategy, signaling how it has been considering its public image for years. 'Reputational capital is important,' said Hawkins, who also advises family offices. 'It's a necessary form of insurance.' In a section entitled 'Meet our family,' Bili Capital's website features a black-and-white image of Inna accompanied in a countryside setting by her two daughters: Liana, 45, the founder of an arts production company, and Iya, 42, a human rights activist. Iya's husband Hunyak, the co-founder of a private children's dental group and Bili Capital's sole shareholder since September, stands to the right of the three women with a small gap between them. The group are all smiling, with no trace of their past traumas. This article was generated from an automated news agency feed without modifications to text.
India.com
08-07-2025
- Entertainment
- India.com
Nora Fatehi breaks down after sharing cryptic message about…, her bodyguard pushes fan, watch viral video
Bollywood actress and dance sensation Nora Fatehi was seen crying at the Mumbai airport on Sunday evening. While usually Nora's glamorous look and energy attract people, this time the actress was quite emotional. Nora, who was seen in a black dress and sunglasses, was crying. Why was Norah Fatehi crying? If the report of the paparazzi page, Tahir Jasoos, is to be believed, Nora's aunt has passed away. Not only this, but Nora's video is in the headlines for another reason. As soon as Nora Fatehi was spotted at the airport, photographers surrounded her. During this, an excited fan tried to take a selfie, but Nora's bodyguard pushed him back and angrily took him away. This entire incident was captured on camera, and now this clip is trending on social media. Watch Norah Fatehi's viral video Netizens react to Norah Fatehi's viral video Just before being seen at the airport, Nora shared 'Inna Lillahi Wa Inna Ilahi Rajiun' (which is a sentence spoken on the news of death in Islam) on her Instagram story. Since then, concern has increased among her fans and followers about whose death is being talked about. However, no official statement has come from the actress or her close sources yet. View this post on Instagram A post shared by TAHIR JASUS007 (@tahirjasus) What is Norah Fatehi's upcoming project?
Scottish Sun
29-06-2025
- Scottish Sun
Exec who ‘stole £1m before going on run and faking death in Majorca where she was exposed by giant poodle' faces court
The woman kept using her social media accounts, which aroused suspicion she had not in fact been killed in a road accident RUFF JUSTICE Exec who 'stole £1m before going on run and faking death in Majorca where she was exposed by giant poodle' faces court Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A SUSPECTED German fraudster who faked her own death and was given away by her giant pet poodle will face court on Monday. Inna Z, 51, was arrested by police in Majorca after her company doubted the claim she had been killed in a car accident and tracked her down with detectives. Sign up for Scottish Sun newsletter Sign up 3 Her poodle, like this one, led private investigators to where the woman was hiding out Credit: Alamy 3 Inna was found to be living in a lux house in Santa Ponsa, Majorca Credit: Getty Her giant poodle was noticed walking the streets and led investigators back to the exec. The tax adviser was accused of defrauding around £900,000 from the German solar power firm she worked for. She was summoned to court in November 2020, but her sister reported she had been killed in a car crash of March that year. It said: "We regret to announce the sad passing of our founding partner in a traffic accident." A death certificate was provided, but her company in Rostock, north Germany, smelt a rat and hired private detectives to investigate. They discovered that her social media was still active, meaning Inna was either still alive or being impersonated. They also found out she owned a giant poodle. The pooch became the object of their search, and was spotted out for a walk in Santa Ponca, Majorca. Large poodles are not a common sight on the island, so the canine stuck out. It led the team to a swanky villa in the town - and the supposedly dead Inna. Horror in Majorca as at least five bodies with hands and feet shackled are plucked from water off Brit holiday island She had cut her hair and changed its colour to drastically alter her appearance. Inna admitted to staging her demise after false documents were found in the house. Appearing in court soon after her arrest, she said: "It was clear they were going to catch me, but I wanted some time." The prosecutor's office has estimated the total amount she defrauded sits at around £5million. This week she reached a plea deal where she will avoid jail if she repays £1.5million. Her sister Anna, who wrote the email to the court, will also avoid jail. It comes as a British dad died this week on the island when he fell off a wall onto rocks. Ben Clark, 41, died instantly when he plunged 15ft in the early hours of Friday morning. His daughter, Kaci Fraya, is believed to have been on the Spanish holiday to Cala Agulla on the island's northeast coast with her dad at the time of his death.
The Irish Sun
29-06-2025
- The Irish Sun
Exec who ‘stole £1m before going on run and faking death in Majorca where she was exposed by giant poodle' faces court
A SUSPECTED German fraudster who faked her own death and was given away by her giant pet poodle will face court on Monday. Inna Z, 51, was arrested by police in Advertisement 3 Her poodle, like this one, led private investigators to where the woman was hiding out Credit: Alamy 3 Inna was found to be living in a lux house in Santa Ponsa, Majorca Credit: Getty Her giant poodle was noticed walking the streets and led investigators back to the exec. The tax adviser was accused of defrauding around £900,000 from the German solar power firm she worked for. She was summoned to court in November 2020, but her sister reported she had been killed in a car crash of March that year. It said: "We regret to announce the sad passing of our founding partner in a traffic accident." Advertisement read more in world news A death certificate was provided, but her company in Rostock, north They discovered that her social media was still active, meaning Inna was either still alive or being impersonated. They also found out she owned a giant poodle. The pooch became the object of their search, and was spotted out for a walk in Santa Ponca, Majorca. Advertisement Most read in The US Sun Breaking Large poodles are not a common sight on the island, so the canine stuck out. It led the team to a swanky villa in the town - and the supposedly dead Inna. Horror in Majorca as at least five bodies with hands and feet shackled are plucked from water off Brit holiday island She had cut her hair and changed its colour to drastically alter her appearance. Inna admitted to staging her demise after false documents were found in the house. Advertisement Appearing in court soon after her arrest, she said: "It was clear they were going to catch me, but I wanted some time." The prosecutor's office has estimated the total amount she defrauded sits at around £5million. This week she reached a plea deal where she will avoid jail if she repays £1.5million. Her sister Anna, who wrote the email to the court, will also avoid jail. Advertisement It comes as a British dad died this week on the island when he Ben Clark, 41, died instantly when he plunged 15ft in the early hours of Friday morning. His daughter, Kaci Fraya, is believed to have been on the holiday to Cala Agulla on the island's northeast coast with her dad at the time of his death. 3 Inna was found to be alive and well in a luxury apartment Credit: Getty Advertisement
Tom's Guide
03-06-2025
- Entertainment
- Tom's Guide
Boost your metabolism and cardiovascular health with this 5,000-step walking workout
At the risk of stating the obvious, walking has to be one of the best (and most underrated) forms of cardio going. We say this because all you really need is a great pair of comfortable sneakers, like the best Skechers shoes, and some motivation to head into the great outdoors. But when the weather's not playing ball, motivation is low, or you're tied up with work, walking workouts — which you can complete from just about anywhere (including from behind your desk) — are the next best thing. Just take this 30-minute routine from Inna Moves You as an example. The fitness trainer and dancer has compiled an easy-to-follow walking routine that requires no equipment at all. So, whether you turn off your work camera, stand up and start stepping to the beat or complete this workout in your lunch break or while the baby sleeps — inside 30 minutes, you would have racked up 5,000 steps and given your cardiovascular health a boost. Which is not bad for putting one foot in front of the other, hey? The workout from Inna is a 30-minute speed walking workout you can complete from just about anywhere. For example, you could do this workout outside in your garden, in a park, as Inna has done, or in your living room. The best bit yet is that you'll need zero equipment, just your smartphone, laptop or TV so you can watch how to master each move. This workout is split into intervals, with around 45 seconds of work followed by 15 seconds of marching on the spot. The idea is to get your heart rate up and your body moving, which it does! Each interval contains a different style of move. In one 45-second segment, you could be moving from side to side while moving your arms, then in the next, you could be doing some air punches while moving your feet in time to the music. If you keep in time to the music and match Inna's moves, you should clock up 5,000 steps in 30 minutes, which you would see if you were wearing one of the best fitness trackers. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. However, with no designated 'rest' breaks, if this style of workout is new to you, you may find that you need to stop, which is completely fine. If that's the case, the more you complete this stepping session, the more your stamina will improve. In short: there are many! Along with adding to the amount of your daily movement, you'll also be increasing your step count without having to venture outside. This workout is also low impact, as it contains zero jumps, which means it's ideal for the masses, even on rest days. Completing this walking workout could also help you guard against illnesses as you age, as research shows that walking can help reduce the chronic age-related diseases such as cardiovascular disease, hypertension, type 2 diabetes, and cancer. The same research paper suggests that walking can improve pain and function in musculoskeletal disorders and has positive effects on sleep and mental health. To feel the effects, researchers suggest that you'll need to take a brisk walk for at least 30 minutes, five days a week.
