Vladimir Potanin donated part of his fortune to a charitable foundationRussia's Interros has begun the process of transferring up to 50% of Rosbank's shares to the endowment fund of businessman Vladimir Potanin, the billionaire said in a statement. The fund was created after Potanin announced his decision in 2010 to direct most of his fortune to charitable purposes. The fund's target capital will reach the planned amount of 100 billion rubles, which will ensure the financial stability and long-term nature of its charitable programs. In turn, the foundation becomes an independent charitable organization with independent governing bodies. The Interros Group is one of the largest private investment companies in Russia, founded by Vladimir Potanin in 1990.

Source: The Munich Eye September 18, 2022 01:10 UTC