He says giving a young person large amounts of money risks ruining his life. He also doesnâ€™t want his children to participate in his Alfa Group business.
Fridman said he wants his children to follow his footsteps and create something of their own. Another reason for that is that he doesnâ€™t want his elder daughter Laura, who is now 22, to become a focus of people with bad intentions.
The tycoon added that the same decision was made by his business partners. Fridman has four children. The youngest is 10 years old, the eldest is 22.
In 2016, Forbes Russia estimated Fridmanâ€™s wealth at $13.3 billion; he is ranked second among the richest Russians. He is the principal owner of Alfa Group, which includes Russiaâ€™s largest private commercial bank Alfa Bank, X5 Retail Group that has a chain of supermarkets in Russia, A1 TV Channel and the LetterOne investment holding.
Source: RT. com