Sergei Pugachev for Russian Forbes
19 December, 2014
Nick photographed the carasmatic Sergei Pugachev for Russian Forbes Magazine.
If you have never heard of Pugachev here is a little bit about his rise and fall in Russia.
Sergei Pugachev rose to prominence during the 1990s as a friend of Russian presidents Boris Yeltsin and Vladimir Putin, becoming a trusted lieutenant of Putin. He set up the doomed Mezhprombank in 1992 and soon became one of the country’s most powerful and richest businessmen. When the financial crisis hit, Mezhprombank defaulted on its debts and lost its banking license after receiving a 40-billion-rouble (£800m) bailout from Russia’s central bank. A court in Russia declared the bank bankrupt in November 2010 and opened a criminal case in January 2011.
Pugachev left Russia, where he was charged with embezzlement. He has lived in London since 2011.
To see the full feature go to, www.forbes.ru