Drea Knufken
Sistema owns major Russian toy store Detsky Mir.
Yevtushenkov owns The System–literally. His holding company AFK Sistema
(“The System”) owns about 200 companies “ranging from microchips to toy stores,” according to Forbes. Sistema calls itself “the largest public diversified financial corporation in Russia and the CIS.” For a less vague interpretation of The System, consider what it owns:
* The Detsky Mir (“Children’s World”) retail chain
* Russia’s biggest mobile operator and major Indian mobile provider MTS
* Massive global tourist operator Intourist
* Many of the payphones and phone stations in Russia
* A number of Russian cable TV stations and advertising networks
* A film studio
* A real estate development company
* A retail bank
* Private hospitals, clinics and ambulances
* A company providing non-government pensions
* A telecom and IT solutions tech company
* A radar and aerospace controls company
* A pharma holding company that produces both high-margin drugs and generics
* An oil network comprised of producers, refiners, oil storage, and filling stations
…and more.
Yevtushenkov may not be the richest man in the world, but he’s definitely one of its emperors.
