Will Russian Billionaires Get Their Yachts Back? - How Money Works | How Money Works

Will Russian Billionaires Get Their Yachts Back? - How Money Works

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European governments have seized over 20 billion dollars’ worth of cash, real estate, and other valuables in the past month as the result of sanctions targeted at wealthy Russian individuals with connections to the kremlin.

I know you have probably all been enjoying this news as much as I have, after all it’s hard to feel bad for billionaires who needed 450 feet of floating compensation, but we still need ask, what happens to these assets now? Do they just go to the governments that took them or will they eventually be given back to their owners?

#HowMoneyWorks #RussianYachts

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------ Keywords: hedge funds, market crash, private equity, financial independence, financial news

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