Sergei Polonsky is the head of the Mirax Group and he was worth £730 Million in 2008. The company have reportedly stopped construction works, such as the Federation Tower in Moscow, which was set to be completed in 2010. The halting of the company’s assets occurred after a failed payment of $242 million which was loaned to Mirax. He has resorted to selling his luxurious hotel for a bargain, as it’s worth $340 million, in order to steady his financial situation. It appears the economic crisis is more serious than the billionaire brushed off , as speculation suggests Mirax’s current debt is $700 millon. Ouch.
On August - 21 - 2009
[...] Russian Billionaire | InsideLux – The Daily Luxury News & Lifestyle News Source http://www.insidelux.com/2009/08/21/russian-billionaire – view page – cached Luxury news and lifestyle magazine updated daily. InsideLux fashion, property, travel, aviation, boating and luxury gadgets., Sergei Polonsky is the head of the Mirax Group and he was worth £730 Million in 2008. The company have reportedly stopped construction works, such as the — From the page [...]
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