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☆ Billionaire investor Yuri Milner relinquishes Russian citizenship
▼ + stars: | 2022-10-11 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: Investor Yuri Milner holds a small chip during an announcement of the Breakthrough Starshot initiative in New York April 12, 2016. REUTERS/Lucas Jackson(Reuters) - Israeli-Russian billionaire Yuri Milner said on Monday he has renounced his Russian citizenship after leaving the country in 2014. Milner is the founder of internet investment firm DST Global, and made a fortune by betting on Chinese tech companies like e-commerce platforms Alibaba and JD.com. “My family and I left Russia for good in 2014, after the Russian annexation of Crimea,” Milner said in a tweet. Milner also has no assets in Russia, 97% of his personal wealth was created outside of the country and “Yuri has never met Vladimir Putin, either individually or in a group,” according to the website.

☆ Yuri Milner, the richest Russian in Silicon Valley, has renounced his Russian citizenship amid the Ukraine war
▼ + stars: | 2022-10-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Billionaire investor Yuri Milner said Monday he has renounced his Russian citizenship. Milner's tech investment firm DST Global condemned Russia's war against Ukraine. The founder of tech investment firm DST Global made the announcement in a tweet. In March, his investment firm DST Global condemned "Russia's war against Ukraine, its sovereign neighbor," according to Bloomberg. DST Global did not immediately respond to Insider's request for comment sent outside of regular business hours.

☆ Spain's startup scene has gone from a desert crossing to a $4 billion burgeoning industry. Now, it plans to cut red tape to birth a new batch of unicorns.
▼ + stars: | 2022-10-11 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

Spanish startups lured a record $4.1 billion from investors in 2021, according to PitchBook. The government hopes its new Startup Law will help birth an array of new unicorns. In 2016, Lucas Carné sold his fashion marketplace startup Privalia for around 500 million euros (around $495 million) in a landmark deal for the Spanish tech ecosystem. Privalia's sale to its enlarged French counterpart Ventee-Privee – since rebranded as VeePee – illustrated just how far the Spanish startup scene had changed in the space of 10 years. Spanish startups secured a record $4.1 billion in 2021 – more than double that of 2020 –, according to PitchBook data.

☆ Billionaire Investor Yuri Milner Renounces Russian Citizenship Amid War
▼ + stars: | 2022-10-10 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

Yuri Milner said Monday that he has renounced his Russian citizenship. Russian-born billionaire Yuri Milner announced Monday that he has officially renounced his Russian citizenship, completing the process in August. “My family and I left Russia for good in 2014, after the Russian annexation of Crimea,” tweeted Mr. Milner, who founded technology investment firm DST Global in 2009. On his website, Mr. Milner said he has been an Israeli citizen since 1999 and his family has lived in California since 2014.

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