Within a week of this conversation, Tinkov said, a firm linked to metals magnate Vladimir Potanin, one of Russia’s richest men and a key supplier of nickel used in military hardware, stepped in to buy the stake. Tinkov told the BBC that the deal valued his holding at just about 3% of its true market worth, wiping out almost $9 billion of the wealth he had built over decades in business.
Former Russian banking billionaire says an Instagram post cost him $9 billion: His company was sold for 3% of its value in ‘hostage’ situation
