Two more Russian Forbes list billionaires cut ties to motherland, renouncing citizenship
Andrey Baronov and Ratmir Timashev (Photo: DR/Forbes)

Two Russian businessmen who were on the Forbes list renounced their Russian citizenship, namely the founders of the American IT companies Veeam Software and Object First Andrey Baronov and Ratmir Timashev, the publication writes.

They have been living abroad for a long time: Baronov – in Switzerland, and Timashev – in the United States. They handed in their passports at the Russian embassy in the Republic of Cyprus, and now they only have the citizenship of this state.

"I am a private person and I never make public comments, especially about politics. I make a rare exception because I am deeply affected by the Russian war in Ukraine. I have officially submitted all the documents necessary to renounce Russian citizenship," Baronov wrote on LinkedIn last year, after submitting documents for withdrawal from Russian citizenship.

He officially ceased to be a citizen of Russia in December 2023.

Tamishev lost Russian citizenship in January 2024.

Before that, seven billionaires renounced Russian citizenship:

→ former partner of Alisher Usmanov, Vasily Anisimov ($1.6 billion);
→ founder and main owner of Freedom holding Timur Turlov ($2.4 billion);
→ founder of investment company Troika Dialog Ruben Vardanyan ($1.3 billion);
→ founder of the DST Global investment company Yuriy Milner ($7.3 billion);
→ Revolut founder Nikolay Storonsky ($7.1 billion);
→ founder of the energy company Areti Igor Makarov ($2.2 billion);
→ founder of Tinkoff Group, Oleg Tinkov ($0.86 billion after the sale of Tinkoff Bank).