Wealthy tycoon Usmanov's past panoramic villa in Tegernsee: Secret fiscal records expose details of his affluence
Luxury Billionaire Alisher Usmanov Under Scrutiny
Russian tycoon Alisher Usmanov is known for his lush lifestyle and extensive business empire, which spans industries like metals, telecom, and tech. Ranked as the 125th wealthiest individual worldwide with an estimated net worth of $17.1 billion[2], in Russia, he ranks among the top ten richest people, with a net worth of $16.6 billion[3].
Despite his wealth, Usmanov's fortune has been impacted by EU sanctions due to his association with Vladimir Putin and his designation as an oligarch by the EU[1]. To date, a portion of his assets has been frozen under these regulations.
Recent confidential financial records suggest that Usmanov's total income between 2004 and 2020 amounted to approximately 7 billion euros (383.837.390.213.00 rubles)[1]. It's worth noting that Usmanov paid only 6.4% tax in Russia on the income stated in a PwC report, far lower than the regular 13% tax rate[1].
Investigators in Germany suspect that the entrepreneur may have evaded taxes by residing in Germany without declarations from 2016 to the start of the Ukraine conflict in 2022[1]. This possibility raises questions about potential unpaid taxes in the billions[1]. However, Usmanov's lawyer has denied these accusations, stating that his client did not have a residence or permanent address in Germany within the meaning of German tax law[1].
The Munich II Public Prosecutor's Office has been probing Usmanov for tax evasion through multiple investigations, with several searches taking place at 24 locations across various states in autumn 2022[1]. This includes a villa on Lake Tegernsee and a search related to his luxurious private jet, an Airbus A340-300, which was at Munich Airport for over 250 days in 2020[1]. The investigation is ongoing, and the German tax office will likely be keen to uncover any unpaid taxes owed.
- What is the potential issue with Alisher Usmanov, under investigation for tax evasion?
- In what industries does Alisher Usmanov's business empire span, including metals, telecom, and tech?
- Regarding Alisher Usmanov's financial history, how much income did he earn between 2004 and 2020, approximately?
- To what should the German tax office be especially interested in finding, given the ongoing investigation into Alisher Usmanov's tax history? (Answer: unpaid taxes owed)
