THE SYDNEY MORNING HERALD: Russia's super-rich love to flaunt their wealth. Soon they will have a magazine called Snob to help them.
Mikhail Prokhorov - whose wealth is estimated at around $US22 billion ($A23.3 billion) - plans to spend $US150 million ($A159 million) setting up a magazine, website and television station called Snob, the general director of the new venture said.
"It's for people who are successful and those who want to be successful," said Andrei Shmarov, who will run Snob.
Prokhorov, 42, made his fortune in the chaotic 1990s when businessmen bought up parts of former Soviet industries for a fraction of their real value.
The Forbes Rich List ranked Prokhorov as the 24th richest person in the world. He is one of the owners of Norilsk Nickel, the world's biggest nickel producer, and Polyus Gold, Russia's biggest gold producer. Billionaire Sets Up Mag for Snobs >>> | April 24, 2008
The Dawning of a New Dark Age (Paperback - UK)
The Dawning of a New Dark Age (Hardback - UK)
