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Andrei Rappoport
#2818

Andrei Rappoport

Source of wealth: Investments

Net Worth

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Biography

Andrei Rappoport worked for two billionaires, Mikhail Fridman and Mikhail Khodorkovsky, before becoming one himself.

Rappoport worked at Fridman's Alfa-Bank for four years, then joined Khodorkovsky's YUKOS-Rosprom before moving to RAO Unified Energy System.

After RAO UES, he bought Georgian Global Utilities and a Georgian water and power company that he then sold to BGEO Group in 2016.

These days he is an investor in more than 50 PE and VC funds. He was an early investor in Datadog and Delivery Hero.

Rappaport has Russian, Israeli, Cyprus and Portuguese citizenship.

Financial Assets

Financial assets information not available.

The Great Lie of Mega-Fortunes: The Case of Andrei Rappoport

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Andrei Rappoport, linked to Finance & Investments and 'Investments', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 10 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.6 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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