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How Russian billionaire Berezovky lost his billions

London, Mar 26:  How do you burn through billions?The unexplained death of Boris Berezovsky, whose body was found Saturday inside his upscale English home, has refocused attention on the fantastic wealth racked up by Russia's

India TV News Desk Updated on: March 26, 2013 17:10 IST
THE BILLS PILE UP



Berezovsky often expressed a fondness for Britain's legal system, despite his frequent and expensive encounters with it. A search of British court records throws up roughly three dozen judgments—libel, fraud, divorce, breach of contract—involving the tycoon in some way.



Berezovsky sued a business associate over a fraudulent loan. Other business associates sued him over a botched oil deal. Berezovsky sued Forbes over an unflattering profile. He sued Russian television for suggesting he had a hand in the poisoning death of ex-Russian KGB officer Alexander Litvinenko. His second wife sued him for a divorce.

His girlfriend sued him for a house he'd promised her. He sued the wife of his long-time partner, Badri Patarkatsishvili, in a complicated dispute over how to split the man's assets after his death.

The sums involved were staggering. The loan deal was worth $5 million. His second divorce settlement in 2011 reportedly cost him 100 million pounds (about $154 million at the time). Patarkatsishvili's assets could be worth hundreds of millions more.

The biggest lawsuit of all, against Abramovich for breach of contract and blackmail, was for a mind-boggling $5.6 billion.

Berezovsky lost the lawsuit against Abramovich last year and the judge involved stopped just short of calling him a liar. He was stuck with tens of millions of pounds in legal bills.

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