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Russian billionaire sent his son to the army after being expelled from the university

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The co-owner of the gold mining company Nordgold, the son of Russian billionaire Alexei Mordashov, Nikita went to serve in the army at the insistence of his father after being expelled from the university in the summer of 2020. Forbes writes about this with reference to sources.

According to the publication, Nikita Mordashov entered the Higher School of Economics in the summer of 2019 for a joint program of a Russian university and the London School of Economics. The son of a billionaire studied world politics and world economy. However, at the end of the year, he was among the most lagging students of the course. “The father told him – well then, go to serve,” – said the source. Another interlocutor of the publication noted that Mordashov Jr. did not really like studying according to the program.

Nikita, together with his brother Kirill, received shares in his father’s business in 2019. Alexey Mordashov gave them 25 percent at the TUI tour operator and 65 percent at Nordgold. In total, the billionaire has seven children. The youngest of them – daughter Alina – was born in the summer of 2020. According to the representative of Mordashov, he transferred the assets to his sons so that they could begin to get on top of things and gain experience in managing a portfolio of assets.

Alexey Mordashov is one of the richest people in Russia. According to Forbes, he is the fourth richest person in the country with a fortune of $ 23.5 billion. Bloomberg also places Mordashov in fourth place in its estimates, but estimates his capital at 23 billion.

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