Russian Billionaire's Son Rents $500-A-Month Apartment, Uses Subway

Alexander Fridman, son of Russia’s 11th-richest person reportedly rents a modest two-room apartment worth $500 a month and uses subway to travel to work. 19-year-old resides in outskirts of Moscow and les a simple life despite his far Mikhail Fridman who has a whopping $13.7 billion fortune according to Bloomberg Billionaires Index.

He eats, lives and dresses in everything that he has earned himself

Alexander told media that he eats, lives and dresses in everything that he has earned himself and would despise flaunting his far’s money. Alexander Fridman reportedly gruated last year in London and ventured out to begin a start-up of his own set up independent of his far’s business by name SF Development, a distributor firm with only 5 employees.

19-year-old started his own firm with 5 employees

Alexander reportedly said that he was refraining from any interference from his far in his profession and wanted to benefit from his connections. He said that he did t intend to seek financial support or tap on privileges of being a son to a billionaire.

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19-year-old is distributing his firm’s finished goods to his far’s retail shops in dition to or clients and said that his company focuses on manufacturing quality as clients would t put goods on shelves just because he is owner’s son.

Contrary examples

Contrary to Alexander Fridman’s example, a Beijing court h reportedly frozen assets of a billionaire’s son named Wang Sicong last year for t paying over 151 million yuan (US$21.4 million) debt he owed to bank. court h ordered to restrict excessive luxury spending by Wang Sicong and h sealed off his properties, cars and bank accounts over financial dispute, as per reports. Wang was reportedly rewned for playing golf, buying expensive and luxurious property, and staying in upmarket hotels.

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