Silicon Valley is home to many start-up and global technology companies in San Francisco, California, USA.
The wealthiest Russian in Silicon Valley, Yuri Milner, said on Monday he has renounced his Russian citizenship after leaving the country in 2014.
Silicon Valley is home to many start-up and global technology companies in San Francisco, California, USA.
According to a post on the website of Milner’s venture capital business DST Global, the procedure was finished in August.
Following the annexation of Crimea, Milner said in a tweet that he and his family “left Russia for good” in 2014.
When Russia attacked Ukraine earlier this year, DST Global issued a statement denouncing “Russia’s war against Ukraine, its sovereign neighbour,” and his foundation spoke out against “unprovoked and savage assaults against the civilian population.” Milner asserted that he backed up their claims.
Milner is the founder of internet investment firm DST Global, and made a fortune by betting on Chinese tech companies like e-commerce platforms Alibaba (NYSE:) and JD (NASDAQ:).com.
“My family and I left Russia for good in 2014, after the Russian annexation of Crimea,” Milner said in a tweet. “And this summer, we officially completed the process of renouncing our Russian citizenship.”
Financial Eye News reports that Milner has been an Israeli citizen since 1999 and has not visited Russia since 2014, according to a fact sheet on DST Global’s website.
Milner also has no assets in Russia, 97% of his personal wealth was created outside of the country and “Yuri has never met Vladimir Putin, either individually or in a group,” according to the website.