Magnates prefer minerals

Iron, nickel, copper, gas and oil –quite apotent mix. And if you add tothis combination anamenable state and thegood favour of decision-makers, you can set up companies with incomes comparable totheGDP of many countries. This is theRussian way, down which most of theoligarchs have gone. And some of them also believe in thereal estate and construction industriesEmil GóreckiT                            As arule, thefortunes of Russian and Ukrainian moguls grew out of themetal and mining industries. Real estate is asecondary business that they turned tolater, in order todiversify their portfolios. Esta Holding, part of theSystem Capital Management (SCM) group owned byUkraine   football club. Real estate is one of many activities of SCM, after theraw material, telecommunication and power industries. Initially, internal company SCM Estate dealt with servicing thereal estate that belonged totheholding; however, at theend of 2007, it grew in prominence. No