![Russian Oligarchs Take Manhattan](https://cdn.magzter.com/1430147033/1648122879/articles/Ov-eKc3l41648454627286/Russian-Oligarchs-Manhattan-Russian-invasion-Putin-Corruption-Task-Force-KleptoCapture-Worlds-001-Sandy-Weill-Citigroup-Dmitry-Rybolovlev-Billionaires-Row-FinCen.jpg)
Russia's invasion of Ukraine has shone the spotlight on a small coterie of fabulously rich Russians with ties to President Vladimir Putin. Many of these so-called oligarchs amassed great wealth through the privitazation of state assets after the collapse of the Soviet Union in the early 1990s. Some played a role in Putin's rise to president in 2000, though he subsequently clipped their influence on politics while allowing them to thrive. They've continued to do so despite the sanctions imposed when Russia annexed Crimea in 2014. The invasion of Ukraine has triggered condemnation of Putin and made his rich friends pariahs. The U.S., Europe and others have vowed to seize their big bank accounts, fabulously equipped yachts and fantastically overpriced real estate—much of which casts a long shadow over New York City, as NEWSWEEK contributor Adam Piore documents in his book, THE NEW KINGS OF NEW YORK: RENEGADES, MOGULS, GAMBLERS AND THE REMAKING OF THE WORLD'S MOST FAMOUS SKYLINE (The Real Deal, May). In this adaptation, he tells how the oligarchs reshaped the city's skyline and how U.S. authorities are in pursuit.
THROUGHOUT THE LATE 2000S AND EARLY 2010S, the growing presence of fabulously wealthy Russian oligarchs in high-end housing markets such as Manhattan, Miami and Los Angeles was the real estate industry's worst-kept secret. Although many eschewed publicity, they weren't hard to spot. They often arrived by private jet and pulled up to luxury buildings around town in cars that cost more than most two-family homes, along with entourages of bodyguards, assistants and traveling maids. They inked purchases so eye-popping that some of them inevitably made the newspapers.
This story is from the April 01 - 08, 2022 edition of Newsweek Europe.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 01 - 08, 2022 edition of Newsweek Europe.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
![An integrated model for water management](https://reseuro.magzter.com/100x125/articles/9708/1814816/JqkCv9v2c1725020825030/AN-INTEGRATED-MODEL-FOR-WATER-MANAGEMENT.jpg)
An integrated model for water management
Alkhorayef Water and Power Technologies has deep expertise and synergistic capabilities across the full water and wastewater value chain
![Investments that are transforming life in Saudi Arabia](https://reseuro.magzter.com/100x125/articles/9708/1814816/FQFlImYxb1725020470621/INVESTMENTS-THAT-ARE-TRANSFORMING-LIFE-IN-SAUDI-ARABIA.jpg)
Investments that are transforming life in Saudi Arabia
Abdullah Al Othaim Investment Company is creating distinctive destinations and experiences that encompass multiple sectors
![A Kinder and Gentler Nick Cave](https://reseuro.magzter.com/100x125/articles/9708/1814816/oA8gkyrML1725020342872/A-KINDER-AND-GENTLER-NICK-CAVE.jpg)
A Kinder and Gentler Nick Cave
After a period of personal upheaval, the famed Bad Seeds singer returns with the vibrant and optimistic 'Wild God'
![Fleeing War and Scams](https://reseuro.magzter.com/100x125/articles/9708/1814816/EhaixSI8L1725019727086/FLEEING-WAR-AND-SCAMS.jpg)
Fleeing War and Scams
Newsweek spoke to three Ukrainians who have been targeted by \"sponsors\" trying to profit from applicants seeking refuge in the U.S. via a humanitarian scheme
![Is 'The Squad' Splintering?](https://reseuro.magzter.com/100x125/articles/9708/1814816/Fpq2lcw-E1725019627217/IS-THE-SQUAD-SPLINTERING.jpg)
Is 'The Squad' Splintering?
The progressive group of Democrats lost two members in recent primary defeats and its leader is tilting mainstream. What now?
![CASH CRUNCH](https://reseuro.magzter.com/100x125/articles/9708/1814816/GLORocuJG1725019238177/CASH-CRUNCH.jpg)
CASH CRUNCH
Leaders, including President Joe Biden, have hailed the strength of the U.S. economy. But middle-class Americans told Newsweek
![Aunjanue Ellis-Taylor](https://reseuro.magzter.com/100x125/articles/9708/1807344/hCYkhRWv01724404625940/AUNJANUE-ELLISTAYLOR.jpg)
Aunjanue Ellis-Taylor
The reality is most things that I've done, I rarely talk to women on screen. And it gets a little tired.
![Nick Jonas](https://reseuro.magzter.com/100x125/articles/9708/1807344/lNPYuzm-P1724404501966/NICK-JONAS.jpg)
Nick Jonas
I have a big imagination. I'm very ambitious and want to do it all. And thankfully, I get to.
![Tour de Force](https://reseuro.magzter.com/100x125/articles/9708/1807344/k2vu9wZ5Z1724404159114/TOUR-DE-FORCE.jpg)
Tour de Force
One of the best live acts around, Swedish rock titans The Hives talk to Newsweek ahead of their U.S. headline concert dates about opening for Foo Fighters and nearly collaborating with André 3000
![Mummy's Dark Secret](https://reseuro.magzter.com/100x125/articles/9708/1807344/qqRceW08i1724403903267/MUMMYS-DARK-SECRET.jpg)
Mummy's Dark Secret
Research into the body of a woman buried 3,500 years ago in Egypt may reveal the painful truth behind her facial expression.