During the past 20 years, the author has watch China move from being a developing country into an industrial superpower
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photo illustration by Douglas B. Jones
By Yuriy Humber
Russia's tycoons lost billions in the global financial crisis. Their fortunes, though, have revived in the last year as the country's RTS and Micex stock indexes have jumped 120%. That means Russian billionaires are again snapping up art, sports teams, and yachts. But as they settle into their 40s and 50s, they're also making corporate acquisitions with an eye toward creating their legacies. Here are some recent maneuvers by leading Russian magnates, plus estimates of their net worth by Russia's Finans business magazine.