Death in the Russian Oligarchy

War in Ukraine

A pattern of things to come? — Maybe not

Reading through the list of Russian oligarchs that have died since the invasion of Ukraine brought visions of the Romanovs. Though sanctions are putting pressure on Russian wealth, the weight of this news begins to fade under closer inspection.

At age 60, it appears Leonid Shulman committed suicide due to pain in his broken leg. He was wearing an Ilizarov apparatus, a sort of circular frame that serves as a cast, which can be a lengthy and painful process. I would have had access to pain medication but we do not know his mental condition at the time.

Shulman was the head of the transport service of Gazprom Invest and was on sick leave before the invasion of Ukraine. Transport service is not Uber, it manages contracts for fleet maintenance and there were investigations at the time into overpricing and possible kickbacks.

The net worth of Shulman is not known but is most likely in the low millions.

Another Gazprom employee, this one was in charge of corporate security and previously, human resources. He was found by his gardener hanging in the garage near a note, the contents of which have not been disclosed. With a $25 million net worth, Alexander Tyulyakov is not what I would consider an oligarch and should not be confused with the Gazprom financial officer, Alexander Tyuliakov.

The Ukrainian-born Russian was found hanging in the garage of his home in the U.K. by his gardener. Originally named Mikhail Tolstosheya, he had a net worth of about $32 million. A long way from being in the Kremlin billionaire boys club but tied tightly enough to Russian oil and gas assets to get crushed by the sanctions. At 66 he must not have relished a pensioner’s future.

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