A Roman Retreat?

OLEG KOROLEV/VEDOMOSTY-AP

Khodorkovsky remains jailed on embezzlement charges.

It's a tale of two tycoons, and it tells you everything about the state of Russia today. Earlier this year, Roman Abramovich, the Russian oil magnate and Governor of the desolate Arctic region of Chukotka, was worth an estimated $5.7 billion — second only to Yukos oil baron Mikhail Khodorkovsky's $8 billion. Both men leapt from rags to riches in the giddy, shady privatization era of the early 1990s — and their companies agreed to merge last April — but their lives have since diverged. Khodorkovsky, 40, is now in jail, charged with embezzlement and tax evasion in what many call...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!