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Why Russian Billionaire's Son Rents $500-A-Month Apartment, Uses Subway

Thursday, January 30, 2020, 8:19 AM

You wouldn't know that Alexander Fridman is the child of Russia's 11th-richest person. He rents a two-room flat on the outskirts of Moscow for $500 a month and uses the subway to get to work. "I eat, live, sleep, dress in everything that I earned myself," said Fridman, 19, whose father, Mikhail Fridman, has a $13.7 billion fortune, according to the Bloomberg Billionaires Index.