The Telegram founder reportedly earns only one dirham per 12 months ($0.27), regardless of having a fortune price as much as $15.5 billion
The founder and CEO of Telegram, Pavel Durov, has instructed French investigators that he earns only one Emirati dirham, or $0.27, per 12 months, Le Monde reported on Wednesday, including that the disclosure had puzzled interrogators.
Whereas the tech entrepreneur apparently pays himself virtually nothing, Forbes estimates Durov’s fortune at $15.5 billion, making him the 122nd wealthiest particular person on the planet. Based on the Bloomberg Billionaires Index, which lists Durov in 306th place, his private capital quantities to $9.07 billion.
Regardless of being a billionaire, Durov has fairly ascetic habits, Le Monde reported, noting that his posts on social media have promoted a life with out espresso, alcohol, meat, dairy merchandise, and medicine, in addition to taking ice baths and meditating.
The disclosure about his annual paycheck was reportedly made in response to a query about Durov’s earnings whereas in police custody in Paris on the finish of final month.
In 2017, Durov moved Telegram’s headquarters to Dubai. In an interview with Bloomberg on the time, the Russian entrepreneur, who later grew to become a citizen of the UAE, France, and Saint Kitts and Nevis, mentioned tax exemptions have been behind his determination to relocate to the Center East.
In a uncommon interview with the Monetary Occasions final March, Durov, who’s the only proprietor of the favored Telegram messaging and social media service, mentioned the Dubai-based firm had been valued at greater than $30 billion by potential buyers. He dominated out promoting the platform, however advised he was exploring the potential for a future preliminary public providing.
In August, Durov was detained in France and charged with a number of offenses starting from refusal to cooperate with authorities, to administering a web-based platform allegedly utilized by criminals. The billionaire was later launched on bail of €5 million ($5.55 million). He’s prohibited from leaving the nation whereas the case is ongoing.
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