Russian billionaire Sergei Pugachev is the owner of the yacht DB9.
Sergei Pugachev is the founder of the International Industrial Bank. Pugachev was once an influential advisor to the Russian Government. He helped to get both Boris Yeltsin and Vladimir Putin elected President of Russia. In 2001, he became a senator in Russia. Next to his duties as a senator, Pugachev was a member of several parliamentary committees, including the Committee on Federal Affairs and Regional Policies. He was also an adviser to the Head of the President’s administration.
In 2011, Pugachev was under investigation by the Russian government for embezzling loans from the government to International Industrial Bank. Pugachev argued the charges were politically motivated and left Russia to live in London and later settled in France.
Pugachev is now a citizen of the Republic of France, has been living in France with his family since the beginning of the 90s, and since 2010 Mr. Pugachev is living in France on permanent basis. Sergei Pugachev and his lawyers believe that the allegations by the Russian authorities targeting Mr. Pugachev are politically motivated and judicially groundless. The legal team is awaiting action proceedings at the International Arbitration Court in the Hague in regards to Mr. Pugachev’s $12 billion compensation claim against the Russian Federation. Sergei Pugachev has his own website, on which some court documents are available.
In these documents Mr Pugachev discloses that he owns two yacht, of which one has been sold. These two yachts are the 170 ft Palmer Johnson DB9 built in 2010 and the 120ft Palmer Johson DB9, built in 2005. In a 2016 article on the Russian Sputnik site, it is mentioned that the yacht DB9 has been seized by the Russian Government.
The net worth of Sergei Pugachev was once estimated at US$ 2 billion.