Russia’s richest man, Mikhail Prokhorov, has moved his official address from Moscow to the remote town of Yeruda in Siberia’s Krasnoyarsk region.

A move that will see his tax contribution go to the local budget, regional authorities said.

The village of Yeruda has the largest gold field in the Kranoyarsk Territory, operated by Polyus Gold, controlled by Prokhorov, who reached the top of Russia’s rich list earlier this year with net wealth of $9.5 billion.

However, Prokhorov, who made headlines in Europe last summer with his purchase of a mansion on the French Riviera for 500 million euros, is unlikely to relocate to the Siberian village.

Source: RiaNovosti