Kirsan Ilyumzhinov Told How He Became the Millionaire

Время публикации: 27.11.2012 00:22 | Последнее обновление: 27.11.2012 00:25

Kirsan Ilyumzhinov gave an interview to the Russian magazine Itogi and told how he became a millionaire, went into business and then into politics:

- After being reinstated at the institute I got the diploma and started to think where to get a job. After going through many trials and wandering in the state corridors I understood: the old state system has rotten through. I didn't want to work for it. It was 1989 and I felt that the future was in the hands of the newborn class. I was drawn into the world of the real cause, the world of business. The same year a common Soviet-Japanese company Liko-Raduga announced a competition for the vacant position of the manager. These were the requirements: higher education, knowledge of English and Japanese. That was a chance. There were 24 candidates, we passed exams in Russian and English, had interviews and numerous tests on psychological compatibility, reaction, hidden abilities. So, I was chosen. I remember my meeting with the head of the company Mr. Savatari. It lasted for only several minutes, but I saw that he evaluated me and I have left a good impression on him. From that point my life has changed dramatically. I got a monthly salary of US$ 5000, in addition some amount in Russian rubles and percent from every successfully arranged deal. The company also gave me a two-room apartment and a car. It was engaged in selling cars, producing processing industry, organization of exhibition and sale of the paintings, restaurant business and so on and so forth. Meetings, flights, negotiations, competitive activity... I was happy: everything I have leant was in demand  chess logic and memory, discipline, an ability of sleeping for 3-4 hours only and the strength of will. I was striking bargains... I was getting experience quickly, so soon my salary was doubled. I felt like I could do more though: the company avoided risky contracts, making only secure ones. I already had some capital and started doing bank and exchange transactions. My intuition worked well - I earned a lot of money. I've also been on the verge of bankruptcy many times, but I was taking that as an experience. Business is a very interesting game. A year after graduating I already bought Rolls-Royce and a house in Los Angeles; and then I got bored: you earn more and more, but what then? So, I became a deputy at 27. I was the youngest deputy at the Supreme Council. Then I continued in the executive power - the laws have to be implemented. At the age of 31 I became the President of the Republic. That's very interesting! That's why businessmen go into politics."


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