Author Topic: The Yusupov fortune before 1917 - richer than Romanovs?  (Read 45861 times)

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Offline pookiepie

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Re: The Yusupov fortune before 1917 - richer than Romanovs?
« Reply #60 on: April 19, 2006, 12:33:41 PM »
what about their fashion line Irfe? i far did that go?

Offline Elizaveta

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Re: The Yusupov fortune before 1917 - richer than Romanovs?
« Reply #61 on: October 29, 2006, 08:51:56 AM »
The theory on the Yussupovs being far richer than the Romanovs is quite pausible!

It got me remembering something I've read in "Once a Grand Duchess: Xenia, Sister of Nicholas II"
by John Van Der Kiste. The Romanovs were accustomed to receive many items from stores since they did not do the shopping (ya know, because of their celebrity status and all that jazz...). The Empress was usually the one who went through most items and selected which item she would like to purchase. The author mentioned that since the Romanovs could not afford everything, the Empress had to return more items than she would keep. In this book, there was a story about how Grand Duchess Xenia discovered a beautiful, jewerly-decorated perfume, and she insisted to have it so she could present it to her mother for her birthday. When the Empress received it from Xenia, she instantly remembered how expensive it was and although she kept it for her daughter's sake, she told Xenia's nurse (or lady-in-waiting?) to never allow Xenia to take a peek on all items sent by stores because the family couldn't afford to keep all items Xenia wanted.

So, if Alexander III couldn't afford everything, then neither did his son. The theory sounds pretty good to me.
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Offline JD

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Re: The Yusupov fortune before 1917 - richer than Romanovs?
« Reply #62 on: November 09, 2006, 01:53:10 AM »
It doesn't seem a real conclusion has been reached here. I don't know that there can be one. The Romanov's had theoretically limitless wealth, but when it comes to actually spending it, the Yussupov's (who were filthy stinking rich in their own right) had a much easier time - i.e. they would have been in an enviable position from the Romanov's point of view.

I have no idea how the Romanov's actual personal holdings (I'm mostly talking personally owned land here) stack up to the Yussupov's, but the Tsar (again theoretically) had all of Russia's treasury at his disposal. So I wouldn't be comfortable saying anyone on earth was wealthier than the Romanov's - but the Yussupov's probably did live better.

Offline perfecciona

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Re: The Yusupov fortune before 1917 - richer than Romanovs?
« Reply #63 on: March 24, 2008, 03:44:07 PM »
I know there hasn't been a post in here for awhile but I recently became interested in the Yusuopvs (The Romanovs have been my main interest) anyway, I was curious about Felix's wealth and I did an internet search and this article in Wikipedia came up, it shows a chart listing the richest historical figures based on the Forbes annual list:

It list Tsar Nicholas II as the 3rd richest with 253.5 billion (in today's money) and Felix is way down on the list at number 140 with 14.6 billion.

heres the link to the article:
http://en.wikipedia.org/wiki/Wealthy_historical_figures_2008

Not sure if anyone is still interested but I posted anyway. I thought that Felix's fortune would have been much more, and closer to the Tsar's fortune.




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Re: The Yusupov fortune before 1917 - richer than Romanovs?
« Reply #64 on: March 30, 2008, 03:25:30 AM »
A very interesting article.
I think that the Tsar's wealth was undercalculated as it was probably not possible to value accurately all of his land.
On the other hand, Rockefeller's wealth and the other Americans on the list would have been very easy to calculate.
The rate of exchange between the Rouble and the USD in 1913 was 51.5.  This had appreciated from about  2 roubles to the dollar in the 1890s.  In terms of revenue, the Tsar would have had trouble realizing a revenue from most of his property.  For example his plan for Korea was to harvest its forests but that may not have been the case for his Russian properties, as most of the land was either in remote regions or  inhabited and the amount of rent that could be charged would have been less than the market may have allowed.  The source of income that provided the highest revenue was the sale of vodka.  For a long time, this was a state monopoly but was divested to private interests and taxed later.
   By the way, one of the reasons why there was such a high level of foreign investment in Russia at this time was that the Tsar did not trust Russians and did not want to create a wealthy entrepreneurial middle class.  In the period around 1900 the middle class was about 10% of the population.

Offline perfecciona

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Re: The Yusupov fortune before 1917 - richer than Romanovs?
« Reply #65 on: March 30, 2008, 10:04:08 AM »
thanks for replying. Your post was interesting Constantinople...I don't know anything about the Korea part of the interest. Do you know about the Yusupov wealth? I would have thought Prince Felix's fortune would have been greater, not greater than the tsar of course, but greater than the above article that I posted has him listed with.

« Last Edit: March 30, 2008, 10:07:03 AM by perfecciona »

Constantinople

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Re: The Yusupov fortune before 1917 - richer than Romanovs?
« Reply #66 on: March 30, 2008, 11:20:55 AM »
Just after Russian involvement in the suppression of the Boxer Rebellion in China, Russia began to be interested in expanding into Asia.  They had German backing at this time and annexed the Korean peninsular and part of China.  In the first Russian Japanese confrontation, Russia also gained the Kurile Islands from Japan.  This expansion into Korea was the main impetus for the Russo Japanese war of 1905.

I am pretty sure that the Yussoupov fortune probably would have been closer to 100 billion in today's terms and the Tsar's probably well over 250 but those are guesses.  My hunch was that they were certainly wealthier than Bill Gates is today.  If not they at least had better taste.

Offline Terence

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Re: The Yusupov fortune before 1917 - richer than Romanovs?
« Reply #67 on: March 30, 2008, 03:37:01 PM »
I'm wondering why Felix Yusupov is on the list.  They list Felix as 29 at the height of his fortune, which would be 1916.  His parents were both still living, wouldn't the family fortune be theirs?  I'm sure he had access to plenty, but it seems to me that it should be his mother who was listed.  Yes or no? 

Constantinople

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Re: The Yusupov fortune before 1917 - richer than Romanovs?
« Reply #68 on: March 30, 2008, 03:50:32 PM »
or his father
or you can ask how the hell they managed to calculate Crassus' wealth when there is probably no record of all his assets now or values valued at contemporary values. I think the 1916 figure is a good one as the first revolution was in Feb 1917 and values at that time must have gone through the floor.