What Has Ruben Vardanyan Spent His Money On? Forbes

In an article titled "What Has Ruben Vardanyan Spent His Money On Amid Allegations of Financing Terrorism?" Forbes explores the projects Ruben Vardanyan has implemented in Armenia. "Azerbaijan accuses Ruben Vardanyan of financing terrorism, creating illegal armed groups, and crossing the border illegally. Forbes outlines the major programs that Vardanyan has funded," the publication states, indicating that Vardanyan’s initiatives have no distant connections to financing terrorism.

The article showcases major educational, tourism, infrastructure, humanitarian, and social projects carried out by Ruben Vardanyan, specifically highlighting the "Tatev Revival" project, the Dilijan International School (UWC Dilijan), and the "Aurora" humanitarian initiative. It is noted that Vardanyan and his partners have invested approximately $700 million in Armenia, Artsakh, and the Armenian world from 2001 to 2023.

In addition to investments in economic development, around $430 million has been directed towards educational programs ($201 million), humanitarian initiatives ($68 million), cultural and historical heritage preservation programs ($20 million), development of areas through tourism programs and infrastructure projects ($108 million), as well as science and technology, advancement, and agroecological projects ($13 million).

The article also presents the impact of significant programs. It mentions that UWC Dilijan, a member of the United World Colleges network, has already produced 820 graduates. Due to their membership in UWC, 160 Armenian boys and girls have had the opportunity to receive an international education. Seventy-four percent of students received partial or full scholarships for their studies. In 2016, Dilijan was included in UNESCO's Global Network of Learning Cities.

Regarding the "Tatev Revival," it is noted that its main goal was to improve the quality of life for the local population through tourism projects. Now, one out of every five tourists visiting Armenia includes the cable car in their itinerary.

Within the framework of the "Aurora" international humanitarian initiative, support has been provided for 427 projects (benefiting over 3.2 million people). The publication highlights that the initiative was established in honor of the survivors of the Armenian Genocide to give thanks to their rescuers. "Aurora" grants support educational and humanitarian projects while preserving Armenian heritage, honoring the memory of the rescuers of the survivors of the Armenian Genocide.

The publication also addresses social, charitable, and cultural heritage preservation projects implemented by Ruben Vardanyan in Artsakh since 2008, stating that total investments amounted to approximately $8 million.