Prigozhin's Financial Empire on the Brink of Bankruptcy

Companies within Yevgeny Prigozhin's empire are rapidly losing money following the 'chef' of Putin's rebellion and assassination, according to their 2023 financial reports. This is reported by nexta.tv.

Almost all companies owned by Prigozhin experienced losses before his assassination. His 'Concord Management and Consulting' LLC lost 54 million rubles (this is the parent company of 'Concord', which includes catering businesses, construction companies, and media). Prigozhin was the sole founder of 'Concord', while the new owners remain hidden from the records.

Companies under 'Concord' have also become unprofitable, losing nearly 60 million dollars. The total losses of businesses owned by Prigozhin's son, Pavel Prigozhin, exceeded 1 billion rubles. Pavel openly controls four companies, three of which are involved in the construction of business-class apartments and residential complexes in the Leningrad region. These three companies collectively reported losses of 1.1 billion rubles.

Profits are falling for the companies that feed the army, which were overseen by Prigozhin (they are managed by close associates with the same addresses and phone numbers as his personal chefs). While their total profits amounted to 4.7 billion rubles in the first year of the war, this dropped to 1.4 billion rubles according to 2023 results. They face the risk of bankruptcy by 2024.

In contrast, Prigozhin's younger daughter, Veronica's company has reported profits. She is the owner of the 'Red Stars' hotel in St. Petersburg. According to 2023 results, this hotel has nearly quintupled its profits to 23 million rubles.