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Loaded Russian who said ?those who don?t have a billion can go to hell? is bankrupt

A former Russian Billionaire who once said “those who don’t have a billion can go to hell” has had an ironic twist of comeuppance after having to declare bankruptcy.

Sergei Polonsky, who was worth a paltry $1.2bn, failed to repay a $242 loan because his construction company Mirax Group hasn’t “sold a single square metre of housing or collected any instalement payments” for any real estate they have sold.

During his 2008 rant, where he called all those who hadn’t made a billion in Russia a ‘loser’, he asked reporters not to blow the economic downturn out of proportion, but now acknowledges things have changed.

He still remains optimistic, in the bankruptcy announcement he said: “If we are destined to perish, we’ll do it with our heads up.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .