The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

Four pop stars and a wedding

Paying a pop star to perform at your wedding is so underwhelming. At least, this seems to have been the thinking behind 33-year-old Russian billionaire Andrei Melnichenko's decision to employ not one but four during his nuptials to model and former Miss Yugoslavia Aleksandra Kokotovich in Antibes, France, last month.

Top earner at the event was American singer Christina Aguilera, who received a rumoured $3 million for performing just two songs, alongside other stars including Whitney Houston and father and son singers Julio and Enrique Inglesias.

Although electing to get married on the Côte d'Azur rather than at home, the MDM Bank founder did not entirely forget his homeland. Instead he had a Russian chapel dismantled and shipped, stone by stone, to France for the ceremony.

Guests at the wedding, estimated in some parts of the Russian press to have cost as much as $40 million, included Russian president Vladimir Putin and Chelsea FC owner Roman Abramovich, underlining Melnichenko's impeccable connections.

Russia's youngest billionaire established MDM Bank – today Russia's second-largest private bank – in 1993. As principal shareholder of the MDM Group, he has also accumulated substantial stakes in Russian electricity generator UES.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree