Billionaire Karapetyan Detained in Armenia

Armenian law enforcement agencies conducted a series of searches, resulting in the detention of prominent billionaire Samvel Karapetyan. He is the leader of the opposition party 'Strong Armenia' and one of the most influential business figures in the region.

Assessment of the oligarch's wealth

• According to Forbes magazine, Samvel Karapetyan's personal wealth is estimated at approximately $3.2 billion.

The detained man's business empire includes a number of major assets both in Armenia and abroad. Key enterprises include the development company 'Tashir', the shopping center chain 'RIO', and the financial institution 'Fora-Bank'. Additionally, the entrepreneur owns a portfolio of more than 140 restaurants located in Russia and Armenia.