Who’s funding Martin Engstroem’s new festival?

Who’s funding Martin Engstroem’s new festival?


norman lebrecht

December 03, 2018

Latvian media have been trying to get answers out of Petr Aven, a Russian oligarch banker, as to the extent of his involvement in a new festival started by Verbier founder Martin Engstroem.

Russian Wikipedia has Aven listed as the 19th richest man in Russia. He is half-Latvian and head of Russia’s largest private bank.

And a great philanthropist.




  • Nick2 says:

    Sounds like it will be another shindig for rich corporations and their guests.

  • Luigi Vercotti says:

    Money laundering. Like modern art.

  • Simon says:

    Martin has lived very well on this sort of thing for years. UBS Euros and Dollars flowed for years with little accounting. Disgusting.