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Ex-Banker Builds Billion-Dollar Fortune as Legal Pot Sweeps U.S.

July 17, 2019, 2:39 PM

A former Credit Suisse banker best known for his role in privatizing Russian state assets after the fall of communism is capitalizing on another transformative moment, this time in the U.S.

Boris Jordan, 53, is getting rich from cannabis. His 31% stake in Curaleaf Holdings Inc., the biggest U.S. pot company by market value, is worth more than $1 billion, according to the Bloomberg Billionaires Index.

Boris Jordan
Photographer: Andrey Rudakov/Bloomberg

Jordan’s road to weed wealth started in 2013 when his Moscow-based private equity firm, Sputnik Group, invested in PalliaTech Inc., a medical-device maker. He and his partners spent more than $100 million to ...

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