‘This is not the time to buy yachts’: Ukrainian billionaire Mohammad Zahoor calls on super rich to help more

Ukraine’s richest expat has called on Europe’s wealthy elite to do more to help support the country’s fight against Russia.

Pakistan-born billionaire Mohammad Zahoor, who currently lives in Hampstead, north London, says he has spent the best part of £100m on helping Ukrainian soldiers and refugees.

The 67-year-old has covered the costs of millions of items of body armour, helmets and night vision goggles for Ukrainian soldiers, as well as second-hand SUVs for the country’s forces. He has also hired large hotel complexes to house refugees fleeing the war.

But he says Europe’s super rich need to go further if Vladimir Putin is to be defeated.

Asked what fellow billionaires should be doing, he told i: “They have super responsibility. They have double responsibility. This is not the time to buy yachts, or airplanes or enjoying the life, this is the time to give it back.”

“I would not have used this money somewhere else,” he said, speaking from his London mansion. “But when it comes to Ukraine, the country you love, the country you think is your second home, then it doesn’t matter, actually, how you feel. You feel like spending that money because you have to.”

The steel magnate moved from Karachi, Pakistan, to the Soviet Union as a teenager to access university. After qualifying as an engineer, he worked for a steel factory which he went on to buy, eventually selling a string of factories for a reported $1bn in 2009.

Related Article

‘this is not the time to buy yachts’: ukrainian billionaire mohammad zahoor calls on super rich to help more

The Vera Lynn of Ukraine who went from a life of billionaire luxury to singing for troops on the frontline


The Vera Lynn of Ukraine who went from billionaire luxury to singing for frontline troops

Read More

He used some of his wealth to acquire the Kyiv Post, the English language newspaper and the country’s most prominent in favour of closer ties with Europe.

He said: “We have sent millions of pieces [of equipment]. One body armour costs about $600 to $800, so you give like one hundred pieces to a battalion, it’s a lot. We give SUVs, they’re also needed. And on top of that we are collecting donations around the world – from Poland, Germany [and] Ukraine.

“This war is not only about Ukraine. This war is being fought on the border of EU, so it’s a war of Europe in fact.

“Maybe some of those are not doing enough, but there’s a lot of people doing a lot. I am not talking only about billionaires, there’s a lot of normal people doing a lot.”

A five star hotel Mr Zahoor owns in central Kyiv is now used by soldiers as a look out for Russians on the move.

“We have given our properties there to the army as well. The Russians are quite close, so there are snipers sitting on the top now. We have given our vehicles which were there to the locals, to territorial defence teams.”

The steel magnate says the cost of keeping his businesses afloat in Ukraine exceeds the considerable costs of donations to the front line. However, the exact sum he has spent remains unknown.

“When the war is over, we will sit down and audit how much we have lost and donated.”

News Related


Telegraph faces sale after UK lender takes control of owners

(Reuters) – The Telegraph group of newspapers could be sold after the Bank of Scotland appointed receivers for shares of the publisher’s owners who failed to repay loans by the ... Read more »

Hedge fund founder swells Tory coffers with £1m donation

The hedge fund founder Alan Howard has delivered a boost to Conservative Party coffers with a £1m donation as political fundraising intensifies in the run-up to the next general election. ... Read more »

US East Coast blanketed in hazardous smog from Canadian wildfire

US East Coast blanketed in hazardous smog from Canadian wildfire Schools across the US East Coast canceled outdoor activities, commercial airline traffic was slowed and millions of Americans were urged to stay ... Read more »

Nature lovers visit new wildlife garden in Oxfordshire

Nature lovers visited the new wildlife garden at Sutton Courtenay Environmental Education Centre for a free open day on Saturday, June 3. The garden, which uses recycled materials, features a raised ... Read more »

Bowen's last-minute winner clinches ECL glory for West Ham

Declan Rice lifts the trophy after West Ham win the Europa Conference League Jarrod Bowen’s last-minute goal clinched Europa Conference League glory for West Ham with a dramatic 2-1 victory ... Read more »

Doctor Who legend Bonnie Langford confirms return to BBC series

Bonnie Langford will be starring in series 14 of Doctor Who alongside new Time Lord Ncuti Gatwa who is the show’s fifteenth Doctor. She made her Doctor Who debut in ... Read more »

Searching For A Mermaid Wedding Dress? We Have The Best Inspiration And Styles To Shop

Undeniably, the mermaid wedding dress goes down as one of the most flattering silhouettes in history. Captivating brides for decades, with its form-fitting silhouette and (literal) flair, it’s quite simply ... Read more »

Mesmerising drone footage shows New York skyline blanketed in orange haze

Drone footage shows orange haze illuminating New York skyline .00_00_58_07.Still001.jpg Aerial footage captured above New York City shows an orange glow illuminating the skyline as smoke poured south from Canada’s ... Read more »

Developers pledge new care home will not stretch health services in booming part of Preston

Architects have revealed plans for a new 72-bed care home in the middle of a booming housing site in the north west of Preston. Developers pledge new care home will ... Read more »

Max Verstappen 'from another planet' says Red Bull boss Helmut Marko

Red Bull advisor Helmut Marko has sung Max Verstappen’s praises after the Dutchman’s dominant display at the Spanish Grand Prix, claiming to have witnessed a “superiority we’ve never seen before”. ... Read more »

Nutritionist's 'great method' to reduce bloating and lose weight 'without going hungry'

Excited Caucasian woman cheering on weight scale Gut health expert Michelle Geraghty Horns explained that there are “a number of sustainable and long-term diet changes you can make to achieve ... Read more »

Bard update improves reasoning skills, enables Google Sheets export function

null What you need to know Google Bard update makes the chatbot better at answering prompts. This includes answers to questions like “Calculate the growth rate of my savings.” Bard ... Read more »

Raspberry Pi Night Vision Goggles Let You See at Night

null You don’t have to be a secret agent to have wanted night vision goggles at some point. Maybe it’s the limitations of being human that make us want to ... Read more »

El Salvador slashes size of Congress ahead of elections

FILE PHOTO: El Salvador’s President Nayib Bukele marks his fourth year in office, in San Salvador By Nelson Renteria SAN SALVADOR (Reuters) -El Salvador’s president signed into law an electoral ... Read more »

Olympic silver medallist and Commonwealth champ McFarlane dies aged 63

Mike McFarlane and Allan Wells crossed the line together in 200m final Despite 20 minutes of studying the photo finish they couldn’t be separated  They were both awarded gold medals ... Read more »

Best savings rates 2023: Top 10 easy access accounts paying high interest now

Man smiling online banking With savings accounts currently paying some of the highest interest rates seen in decades, Britons are being urged to take advantage of them while they can. ... Read more »

Who is Jane Kerr; the former journalist for the Daily Mirror set to take the witness box after Prince Harry?

Jane Kerr is said to be responsible for 10 of the 33 newspaper articles admitted as evidence during Harry’s session at the London high court. Who is Jane Kerr; the ... Read more »

Monaco star agrees to join Man Utd after talks over £43m deal

Axel Disasi has reportedly agreed to join Manchester United this summer (AFP via Getty) Manchester United are closing in on a move for Monaco centre-back Axel Disasi, according to reports ... Read more »

Earth's highest, coldest, rarest clouds are back. How to see the eerie 'noctilucent clouds' this summer.

Noctilucent clouds form when water vapor freezes onto dust particles left by meteoroids high in the atmosphere. Look up an hour or two after sunset and before sunrise over the ... Read more »

Sergio Ramos sends message to Harry Kane over Real Madrid transfer

Sergio Ramos says Harry Kane is the perfect fit for Real Madrid (Reuters/Getty) Sergio Ramos has urged Harry Kane to join Real Madrid ahead of Manchester United this summer. United ... Read more »

NBA owner ends big-money college NIL deal

Phoenix Suns owner Mat Ishbia New Suns owner Mat Ishbia is a big supporter of Michigan State, but he’ll no longer support individual athletes financially. Ishbia and his company, United ... Read more »

At least 42 dead and thousands displaced after flooding in Haiti

At least 42 dead and thousands displaced after flooding in Haiti At least 42 people were dead and 11 missing in Haiti after heavy rains at the weekend triggered flooding ... Read more »

Man Utd face work permit problems in transfer pursuit of talented USA teenager

Brian Gutierrez has reportedly been eyed by Man United Manchester United will need to overcome work permit rules if they are to bring talented Chicago Fire playmaker Brian Gutierrez to ... Read more »

Extinct human relative buried their dead 100,000 years before modern humans did, study claims

Using bone scans, paleoartist John Gurche spent around 700 hours making a reconstruction of Homo naledi’s head. The extinct human relative Homo naledi, whose brain was one-third the size of ... Read more »

Rice AGREES terms, Messi STOPS negotiations and Pochettino's first signing: FootballTransfers recap

Declan Rice, West Ham, 2022/23 Monday gave us plenty of FootballTransfers exclusives. Plus, Messi made a huge intervention in the negotiations with Al-Hilal and the first signing of the Mauricio ... Read more »

UK car industry enjoys longest period of growth for eight years

The car industry has clocked up its longest period of growth for eight years. But data shows that the electric vehicle (EV) revolution is still being held back by a ... Read more »

‘Best thing' to use to ‘instantly' whiten socks that are covered in ‘grubby' stains

While losing socks in the laundry is a conundrum many might never find the answer to, Mrs Hinch fans have come up with an effective and cheap hack for getting ... Read more »

Children’s doctors call for ban on disposable vapes

Vaping study Paediatricians have warned that “youth vaping is fast becoming an epidemic among children” as they called on the Government to ban disposable vapes. In response to the Government ... Read more »

Christian Pulisic speaks out on potential Chelsea exit this summer

Christian Pulisic admits his future at Chelsea is uncertain (Shutterstock) Christian Pulisic has refused to rule out the possibility of leaving Chelsea this summer following a ‘really tough season’ at ... Read more »

Two drones fall on highway in Russia's Kaluga region - governor

(Reuters) – Two drones fell on a highway in Russia’s Kaluga region that borders with the Moscow region to its north, with the local governor saying on Monday there was ... Read more »
Kênh kiến thức kỹ năng, phát triển bản thân, hướng nghiệp, blog nhân sự