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Posted AT 4:52 AM EDT on 25/04/08

From Russia, with snub

Reuters

MOSCOW — Russia's super-rich love to flaunt their wealth. Soon they will have a magazine called Snob to help them. Mikhail Prokhorov - whose wealth is estimated at about $22-billion - plans to spend $150-million setting up a magazine, website and television station called Snob, the general director of the new venture told Reuters this week.

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