Immortal classics. Anton Drozdov, Head of the Russian Pension Fund, lives on Patriarshie ponds and relaxes on Rublevskoe highway

Immortal classics. Anton Drozdov, Head of the Russian Pension Fund, lives on Patriarshie ponds and relaxes on Rublevskoe highway
The law enforcement authorities are lenient to Drozdov and don’t ask him of the origin of his assets Photo: The CrimeRussia

While ordinary Russians are protesting against the retirement age increase, Anton Drozdov, Chairman of the Management Board of the Pension Fund of the Russian Federation, and his colleagues don’t postpone their dolce vita. Drozdov consistently adheres to this principle – both in personal life and while administering our pension savings.

Guaranteed accruals 

Unlike the times of Mikhail Bulgakov, composers and poets don’t reside on Patriarshie ponds anymore. Instead, the prestigious neighborhood became home for such persons as Vyacheslav Volodin, Chairman of the State Duma, and Anton Drozdov, Chairman of the Management Board of the Pension Fund of the Russian Federation. Both of them live in The Master and Margarita Residential Complex consisting of a single building on Maly Kozikhinsky lane. 

Dwellers of the deluxe home strongly believe that the life expectancy in Russia is steadily approaching 80 years – because the national leadership have set such a task. Anton Drozdov has been residing in the literature-themed building for a while and continuously complaining of the pension fund deficit.

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Home on Patriarshie ponds where the Drozdov family resides

In 2008, the Drozdov family purchased a 7-room apartment with a living space of 335.5 square meters in the elite residential complex on Patriarshie ponds. The Master and Margarita features more humble units as well – but the official’s family literally thinks big. The current price of one square meter in the deluxe building is 1.1–2 million rubles ($16–29.1 thousand). In other words, at a conservative estimate, the apartment of Drozdov is currently worth 369 million rubles ($5.1 million). Of course, 10 years ago, it not that expensive – but the income of Anton Drozdov, who was already in charge of the Russian Pension Fund at that time, was lower as well.  

A year later, Drozdov has honestly disclosed the luxurious residence in his income and asset declaration; according to it, the official had existed on his salary and owned 600 square meters of land and a small structure (apparently, located on that lot). The apartment belongs to his wife Olga Demchinskaya and children. The spouse also owns two parking spaces occupied by two Lexus cars. She has purchased a Lexus LS 460 a year before the relocation to Maly Kozikhinsky lane. There is nothing unusual in this. Ex-Mayor Luzhkov has accustomed us to the matriarchal way of living – a disinterested official is supported by his spouse.  

Drozdov and Demchinskaya have broken the old officials’ tradition. Based on the official information, they never lived in poverty – but definitely could not afford a family nest on Patriarshie ponds. Therefore, their relocation to Maly Kozikhinsky lane is incomprehensible. A year later, in 2009, Olga Demchinskaya has unexpectedly earned 24 million rubles (some $775 thousand at the exchange rate of that period). This was the record income declared by her – in subsequent years, Demchinskaya had earned much less: from 273 thousand to 8 million rubles (some $8–116 thousand). 

It must be noted though that back in 2004, Olga Demchinskaya has earned as much as 65 million rubles (some $2.3 million at the exchange rate of that period) on brokerage services and honestly declared that income. Nikolai Kozlov, owner of Ricom Trust collaborating with Demchinskaya, became a deputy of Drozdov. It can be assumed that the above-mentioned 24 million rubles (some $775 thousand at the exchange rate of that period) are just remains of the former grandeur. However, even 10 years ago, their apartment in The Master and Margarita was worth much more than 65 million rubles (some $2.4 million at the exchange rate of that period).    

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Anton Drozdov, Chairman of the Management Board of the Pension Fund of the Russian Federation

There are more weird details in this story. Prior to the acquisition of a residence of on Patriarshie ponds, Olga Demchinskaya and Anton Drozdov have donated their previous apartment with a living space of 87 square meters to the official's mother – i.e. they hadn't sold it to buy new housing. The apartment belonging to retiree Drozdova is also located in the center of Moscow – at 2 Dolgorukovskaya street. The father of Olga Demchinskaya lives in the same building and in a similar unit. In fact, this is an ideal location for them: 15-minute walk to the children and grandchildren. In a nearby building at 5 Dolgorukovskaya street, the cost of a square meter is 305 thousand rubles ($4.4 thousand) – therefore, Drozdov and Demchinskaya have invested over 53.5 million rubles ($779.7 thousand) into the welfare of their parents.

It is necessary to note that Drozdov's father-in-law has supposedly purchased the apartment on his own – i.e. he is either a working retiree or Drozdov has calculated his pension using some special formula. His spouse Natalia Demchinskaya (Drozdov's mother-in-law) is an ‘ordinary retiree' as well. On the eve of 2010, the wife of Anton Drozdov has donated to her mother a countryside home in the metropolitan area – a lovely mansion with a living space of 617 square meters standing on a lot 3.3 thousand square meters in size with a garage of 128 square meters. The property is located in Nikolino township on Rublevskoe highway. A similar home in Nikolino is currently offered for sale for 310 million rubles ($4.5 million).

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Home belonging to Drozdov’s mother-in-

In fact, the home of Natalia Demchinskaya should cost more because it has an important advantage – good neighbors. For instance, Boris Rotenberg may bear her company – provided that he suddenly decides to return to his native land. However, it appears that in reality, the countryside villa of Demchinskaya senior belongs to her daughter and son-in-law. Olga Demchinskaya has likely donated the property on Rublevskoe highway to her mother to avoid the need to declare it. A home worth 310 million rubles ($4.5 million) combined with an apartment for 369 million rubles ($5.1 million) would be way too much for their humble family.

The law enforcement authorities are lenient to Drozdov and Demchinskaya and don’t question the origin of their assets. After all, Drozdov has to put in place the pension reform. Hopefully, the children of the Chairman of the Management Board of the Pension Fund of the Russian Federation ultimately find a way to legitimize the numerous family assets. The son of Anton Drozdov studies at the Moscow Economic School. The school characterizes Drozdov junior as a financially skilled person. The cost of his education is 1.23 million rubles ($17.9 thousand) per year. The eldest daughter of the Head of the Pension Fund used to study there as well. Upon graduation, she joined the University of St. Andrews in the UK. The cost of education there is 1.5 million rubles ($21.9 thousand) per year.

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The Moscow Economic School is proud of Drozdov junior

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Anna Drozdova

The children's education expenditures consume more than half of the annual income of Anton Drozdov. But members of the official's family don't tighten belts and even treat themselves with lovely purchases. In 2013, Olga Demchinskaya has acquired a Mercedes-Benz GL350 without compromising the education of her children. Even if the financially skilled son is unable to explain the origin of the family wealth, then the daughter studying the history of arts in the UK may do this. After all, any documents can be destroyed, while manuscripts, according to Bulgakov's Woland, don't burn.

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