Credit: Ho-Chun Herbert Chang
This data visualization of nearly 80,000 financial intermediaries (yellow) and their ultra-wealthy clients in Russia (red), China (purple), Hong Kong (green), and the United States (blue) shows how wealth is concentrated in a few offshore wealth managers. Russian oligarchs especially tend to rely on experts with smaller client lists to ensure secrecy, which makes their fortunes more vulnerable to sanctions against a few key intermediaries.