My wife and I will keep USD 200 million available as free assets besides the billion and a half. To my children I will leave enough not to lose motivation for full self-realization and development, in which living off dividends may be an obstacle. Such a statement Bidzina Ivanishvili made in the interview to Entrepreneur magazine.

“Billion and a half will be used in full for charity. And this very process started on 30-31 December 2020, when the assets mentioned by you were transferred to the foundation. It is an irreversible process that will continue in installments. My wife and I will keep 200 million USD available as free assets besides the billion and a half. To my children I will leave enough not to lose motivation for full self-realization and development, in which living off dividends may be an obstacle.

My children fully agree with my position, and the decision was made in coordination with them. I am happy that my children are so ambitious and creative, and I am convinced that they will succeed independently from me. Most importantly, I gave them quality education and, equally importantly, total freedom of choice. We wanted them to choose future vocations on their own, because it is just as important to love what you do as it is to succeed. As for my take on excess money, my children and I are on the same page”, - said Ivanishvili.

The former Chairman of the Georgian Dream party handed over about 30 entities to the Cartu Charity Foundation.

The list of entities is as follows: Tbilisi City Ltd, Sololaki Rise Ltd (Project Sololaki), Sololaki Hill Ltd., Tabori Resorts Ltd (Tabori, Golf), Georgian Eco Transport Ltd, Business Development Ltd, Business Development Ltd (Green Cape), Business Development Ltd (Tsikhisdziri), Seaside Ltd (Chakvi), Black Resorts Ltd (Shekvetili Hotel Paragraph), Black Sea Riviera Ltd (Ganmukhuri/Anaklia), Tsisartkela Ltd (51% of shares, Abastumani), Business Center Ltd, Cartu Group Tbilisi, 300 Aragveli Street, Cartu Group Tbilisi, 39a Ilia Chavchavadze Ave, Cartu Group Tbilisi, near Kakheti Highway, Cartu Group Tbilisi, near Tskhvedadze Street, Burji Ltd, Elita Burji Ltd and Isani Cartu territory, Elita Burji Ltd, JSC Laguna Vere Territory and 69 Kostava Ltd, Sea View Resort Ltd, JSC Bolnisi Tuff, Land plots of JSC Didveli, JSC Cartu Bank, JSC Insurance Company Cartu.

The transfer is in progress in relation to Bakuriani Complex and Hotel in Sighnaghi (70% of the share).