 Despite maintaining an extravagant lifestyle, Tsarukyan's companies post only modest revenues.His Ararat Cement factory —officially the most profitable of his businesses— occupies only the 45th place in the Armenian Statistical Service's annual ranking of tax payers, with tax contributions totaling 1.3 billion drams in 2007 (about US$3.8 million in 2007).In contrast, another smaller Ararat-based plant (which smelts gold ore) paid more taxes despite standing idle during much of 2007 due to a change of ownership.