The retail magnate and portfolio investor, 53, a father of six, was earlier reported to have recovered from coronavirus.
His death came on a festive holiday with his daughter Taisia, 18, and a mystery woman as he was reported to have been going through a divorce with his third wife.
His family said he could not be woken and doctors pronounced him dead.
The cause of death is not yet established.
Sosin was known for his love of lavish parties, yachts, tennis and skiing.
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