Dmitry Rybolovlev invested half a billion dollars in US startups

Former owner of Uralkali and possible investigator of the investigation of Robert Mueller Dmitry Rybolovlev for several years invested several hundred million dollars in American startups related to biotechnology and medicine.
The Bell
Origin source
As it became known to The Bell, Rybolovlev was the main investor of the American fund Apple tree partners, which specializes in investments in biotechnology and medicine. The total investment of the fund is $ 1.5 billion, of which more than $ 500 million is money from Rybolovlev, the source familiar with the work of the fund, a source engaged in investments in biotechnology projects, told The Bell and confirmed the head of one of the companies that is engaged in similar investments in the US .

In the portfolio Apple tree partners - companies that develop drugs for the treatment of oncology, bronchial asthma, drug opioid dependence, ophthalmic and genetic diseases, etc. Representative of Rybolovlev Dmitry Chechkin said that he can not comment on the investments of family office.

Most of the Foundation's projects are still at an early stage, but $ 1.5 billion is a large sum for this sphere. The total volume of investments of the average fund in this industry is about $ 500-700 million, says Anton Gopka, head of the American biotechnology fund Atem. Profitability of successful funds with a similar profile, he estimates about 20% per year.

Investments of Rybolovlev in the US can be risky, given that the businessman himself, according to Bloomberg, is a suspect in the investigation of special prosecutor Robert Muller about possible Russian intervention in the elections in the US. The representative of Apple tree partners did not answer questions from The Bell about this.

US sanctions

The fact that the special prosecutor Müller is studying the purchase of Rybolovlev's mansion in 2008 by Donald Trump's mansion in Palm Beach, last summer was written by Bloomberg. The amount of this transaction was a record at that time $ 95 million, while Trump himself paid $ 41 million for this property in 2004. The results of Muller's investigation are not yet available. A Rybolovlev after the sale of "Urakalia" made a number of other expensive acquisitions - for example, he became the owner of the football club Monaco and the Greek islands that belonged to the billionaire Aristotle Onassis.

In addition, Rybolovlev - along with 95 more participants of the first hundred Russian Forbes - entered the so-called "Kremlin report", compiled by the US Treasury. Sanctions against its participants are not automatically extended, but it was drawn up precisely to analyze which Russian businessmen can get on the sanctions lists. Four months after the publication of the report, the United States imposed sanctions against Oleg Deripaska, Viktor Vekselberg, Suleiman Kerimov and Andrei Skoch.

Many other Russian businessmen invested in various start-ups in the US, despite the fact that Vladimir Putin at least twice warned them not to leave money in the US because of the risk of sanctions. Viktor Vekselberg alone invested about $ 1 billion in US funds - we wrote about it here in detail.

Rybolovlev has been interested in the topic of medicine for a long time already - back in 2006 Vedomosti wrote that he was investing in biotechnology companies in Switzerland. The state of businessman magazine Forbes estimates at $ 6.8 billion.