Lyudmila Kogan transferred all the property from the hereditary mass of Vladimir Kogan, her representative Irina Volina told Forbes. This allows us to estimate her fortune at $ 500 million. In recent years, this is precisely the threshold for entering the rating of Russia's richest businessmen.
Assets of $ 500 million will also allow Lyudmila Kogan to get into the top ten richest women in Russia. In 2019, the state of Lilia Rotenberg, the daughter of billionaire Arkady Rotenberg, was assessed in such an amount. She was in sixth position.
What assets did Lyudmila Kogan transfer?
The basis of the state of Lyudmila Kogan is a share in Uralsib. On Tuesday, the press service of Uralsib Bank reported that Lyudmila Kogan entered into the right of inheritance and received 81.8% of the bank’s shares. Previously, this package belonged to Vladimir Kogan, who, after a long illness, died at the age of 56 in June 2019. Another 11.3% of Uralsib shares is held by its founder and former billionaire Nikolai Tsvetkov, the remaining securities are held by minority shareholders or in free float on the stock exchange.
The capitalization of Uralsib on the Moscow Exchange on December 24 at 13:00 was 33.81 billion rubles. Thus, the value of the stake in Lyudmila Kogan is $ 444 million.
Uralsib went to Vladimir Kogan in 2015, when the businessman won the Contest of the Deposit Insurance Agency (DIA) for the right to reorganize the bank. Uralsib became the first bank in Russia, whose reorganization the Central Bank entrusted to an individual. From the first days, the eldest son of a businessman Evgeny came to work at the bank. Since the reorganization, the bank received from the DIA about 90.5 billion rubles, the repayment of the debt should take place in 2021-2027. On the day of the death of Vladimir Kogan, the regulator’s press service said that he considered the issue of changing the investor relevant, but would consider it after the heirs entered into their rights. Evgeny Kogan now heads the Supervisory Board of Uralsib.
Uralsib is the largest asset of the Koganov family, but not the only one. According to SPARK-Interfax, Lyudmila Kogan is the general director of BFA-Development, and its ultimate owner is the Cyprus offshore Transcrest Ltd (according to the Cyprus register of companies, it belongs to Lyudmila Kogan). According to a friend of the Koganov family, Lyudmila actually controls BFA-development. This was confirmed by her official representative Irina Volina. BFA-Development is building several residential complexes in St. Petersburg, is engaged in the redevelopment of former factories and operates business centers with a total area of 49,000 square meters. m. Among the largest - “Linkor” (26,300 sq. m.), “Nekrasovka, 14” (5,000 sq. m.) and “Uprising, 18” (5,400 sq. m.).
According to Forbes, Vladimir Kogan entered the last rating of the richest businessmen of Russia with an estimate of $ 750 million. Then the Afipsky refinery located in the Krasnodar Territory was the largest asset of the Koganov family. But in the spring of 2019, the Neftegazindustriya company, which owned the plant, sold it to the structures of the Safmar group of Mikhail Gutseriev for only $ 20 million. The symbolic amount of the transaction was explained by the fact that the Afipsky refinery was in distress, and was actually managed by the creditor Sberbank.
Since spring, the value of Uralsib shares has grown more than one and a half times.
Lyudmila Kogan graduated from the Leningrad Civil Engineering Institute, received a second degree at the Law Faculty of St. Petersburg State University. She began her career at the Leningrad State Institute of Design and Technology, in the 1990s she worked as a lawyer in Promstroybank, whose shares were bought up by Vladimir Kogan at the same time.