Viktor Vekselberg



Viktor Felixovich Vekselberg (born 14 April 1957) is a Ukrainian-born Russian businessman. He is the owner and president of Renova Group, a large Russian conglomerate. According to Forbes, his fortune is estimated at $13.6 billion, making him the fourth richest person in Russia, as of August 4, 2015.
Vekselberg is close to the Moscow Kremlin, overseeing projects to modernize the Russian economy.

Viktor Vekselberg studied at the Moscow Institute of Railroad Engineering in the 1970s. He made his first million selling scrap copper from worn-out cables. He led Russia's first successful hostile takeover in 1994, when his Renova firm took control of the Vladimir Tractor Factory and installed a Russian-born Harvard M. B.A. to run it. He later bought several medium-size aluminum smelters and bauxite mines, united them into $1 billion (sales) Sual Holding in 1996. That group eventually became part of one of the world's largest aluminum producers, UC Rusal, in which he still has a stake. Vekselberg got $7 billion in cash when he and his partners sold their 50% stake in joint oil venture TNK-BP to state-owned Rosneft in 2013. He invested some of the proceeds into companies like Swiss industrial firms Sulzer and Oerlikon, Swiss steel company Schmolz+Bickenbach and Italian firm Octo Telematics, which makes software for insurance companies. Vekselberg owns a large art collection, including nine Faberge eggs he bought from the Forbes family for $100 million.
 

Rusal asked the government for electricity benefits

Business23.04.2018

The demand of the company Oleg Deripaska and Viktor Vekselberg explained by US sanctions.

Fateful assets of Viktor Vekselberg

Business22.04.2018

What does the Russian oligarch own in the US and what will it be for him because of the sanctions.

Viktor Vekselberg's assets were frozen by $ 1.5-2 billion

Business22.04.2018

The reason was the US sanctions. To save his money, the oligarch has already met with Russian Prime Minister Dmitry Medvedev.

Forbes published a rating of 200 richest businessmen in Russia

Business19.04.2018

Forbes magazine published the 15th updated rating of Russia's 200 richest businessmen, whose overall condition is estimated at $ 485 billion.

Victor Vekselberg has margin calls

Business19.04.2018

Under the US sanctions, the oligarch received problems with loans for $ 800 million. He already complained to Dmitry Medvedev and hinted at the state's participation in solving this problem.

Vekselberg could not sell the "Gold of Kamchatka"

Business17.04.2018

GV Gold decided not to buy "Gold of Kamchatka" after "Renova" and Viktor Vekselberg got on the US sanctions list.

Elvira Nabiullina hid the shares of Viktor Vekselberg in Russian banks

Business17.04.2018

From the site of the Central Bank, references to the shares of Viktor Vekselberg in Metkombank and the bank of the IFC have disappeared. This is unlikely to save them from the risks associated with finding a businessman under sanctions.

Rusal refused an epic battle for Norilsk Nickel

Business13.04.2018

Oleg Deripaska's company due to US sanctions will not participate in the "Russian Roulette" with Vladimir Potanin for the shares of Norilsk Nickel. Now this will not correspond to the interests of shareholders, the board of directors of the aluminum company decided.

Toxic "Rusal": Russian billionaires lost more than 12 billion dollars a day

Business10.04.2018

The collapse of the quotes of "Rusal" was the main event of the day, however, sanctions were hit not only by the state of Oleg Deripaska - today many members of the Forbes list have become poor.

Renova will lose control in the Swiss Sulzer

Business09.04.2018

The Swiss engineering company Sulzer will buy from the company Victor Vekselberg 5 million of its shares because of sanctions against the Russian businessman by the US Treasury.

How many Russian oligarchs will lose from US sanctions

Business06.04.2018

The US imposed sanctions against seven Russian businessmen on the Forbes list. All assets of their assets in the US are frozen. Citizens of the United States are forbidden to enter into any business relations with them.

The US imposed new sanctions against Russian oligarchs and officials

Governance06.04.2018

The new list includes 26 people and 15 companies. Among them are Oleg Deripaska, Viktor Vekselberg, Suleiman Kerimov, Alexey Miller and Andrei Kostin.

Abramovich, Prokhorov and Vekselberg told all the american prosecutors

Society06.04.2018

The US authorities questioned about at least two Russian oligarchs interfering in the American elections. According to Flightradar, in March, planes of Roman Abramovich, Viktor Vekselberg and Mikhail Prokhorov were boarding in New York.

Putin makes billionaires

Business16.03.2018

Since 2012, the state of the oligarchs in Russia has grown by $ 29.5 billion.

Vekselberg company did not find buyers for its bonds

Business25.11.2017

"T plus" did not suit the proposed rate on its bonds for 10 billion rubles.

Vekselberg and Prokhorov played an aluminum trick on Deripaska

Business12.10.2017

The oligarchs sold a 3% stake in Rusal which could complicate the IPO of Deripaska's En+ in December.

Vekselberg and Prokhorov sold shares of UC Rusal for $315 million

Business11.10.2017

The deal was conducted with a discount of 7.5% from the market price of these securities.

Novaport increases its presence in Siberia

Business05.09.2017

The company belonging to Roman Trotsenko has bought the airport of Ulan-Ude.

ONEKSIM says goodbye to Rusal

Business15.08.2017

Mikhail Prokhorov may abandon the ranks of the company's shareholders by November.

Viktor Vekselberg and his partners acquired 7% of UC Rusal

Business14.08.2017

Perhaps now they will seek to sell the blocking stake in Norilsk Nickel.

Mikhail Prokhorov hands out aluminum

Business11.08.2017

The businessman sold 7% of Rusal to Viktor Vekselberg.

Pavel Maslovsky left Petropavlovsk

Business18.07.2017

The co-founder of the company left its top management.

The most expensive planes of Russian oligarchs

Business26.06.2017

What the Russian oligarchs use to move their bodies around the world.

The richest people of Russia in the Forbes global ranking 2017

Business21.03.2017

List of most wealthy Russians for the second consecutive year is headed by the co-owner of "Novatek" and "Sibur" Leonid Michelson.

Vekselberg's Renova is suspected of withdrawing the profits abroad

Business20.03.2017

Presumably, the profits in the period from 2003 to 2008 were siphoned off abroad.

Novaport and Airports of Regions are fighting for the Belgrade airport

Business14.03.2017

The problem is that both Russian applicants do not comply with the requirements of the tender.

Vekselberg goes into agriculture

Business27.02.2017

Renova Group will invest 25 billion rubles in the construction of greenhouses.

Suleiman Kerimov gave his son an airport

Business15.02.2017

The senator is actively making over the business assets to his 21-year-old heir Said Kerimov.