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.
 

Utair has collected a controlling stake in Surgut airport

Business03.09.2018

The airline has overtaken the Renova Group of oligarch Victor Vekselberg and Novaport Roman Trotsenko.

Why Swiss lawyers refuse to protect Vekselberg

Business23.08.2018

The Russian billionaire intends to sue the banks that have blocked several billions of dollars on his accounts and accounts of his companies.

Viktor Vekselberg made a good face with bad news

Business22.08.2018

Viktor Vekselberg did not have personal accounts in Cyprus, his representative said. Earlier, the US Treasury reported that the bank accounts of Vekselberg and Oleg Deripaska in Cyprus were frozen after US sanctions.

Vekselberg and Chubais save solar energy from US sanctions

Business17.08.2018

Beluna Investments Ltd, a member of Renova Group of companies Viktor Vekselberg, on August 15, reduced its stake in the power company Hevel from 51 to 46%.

Rusal recorded the first losses from US sanctions

Business06.08.2018

Revenues in the second quarter of 2018 decreased by almost 18% compared to the first quarter of this year. The volumes of metal sold also fell.

ECE protects Victor Vekselberg from competitors

Business03.08.2018

Energoprom Group of Viktor Vekselberg and Leonard Blavatnik will retain its status as a monopolist in the market of graphite electrodes in Russia. For this, eventually, Russian metallurgists will pay.

Saving the Finnish subsidiary of USC from sanctions is postponed indefinitely

Business03.08.2018

The deal for the sale of part of the only foreign shipyard USC - Finnish Arctech Helsinki Shipyard - scheduled for July was not held. The terms of the agreement with the Croatian partner of the oligarch Viktor Vekselberg changed at the last moment, and not for the better, and Moscow sent to Helsinki auditors with a large-scale inspection, suspecting fraud.

Magomed Magomedov sued Vekselberg and Blavatnik for $ 1.3 billion

Business25.07.2018

The co-owner of the Suma group, Magomed Magomedov, who is behind bars, has filed a lawsuit in the New York court against Viktor Vekselberg and his partners for $ 1.3 billion. Magomedov accuses them of deception in the struggle for control of Nizhnevartovskneftegaz in the late 1990s.

Why did the editor-in-chief of the newspaper "Kommersant" Sergey Yakovlev leave his post

Business16.07.2018

Why did his post leave the editor-in-chief of the newspaper Kommersant, Sergei Yakovlev.

Renova of Viktor Vekselberg wants to unite energy assets with Gazprom energoholding

Business12.07.2018

Corrupted in the corner by American sanctions, the oligarch intends to merge his energy assets with the company Gazprom energoholding, having received a blocking stake for it.

Vekselberg became the only beneficiary of Russian assets "Renova"

Business11.07.2018

Minority shareholders exchanged shares in the structures of Renova for packages in the Swiss holding Liwet Holding.

"Rosatom" renews pensions

Business09.07.2018

The oligarch's structures were included in the AtomGarant NPF.

Businessman Danil Khachaturov can sell a plot in the north of Moscow

Business09.07.2018

The businessman intends to sell his last property in Moscow.

Viktor Vekselberg spent 1.6 million dollars to lobby the interests of Russia in the US

Governance06.07.2018

According to the Associated Press, which did not disclose the source of its information, it was such a ridiculous amount spent in the US by a Russian oligarch.

Kenes Rakishev returned Pavel Maslovsky to Petropavlovsk

Business02.07.2018

The founder of the company plans to buy more shares to bring its stake to 10%.

Oleg Deripaska refused to borrow money from Promsvyazbank

Business30.06.2018

The businessman considered "state aid" bonded. Earlier Viktor Vekselberg received from the bank up to 1 billion dollars.

Aeroflot changes its course and flies to Moscow

Business26.06.2018

The carrier can change the development strategy.

Capital Group is aiming for a Moscow project with a volume of 1.3 million square meters

Business26.06.2018

To do this, the developer must agree with the co-owners of 97 hectares on the understudy of Kutuzovsky Prospekt.

Leonard Blavatnik bought a theater in London for $ 60 million

Business20.06.2018

Access Entertainment, owned by billionaire Leonard Blavatnik, paid three times the starting price for the Royal Haymarket Theater of the 18th century.

Former Senator Pavel Maslovsky is going to get gold again

Business07.06.2018

Pavel Maslovsky can again return to the operational management of the gold miner Petropavlovsk. Ex-Senator from the Amur region agreed to take the post of CEO of the group, torn apart by the corporate conflict, which he left in 2017.

The losses of Russian billionaires due to sanctions exceeded $ 6 billion

Business06.06.2018

Yesterday Vladimir Putin signed a law on counter-sentences. Forbes estimated how much the richest people of Russia who were under sanctions in April lost, while the Duma and the Kremlin came up with the US response.

German Khan: "We are ready to sell everything at any time"

Business05.06.2018

Member of the Supervisory Board of Alfa Group, Herman Khan, talked about his attitude to the Kremlin list, the reasons for increasing the role of the state in business and how much the Wintershall DEA could cost.

1 billion francs of Victor Vekselberg frozen in Switzerland

Business05.06.2018

Renova's lawyers are already preparing lawsuits against Swiss banks and their employees. According to experts, the chances of obtaining compensation for losses in court are not high.

Mikhail Prokhorov worked as a garbage for Viktor Vekselberg

Business31.05.2018

A professional oligarch bought out a share of toxic Vekselberg in an IFC bank.

Rostek may become an investor in Irkutsk airport

Business30.05.2018

Previously, Vekselberg's holdings, Deripaska and Trotsenko showed interest in the asset.

Oleg Deripaska tries to desert from Rusal

Business29.05.2018

EN + Group follows the advice of the US Treasury and replaces its representatives on the board of directors of the aluminum company with ordinary employees.

Vekselberg's Akado may lose support for Cisco

Business28.05.2018

Due to sanctions, the company may have problems with the tele-business.

The richest heirs of Russia

Business25.05.2018

Forbes presented the rating of the heirs of the richest businessmen of Russia for the third time. The first place was taken by Yusuf Alekperov, the second place was occupied by the children of Leonid Mikhelson, "bronze" - in the son and daughter of Andrei Melnichenko.