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.
 

Promsvyazbank lay down on the bottom

Business23.05.2018

The bank has stopped disclosing its securities reporting, fearing possible US sanctions.

Victor Vekselberg goes into cash

Business22.05.2018

Having received a billion support from the state, the scandalous oligarch suggested that the structure of Gazprom - Gazprom Energoholding - be purchased at a fair price by PJSC "T Plus".

Russia repaid the debts of oligarch Victor Vekselberg for $ 1 billion

Business21.05.2018

Vekselberg's Renova Group has returned $ 1 billion to a consortium of European, Swiss and American banks, including JPMorgan, Credit Suisse and UBS.

Criminal businessmen helped Viktor Vekselberg

Business19.05.2018

Evgeny Olkhovik and Vladimir Kremer agreed to exchange their assets for shares in Vekselberg's European business, which fell under sanctions.

Russia saved Victor Vekselberg from sanctions

Business14.05.2018

The total cost of state support for the Renova Group may amount to more than $ 1 billion.

Arkady Dvorkovich invited to head the fund "Skolkovo"

Officials10.05.2018

The current president of the fund Viktor Vekselberg is hampered by sanctions.

CNN named the reason for the interest of Müller's agents to Vekselberg

Society09.05.2018

Investigators from the team of the special prosecutor Robert Mueller were interested in payments that were transferred to the accounts of lawyer of the US president Donald Trump, close to businessman Viktor Vekselberg, told CNN sources.

Viktor Vekselberg told the Americans everything

Society05.05.2018

Journalists learned about the conversation between people pepsprokurora US Robert Müller with Viktor Vekselberg in New York. The conversation took place at the airport in New York about two months ago, sources say The New York Times.

Viktor Vekselberg demanded again support

Business03.05.2018

"Renova" asks to support the uninjured business.

Viktor Vekselberg has developed a plan for state support of his business

Business03.05.2018

To help survive difficult times, the oligarch, who has fallen under US sanctions, will have to pay to the Russian budget and Russian taxpayers.

Oleg Deripaska decided to get off with a little blood

Business28.04.2018

Scandalous businessman may refuse to control "Rusal".

Deep in the pocket: the US demanded banks to access the accounts of Russian oligarchs

Business26.04.2018

In case of refusal to provide the requested information, the US senators threatened to arrange an investigation against financial organizations.

How Renova saved its Swiss asset from US sanctions

Business24.04.2018

The company of Viktor Vekselberg sold a part of the shares, but will not get money for them.

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.

Bloomberg estimates the growth of the state of billionaires from Russia for Putin's third term

Business16.03.2018

Only Jeff Bezos achieved the best result in a year.