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.
 

Hello, America

Business01.11.2016

How Mikhail Prokhorov became an American billionaire.

Mikhail Prokhorov will sell 12% of UC Rusal for $700 million

Business27.10.2016

The package will be bought by the co-owner of the company, Sual Partners owned by Viktor Vekselberg and Leonard Blavatnik.

In search of eight billion

Business19.10.2016

What is going on with the dividends of beneficiaries of Togliattiazot, Vladimir and Sergey Makhlaev.

Vekselberg was involved in a conflict with Putin's oligarchs

Business03.10.2016

Viktor Vekselberg's move with Rusal crossed the road of Timchenko and Rotenberg.

Rusal puzzled its creditors

Business30.09.2016

The company asked to approve the payment of dividends.

Vekselberg's ties: Forbes studied the structure of the billionaire's funds

Business14.09.2016

Funds of Renova are invested into paper holdings of T Plus and Rosnano, and part of the assets are kept in Metkombank.   

Lenders chase Telman Ismailov into bankrupcy

Business08.09.2016

The oligarch Telman Ismailov squandered hundreds of millions of dollars, and is now entangled with giant debts.

After Gaizer, they came for Vainzikher

Crime06.09.2016

The entities of Viktor Vekselberg corrupted the republic of Komi.

They came for Vekselberg: why there were searches in Renova and T Plus

Business06.09.2016

As part of a bribery case in Komi, the Investigative Committee detained two top managers of Viktor Vekselberg's companies: Managing Director of Renova, Yevgeny Olkhovik, and general director of T Plus, Boris Vainzikher. The third person involved is the former head of the T Plus and CEO of VimpelCom. Mikhail Slobodin, who said he was leaving VimpelCom at midnight. 

Putin made a note of Vekselberg

Business18.08.2016

Russian President Vladimir Putin became interested in a complaint on the critical condition at Vorkuta CHPP-2 (owned by "T Plus" belonging to Viktor Vekselberg), which threatens the energy security of Vorkuta.

"The Phantom Menace" to Deripaska

Business15.08.2016

Billionaire Viktor Vekselberg offered $1 billion to Mikhail Prokhorov for 17% of the shares of "Rusal". Experts suspect that the "buyer" wants to squeeze out another owner of "Rusal", Oleg Deripaska.

Vekselberg will cheaply buy up Prokhorov's "financial club"

Business11.07.2016

"The bank of oligarchs" has actually lost one oligarch.

Vekselberg didn't fit well into Switzerland

Business07.03.2016

Russian billionaire scared the Swiss by firing three people.

Foreign control: why billionaires do not hurry to withdraw their business from tax havens

Business21.12.2015

Forbes asked the Russian billionaires, what they were doing in relation to the new law on foreign-controlled companies.

Ilya Ponomarev decided not to return from the US to Russia

Crime09.12.2015

The MP is accused in a criminal case on the theft of $750 thousand from Skolkovo. Besides, the investigators may re-interrogate the head of the Foundation, Viktor Vekselberg.

One of the four suits of Leonid Lebedev to Viktor Vekselberg and Leonard Blavatnik rejected

Business04.12.2015

The next hearing on the case on $2 billion will be held in early 2016.

The end of the war: Rotenberg can take "Togliattiazot"

Business23.10.2015

According to Forbes, the president's friend is the main contender for the asset, which had been the cause of a corporate war for more than ten years.

Circus and more: what the Gutserievs are going to build in Skolkovo

Business15.07.2015

BIN Group owned by the Gutseriev family is going to build 700 000 sq meters of real estate in Skolkovo, including a theater for performances of Cirque du Soleil.

What happened to Skolkovo

Business23.03.2015

Skolkovo Innovation Center was eastablished to show the world the triumph of the Russian science, but in recent years the project had been plagued by failures. Why Medvedev's modernization project stalled, as investigated by RBC reporters.

Two comrades were serving: why billionaires Vekselberg and Abizov quarreled

Business18.03.2015

The owner of Renova and the Minister for Open Government are suing each other in the Virgin Islands for $ 500 million. Who owes whom, and how much?

Energy relations: what drove a wedge between Viktor Vekselberg and Mikhail Abizov

Business07.01.2015

In the court of the British Virgin Islands Minister Mikhail Abizov seeks to challenge the refusal of Vekselberg to pay him about half a billion dollars for a 40% stake in KES Holding. 

Sochi 2014: how did the Olympics end for Russia

Society31.12.2014

In early 2014, the Winter Olympic Games in Sochi had all chances to become the main event of the year in Russia, but then they pushed aside by other, more gloomy events. However, the Olympics was too big an event to give an unambiguous assessment to it.

Sverdlovsk Oblast hands over Koltsovo to Vekselberg

Business25.12.2014

According to one version, dirt-cheap. The plan has already been approved by the government.

Yanukovych makes himself at home in St. Petersburg

Business19.11.2014

Alexander Yanukovych, son of the former Ukrainian President Viktor Yanukovych, intends to develop his business in St. Petersburg.

Senator Lebedev accused Vekselberg and Blavatnik of fraud

Business24.10.2014

Former shareholders of TNK-BP Leonard Blavatnik and Viktor Vekselberg believe that they settled accounts with the senator from Chuvashia Leonid Lebedev in 2003, when they agreed to transfer $600 million to him.

Vekselberg's plan: something went wrong

Business16.05.2014

New details emerged regarding the strange attempts to sell Koltsovo to the oligarch's structures.

Arkhangelskoye has finally come into the hands of Vekselberg

Society19.02.2014

The government has refused to protect the territory of the monument, referring to the lack of funds. 

Sochi willy-nilly: how Viktor Vekselberg became an Olympic investor

Business14.02.2014

The billonaire has arranged an excursion around his hotel complex for Forbes and talked about the construction and who he was waiting for in his hotels.