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.
 

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