Description:
(Entrepreneur, Investor, Businessperson)
Oleg Vladimirovich Deripaska is a well-known Russian oligarch and philanthropist, who founded and own ‘Basic Element’ (erstwhile ‘Siberian Aluminium’), counted among the largest diversified industrial groups in Russia. He also serves as the CEO of the sixth largest aluminium company in the world, ‘United Company RUSAL’, and owns and controls the Russian energy-related company ‘En+ Group’. A physics graduate from ‘Moscow State University’, this intelligent and agile entrepreneur forayed into the industrial scene initially as a metals broker with speciality in trading aluminium and thereafter started dealing with machinery, agribusiness, energy and financial services. ‘Sibirsky Aluminium’ of Deripaska and ‘Millhouse Capital’ of Roman Abramovich formed partnership in 2000 leading to formation of ‘Rusal’ which again merged with ‘Glencore International AG’ and ‘SUAL Group’ in 2007 to form ‘United Company RUSAL’ with Deripaska as its chairman. During the financial crisis of 2007-08 amidst heavy and rising debts, Deripaska lost much of his wealth that was estimated to be around $28 billion, thus slipping from the position of richest man in Russia. According to Forbes, his estimated wealth as of May 2017 is $5.2 billion. His humanitarian efforts saw him founding the largest charitable foundation of Russia, ‘Volnoe Delo’. He has close association with the incumbent President of Russia, Vladimir Putin.
Birthday
January 2, 1968 (Capricorn)
Alternative names
Oleg
Spouse/Ex-
Polina Deripaska
Parents
Children
Marina Deripaska, Pyotr Deripaska
What is Oleg Deripaska's connection to the Russian government?
Oleg Deripaska has had close ties to the Russian government, particularly with President Vladimir Putin. He has been involved in various government projects and has been considered a prominent figure in Russian politics and business circles.
How did Oleg Deripaska acquire his wealth?
Oleg Deripaska made his fortune through investments in the aluminum industry. He was able to consolidate various aluminum assets to create the company RUSAL, which became one of the largest aluminum producers in the world.
What controversies has Oleg Deripaska been involved in?
Oleg Deripaska has been at the center of various controversies, including allegations of corruption, ties to organized crime, and involvement in geopolitical affairs. He has faced scrutiny from governments and international bodies for his business practices.
What impact has Oleg Deripaska had on the global economy?
Oleg Deripaska's business empire, particularly in the aluminum industry, has had a significant impact on the global economy. His companies have been major players in the commodities market and have influenced global supply chains.
How has Oleg Deripaska been affected by international sanctions?
Oleg Deripaska has been targeted by international sanctions, particularly by the United States and the European Union. These sanctions have restricted his ability to conduct business internationally and have put pressure on his financial interests.