Viktor Vekselberg

Quick Facts

Full Name	Viktor Vekselberg
Date Of Birth	Apr 14, 1957(1957-04-14)
Age	67
Birthplace	Drohobych
Country	Ukraine
Birth City	Lviv Oblast
Horoscope	Aries

Viktor Vekselberg Biography

Viktor Vekselberg is one of the most popular and richest Businessman who was born on April 14, 1957 in Drohobych, Lviv Oblast, Ukraine.

Viktor Felixovich Vekselberg (Russian: Виктор Феликсович Вексельберг , Ukrainian: Віктор Феліксович Вексельберг ; born 14 April 1957) is a Russian businessman. He is the owner and president of Renova Group, a Russian conglomerate. According to Forbes, as of October 2019, his fortune is estimated at $11.4 billion, making him the 119th richest person in the world.

In 1988, after the Gorbachev administration relaxed restrictions on private business as part of its new policy Perestroika and Glasnost, he founded NPO Komvek which did work for the Irkutsk Aluminum Plant and in 1990, he co- founded Renova Group with college classmate, Leonard Blavatnik. KomVek owned 67% of Renova and Blavatnik’s company Access Industries owned the remainder. He benefited financially from the privatization of the aluminum industry in Russia under the Yeltsin administration in 1993. In 1996, he co-founded the Siberian-Urals Aluminium Company (SUAL) via a merger of the Ural and Irkutsk Aluminum Plants. (SUAL would later be incorporated into United Company RUSAL, the largest aluminum company in the world). Using revenues generated from his aluminum business, he purchased a minority interest in Tyumen Oil (TNK), one of Russia’s largest oil and gas companies. In 1997, he secured a controlling interest in Tyumen and was appointed to the Board of Directors; in 1998, he was appointed Chairman of the Board. Later, he integrated those and other assets under the umbrella of Renova Group, delegating operating responsibilities to managers.

Viktor Vekselberg was born in 1957 to a Ukrainian-Jewish father and a Russian mother in Drohobych, Ukrainian Soviet Socialist Republic (although some reports state that he was born in Lviv). In 1979, he graduated from the Moscow Transportation Engineering Institute. Thereafter, he worked as an engineer and research manager at a state-owned pump manufacturer.

Viktor Vekselberg Net Worth

Net Worth: As of 2020, the net worth of Viktor Vekselberg, a renowned businessman and the owner of Renova Group, is $11.4 billion. This staggering wealth comes from his diverse business portfolio, which includes significant investments in the oil, aluminum, telecom, and technology industries. As a comparison, according to Forbes’ 2020 list, Vekselberg’s net worth puts him in the top echelon of entrepreneurs worldwide, where the majority of billionaires possess a net worth between $1 billion and $20 billion.

Early Life: Viktor Vekselberg was born on the 14th of April 1957, in a small town Drohobych, Ukraine. He was introduced to hardships at an early age when his family fell victim to the Holocaust. However, these challenging circumstances didn’t deter Vekselberg from pursuing his academic interests. He graduated from the Moscow State University of Railway Engineering in 1979, which kick-started his career journey.

Career and Financial Growth: Vekselberg’s business career took off in 1988 when he founded Komvek, and later co-founded Renova Group in 1990 — this signified the beginning of his wealth accumulation journey. His judicious investments in aluminum smelters and oil companies consolidated his finances further. For instance, his stake in TNK-BP, one of Russia’s largest oil and gas companies, proved to be a key turning point in his financial success story. Besides the oil and gas sector, Vekselberg strategically diversified his portfolio in fields like renewable energy and manufacturing, ensuring a steady flow of revenue.

Source of net worth: Vekselberg’s major source of wealth derives from his business career as an entrepreneur. His conglomerate, Renova Group, has investments in a variety of sectors, which contributes significantly to his net worth. Moreover, his strategic investments in companies like TNK-BP and SUAL have magnified his financial strength over the years. Endorsements and sponsorship deals are yet to be part of his income sources.

Personal Projects and Ventures: Aside from his core business operations, Vekselberg has shown a keen interest in the field of technology. As the president of the Skolkovo Foundation, he has played a crucial role in building Russia’s technological research hub. His collaboration with companies like Cisco Systems further substantiates his affinity toward advanced technology.

Philanthropy: Demonstrating his humanitarian side, Vekselberg made significant contributions to philanthropic causes. He donated $4.5 million for the construction of the Jewish Museum and Tolerance Center in Moscow. In addition, he has financed the construction and restoration of synagogues in Russia and actively supports socially vulnerable citizens.

Recent Developments: Viktor Vekselberg had to grapple with economic implications when the United States imposed sanctions on him and his conglomerate in 2018 following Russia’s annexation of Crimea. However, while the sanctions merited a freezing of assets and posed challenges to his international business ventures, it also allowed him to reallocate his focus on domestic business opportunities amid Russia’s evolving economic landscape. The current economic trends suggest that his future net worth might depend largely on domestic business prospects and Russia’s diplomatic relations with the global community.

Height, Weight & Body Measurements

Viktor Vekselberg height Not available right now. Viktor weight Not Known & body measurements will update soon.

Who is Viktor Vekselberg Dating?

According to our records, Viktor Vekselberg married to Marina Vekselberg. As of January 13, 2024, Viktor Vekselberg’s is not dating anyone.

Relationships Record : We have no records of past relationships for Viktor Vekselberg. You may help us to build the dating records for Viktor Vekselberg!

In 2010, Vekselberg was appointed President of the Skolkovo Foundation, a non- profit organization funded by a mix of private investors and the Russian government, with the goal of building a technology research hub in Russia. As its President, Vekselberg signed a deal for Cisco Systems to invest $1 billion over ten years into Skolkovo Foundation projects. The Federal Bureau of Investigations subsequently issued a statement claiming that the Skolkovo Foundation was being used by the Russian government to gain access to classified American technology. Through Vekselberg’s close associate from 1999 to April 2018 Vladimir Kuznetsov who gained a director’s seat and became a major shareholder in C5 Razor Bidco with an investment of £16.1 million in 2015, Vekselberg is closely linked to Andre Pienaar, who heads the cloud computing firm C5 Group’s C5 Accelerate which provides a Cloud Accelerator Cluster to Europe, the United States, the Middle East, and Africa.

Facts & Trivia

Viktor Ranked on the list of most popular Businessman. Also ranked in the elit list of famous people born in Ukraine. Viktor Vekselberg celebrates birthday on April 14 of every year.

In March 2017, he was offered citizenship of the Republic of Cyprus due to his investments in the country, however a spokesperson for Vekselberg reiterated that he only had Russian citizenship.

Is Viktor Vekselberg sanctioned?

Additionally, after Vekselberg was sanctioned by the U.S. Treasury Department on April 6, 2018, the warrant alleges that Vekselberg and those working on his behalf continued to make U.S. dollar payments through U.S. banks for the support and maintenance of the Tango and its owners, including a payment for a December …

Who owns Renova Group?

Renova Group is a Russian conglomerate with interests in aluminium, oil, energy, telecoms and a variety of other sectors. The main owner and president is Viktor Vekselberg who founded the company in 1990. The Renova Group is primarily active in Russia, the C.I.S. states, Switzerland, South Africa and the United States.

Where is Viktor Vekselberg now?

Vekselberg reportedly lives in Switzerland.

Is Sulzer Russian owned?

[ˈzʊlt͡sɐ] is a Swiss industrial engineering and manufacturing firm, founded by Salomon Sulzer-Bernet in 1775 and established as Sulzer Brothers Ltd. (Gebrüder Sulzer) in 1834 in Winterthur, Switzerland. Today it is a publicly traded company with about 180 manufacturing facilities and service centers around the world.

What does Renova group do?

Renova Group of companies is Russia’s leading private business group that consists of asset management companies and direct and portfolio investment funds owning and managing assets in metals mining, oil, machine building, mining, construction development, energy, telecommunications, nanotechnologies, utilities and …