Viktor Vekselberg
Founder at Renova Group of Cos.
Net worth: 2 375 M $ as of 2024-03-30
Profile
In 1979, Viktor Vekselberg is graduated from the Institute of Moscow railway (MIIT). He specializes in systems engineering. He continued his studies at the Computing Centre of the Academy of Sciences of the USSR.
In 1998 he founded with friends a company called KomVek (Kompanie Vekselberg), active in software development and import of used computers. From 1991 to 1996 he was Deputy Director General of ZAO Renova that he founded with Leonard Blavatnik. Two thirds of the shares are held by KomVek and one third is held by the investment fund owned by Access Industries Blavatnik.
In 1996 he participated to the creation of the Siberian-Urals Aluminium Company (SUAL). Conducted by Viktor Vekselberg, the company Renova started buying shares in oil companies, including a majority stake in TNK. A year later, he joined the board of Tyumen Oil Company (TNK), and in April 2002 he became President of TNK.
In January 2003 he was appointed chairman of the board of SUAL-Holding. In February 2006 he announced that the company SUAL is looking for a strategic partner. Negotiations began with its main competitor Rusal, owned by Oleg Deripaska. Rusal and SUAL merged in August 2006. Deripaska received a 75% stake in the new company, while Viktor Vekselberg got 25%. The merged group controls 100% of the Russian aluminum market and creates a monopoly. The new giant has a production capacity of over 4 million tons of aluminum per year.
In October 2006, Rusal and Sual merge with Glencore. The merger is finalized in March 2007 and gave birth to the number one of the aluminum in the world: United Company Rusal. The new group goes public a little over a year later. Russian billionaire Oleg Deripaska became the main shareholder of the new company by receiving a 66% stake. SUAL acquires 22% and Glencore 12%. Vekselberg is chairman of the board of directors of the company.
In April 2007, Vekselberg decides to become the largest shareholder of the investment fund Pallinghurst Resources, operated by Bryan Gilbertson. The fund has acquired the legendary brand Fabergé in 2007. Vekselberg is obsessed with Faberge eggs. He is the biggest collector: in 2004 he bought nine Faberge eggs at an auction and received other items of Fabergé - brooches, snuff boxes... The collection was exhibited in the Kremlin and in Dubrovnik in 2007. Vekselberg made regular donations to foundations and cultural museums in Russia.
Today, the empire of Viktor Vekselberg continues to expand. Recently, the oligarch, who owns 13.7% of OC Oerlikon Zurich Group, announced plans to invest $ 300 million to create the largest hotel chain in Russia. He also manages mining projects in South Africa. According to Forbes, in 2011 th property of the magnate of energy and metallurgy sectors weighed 13 billion.
In March 2010, President Dmitry Medvedev chose Viktor Vekselberg to supervise the "Silicon Valley" near Moscow. This technology center is supposed to ensure the modernization and diversification of the Russian economy based mainly on the exploitation of oil and gas. The project would develop into five areas: energy technology, information technology, telecommunications, nuclear and biomedical technologies.
In March 2012, Viktor Vekselberg resigned as chairman of Rusal.
Known holdings in public companies
Latest news about Viktor Vekselberg
Viktor Vekselberg active positions
Companies | Position | Start |
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Renova Group of Cos.
Renova Group of Cos. Investment ManagersFinance Renova Group of Cos. provides asset management, portfolio management and investment advice services. The firm makes investments in metals, mining, chemical, construction, transport, energy, telecommunication, high-tech machine building, public utilities and financial sectors. The company was founded in 1990 and is headquartered in Moscow, Russian Federation. | Founder | 2011-06-29 |
International Financial Club OJSC JSCB
International Financial Club OJSC JSCB Major BanksFinance International Financial Club OJSC JSCB provides banking and financial services to major corporate and private clients. It accepts deposits, makes loans, and provides other financial services to the public. The company was founded in December 1993 and is headquartered in Moscow, Russia. | Director/Board Member | 2010-07-22 |
The Russian Union of Industrialists & Entrepreneurs
The Russian Union of Industrialists & Entrepreneurs Miscellaneous Commercial ServicesCommercial Services The Russian Union of Industrialists & Entrepreneurs operates as a non-political organization to protect the interests of industry. The company is based in Moscow, Russian Federation and has subsidiaries in the Russian Federation. | Corporate Officer/Principal | 2011-10-02 |
Skolkovo Foundation
Skolkovo Foundation Miscellaneous Commercial ServicesCommercial Services Skolkovo Foundation was founded in 2010 and engages in fostering startups and venture capitals. The non-profit company is based in Moscow, Russian Federation. and has subsidiaries in Russian Federation. | President | 2011-10-02 |
Russian Industrialists Association | Director/Board Member | 2011-10-02 |
Higher School of Economics | Director/Board Member | - |
RN Management | Director/Board Member | 2004-12-31 |
Renova Management AG (Switzerland)
Renova Management AG (Switzerland) Miscellaneous Commercial ServicesCommercial Services Renova Management AG engages in the provision of consulting and investment management services. The company was founded on January 15, 2004 and is headquartered in Zurich, Switzerland. | Chairman | - |
Rusnano OJSC
Rusnano OJSC Miscellaneous Commercial ServicesCommercial Services Rusnano OJSC operates as an investment company focusing on nanotechnology. Its activities include building nanotechnology infrastructure, which includes the nanotechnology centers of excellence, business incubators and early stage investment funds; It also provides scientific and educational programs. The company was founded on September 19, 2007 and is headquartered in Moscow, Russian Federation. | Director/Board Member | 2012-12-31 |
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Former positions of Viktor Vekselberg
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Training of Viktor Vekselberg
Russian Academy of Sciences | Doctorate Degree |
Moscow Institute of Transport Engineers | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
Listed companies | 1 |
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UNITED COMPANY RUSAL, INTERNATIONAL | Non-Energy Minerals |
Private companies | 14 |
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Moscow CableCom Corp.
Moscow CableCom Corp. Cable/Satellite TVConsumer Services Moscow CableCom Corp. provides cable television and Internet access services under the brand name of AKADO. AKADO is in the process of expanding its hybrid fiber-coaxial network in Moscow to provide residential and business customers with comprehensive broadband services in digital cable television, radio, and high-speed data transmission and Internet access. The company was founded in 1950 and is headquartered in Windsor Locks, CT. | Consumer Services |
Tyumen Oil Co. | Energy Minerals |
Renova Group of Cos.
Renova Group of Cos. Investment ManagersFinance Renova Group of Cos. provides asset management, portfolio management and investment advice services. The firm makes investments in metals, mining, chemical, construction, transport, energy, telecommunication, high-tech machine building, public utilities and financial sectors. The company was founded in 1990 and is headquartered in Moscow, Russian Federation. | Finance |
RN Holding OJSC
RN Holding OJSC Integrated OilEnergy Minerals RN Holding OJSC engages in the exploration and production of oil, gas, and petroleum products. Its activities include developing and production of crude oil and gas reserves; processing of crude oil into refined products; and purchasing, sale, and transportation of crude oil and refined petroleum products. The company is headquartered in Uvat, Russian Federation. | Energy Minerals |
International Financial Club OJSC JSCB
International Financial Club OJSC JSCB Major BanksFinance International Financial Club OJSC JSCB provides banking and financial services to major corporate and private clients. It accepts deposits, makes loans, and provides other financial services to the public. The company was founded in December 1993 and is headquartered in Moscow, Russia. | Finance |
TNK-BP Ltd.
TNK-BP Ltd. Oil & Gas ProductionEnergy Minerals TNK-BP Ltd. provides exploration services for the oil and gas industry. The company's services include exploration and production, refining, marketing, sales and trading, oilfield, and technology services. TNK-BP was founded in 2003 and is headquartered in Moscow, Russia | Energy Minerals |
Sual Group | |
RN Management | |
Rusnano OJSC
Rusnano OJSC Miscellaneous Commercial ServicesCommercial Services Rusnano OJSC operates as an investment company focusing on nanotechnology. Its activities include building nanotechnology infrastructure, which includes the nanotechnology centers of excellence, business incubators and early stage investment funds; It also provides scientific and educational programs. The company was founded on September 19, 2007 and is headquartered in Moscow, Russian Federation. | Commercial Services |
The Russian Union of Industrialists & Entrepreneurs
The Russian Union of Industrialists & Entrepreneurs Miscellaneous Commercial ServicesCommercial Services The Russian Union of Industrialists & Entrepreneurs operates as a non-political organization to protect the interests of industry. The company is based in Moscow, Russian Federation and has subsidiaries in the Russian Federation. | Commercial Services |
Renova Management AG (Switzerland)
Renova Management AG (Switzerland) Miscellaneous Commercial ServicesCommercial Services Renova Management AG engages in the provision of consulting and investment management services. The company was founded on January 15, 2004 and is headquartered in Zurich, Switzerland. | Commercial Services |
Skolkovo Foundation
Skolkovo Foundation Miscellaneous Commercial ServicesCommercial Services Skolkovo Foundation was founded in 2010 and engages in fostering startups and venture capitals. The non-profit company is based in Moscow, Russian Federation. and has subsidiaries in Russian Federation. | Commercial Services |
Russian Industrialists Association | |
Renova Active LLC
Renova Active LLC Financial ConglomeratesFinance Renova Active LLC provides investment services. It also offers financial intermediation, as well as management and business consulting services. The company was founded by Yevgeniy Nikolayevich Olkhovik on December 12, 2014 and is headquartered in Moscow, Russia. | Finance |
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