Oleg Deripaska
Oleg Deripaska

Celebrity Profile

Name: Oleg Deripaska
Occupation: Metals & Mining
Gender: Male
Birth Day: January 2, 1968
Age: 52
Birth Place: Dzerzhinsk, Nizhny Novgorod Oblast, Russian SFSR, Russia
Zodiac Sign: Aquarius

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Height: in centimeters - N/A
Weight: in kg - N/A
Eye Color: N/A
Hair Color: N/A
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Oleg Deripaska

Oleg Deripaska was born on January 2, 1968 in Dzerzhinsk, Nizhny Novgorod Oblast, Russian SFSR, Russia (52 years old). Oleg Deripaska is a Metals & Mining, zodiac sign: Aquarius. Find out Oleg Deripaskanet worth 2020, salary 2020 detail bellow.

Net Worth

Net Worth 2020

$3 Billion

Salary 2020

Not known

With the net worth of $3 Billion, Oleg Deripaska is the # 534 richest person on earth all the time follow our database.

Oleg Deripaska Salary Detail

In 2017, it reported adjusted core earnings of $2.3 billion on revenues totaling $9.8 billion. In November 2017 En+ was listed on the London Stock Exchange.

Biography Timeline

1985

Deripaska's first job was at the Ust-Labinsk plant where his mother worked. At age 11, he became an electrician's apprentice doing maintenance on electrical motors. Deripaska acquired a passion for reading; his favorite authors were Mayne Reid and Jack London. Today, Basic Element's headquarters contain walls of books, reflecting Deripaska's lifelong love of reading. His talent for math allowed him to enroll at the physics faculty of Moscow State University in 1985. One year into his studies, he was conscripted into the armed forces and served in the Soviet army's Strategic Missile Forces in the Trans-Baikal area, Siberia, from 1986 to 1989.

1993

In 1993, Deripaska graduated with honors in physics from Moscow State University; however, the collapse of the Soviet Union greatly eliminated academic funding and made it impossible for him to continue his studies as a theoretical physicist. There were no stipends or grants for students either. "We had no money. It was an urgent and practical question every day. How do I earn money to buy food and keep studying?" he recalls. In 1996, he earned a master's degree from the Plekhanov University of Economics.

1994

In 1994, Deripaska became director general of the plant at the age of 26. In 1997, he founded Sibirsky (Siberian) Aluminium Group, which in 2000 merged with Roman Abramovich's Millhouse Capital to create RUSAL. In 2003, businesses led by Deripaska increased their stake in those companies under common management to 75% by acquiring half of the interest managed by Millhouse Capital. In 2004, the consolidation of RUSAL's ownership by companies related to Deripaska was completed with the acquisition of the remaining 25% equity interest in RUSAL managed by Millhouse Capital.

1997

Deripaska is the founder Basic Element, a diversified investment group established in 1997 which has been managing investments in the following sectors: energy, metals and mining, machinery, financial services, agriculture, construction, and aviation. The major investments under Basic Element management included stakes in United Company RUSAL (the world's largest aluminium and alumina producer), GAZ Group (an automotive company), Aviakor aircraft manufacturer, EuroSibEnergo (ЕвроСибЭнерго (an energy supply company) Glavmosstroy (Главмосстрой) (a construction company) Kuban Agroholding (an agricultural company) and Basel Aero (an aviation business comprising the three largest airports in the Krasnodar territory, and a joint venture with Changi Airports International). Basic Element has been managing Oleg Deripaska's investments into companies in Russia, the CIS countries, Africa, Australia, Asia, Europe and Latin America, which employ as many as 250,000 people.

1998

In 1998, Deripaska established Volnoe Delo, Russia's largest private charitable foundation. The fund supports over 400 initiatives across Russia aimed at developing education and science, preserving spiritual and cultural heritage, and improving standards in public health. It helps children, old people, talented youths, teachers, eminent scientists and other participants of the programs. Since 1998, Oleg Deripaska has invested more than RUB10.6 billion in more than 500 charity programs in 50 regions of Russia.

1999

He sits on the board of trustees of the School of Business Administration, the School of Public Administration, and the School of Economics at Moscow State University as well as the School of Business Administration at St. Petersburg State University. Deripaska is a co-founder of the National Science Support Foundation and the National Medicine Fund. In 1999, he was awarded the Order of Friendship, a state award of the Russian Federation. He was named businessman of the year in 1999, 2006, and 2007 by Vedomosti, a Russian business daily.

2000

In 2000, Deripaska started acquiring machine building assets. His first acquisition was Nizhny Novgorod-based Gorkovsky Automobile Plant (GAZ), which was previously a government-run company. In 2005, GAZ Group was established by combining the businessman's machine building assets.

2001

Deripaska's Cypriot registered company Edenfield Investments acquired the Grade II listed Hamstone House in the St George's Hill district of Weybridge, Surrey, in 2001. Deripaska has owned the Haft mansion near Embassy Row in Washington, D.C., through a company incorporated in Delaware since 2006.

2004

In 2004, Deripaska was appointed by the President of Russia to represent the country in the Asia-Pacific Economic Cooperation Business Advisory Council (ABAC). He has been Chairman of ABAC Russia since 2007. Deripaska is the vice president of the Russian Union of Industrialists and Entrepreneurs, chairman of the executive board of the Russian national committee of the International Chamber of Commerce and a member of the Competitiveness and Entrepreneurship Council, an agency of the Russian government.

2005

Russian Machines corporation was established in 2005 and unites Oleg Deripaska's machine building assets. It comprises industrial and engineering assets in the following industries: automotive OEM (GAZ Group), automotive components (RM-Systems), rail industry (RM Rail), aircraft OEM (Aviacor), road construction (RM-Terex) and agricultural machinery (AGCO-RM).

2006

The group was formed in 2006, with Oleg Deripaska as president and controlling shareholder. The En+ Group is a diversified mining, metals and energy group. It owns a majority stake in UC Rusal (48.13%) and in EuroSibEnergo. En+ also holds interests in SMR, one of the world's largest ferromolybdenum producers.

In July 2006, whilst Deripaska was involved in a bid to buy the Daimler Chrysler Group, it was reported that the United States canceled his entry visa; the unnamed official declined to give a reason for the revoking of the visa. The Wall Street Journal reported that it could have been because Deripaska has been accused of having links to organized crime in Russia and cited as their sources two unnamed U.S. law enforcement officials. The New York Times reported on 27 August 2018 that the visa had been revoked on concerns Deripaska might attempt to launder money through real estate transactions. Deripaska had received a multiple-entry visa in 2005; a U.S. Federal Bureau of Investigation spokesman refused to comment. Lobbying on his behalf had been done by former Senate Republican leader and 1996 presidential candidate Bob Dole and his law firm, Alston & Bird, Senate records show. Alston & Bird was paid about US$260,000 in 2005 for work on "Department of State visa policies and procedures" tied to Deripaska.

2007

In order to ensure a stable supply of alumina to its smelters, several mergers and acquisitions were accomplished by RUSAL under Deripaska. At the beginning of the 2000s, RUSAL acquired bauxite mines in Guinea, a country with the world's largest bauxite reserves. Subsequently, RUSAL acquired a stake in an alumina refinery in Australia. At Deripaska's behest, in 2007, RUSAL, SUAL Group, one of the world's top 10 aluminum producers; and Glencore International AG, the Swiss natural resources group, merged their assets to form United Company RUSAL, the world's largest aluminum and alumina producer.

In May 2007, Magna International chairman Frank Stronach announced that Deripaska was becoming a strategic partner in Magna.

Michael Cherney brought legal action against Deripaska in the Commercial Court of the High Court in London. Cherney sought a declaration that he was the beneficial owner of 20% of RUSAL stock which, he claimed, Deripaska held in trust for him. The claim was denied. On 3 May 2007, Justice Langley ruled that Deripaska had not been properly served, and that the court had no jurisdiction to try the claim as Deripaska did not live in England or Wales.

In 2007, Deripaska's Veleron investment vehicle acquired stock in Magna through a $1.2 billion loan from BNP Paribas, with Magna shares serving as collateral. Morgan Stanley was involved in the deal through a swap agreement with BNP Paribas where the US bank assumed the risks of the loan in return for a fixed payment from Paribas.

2008

Deripaska is one of the 16 global business leaders who drafted CEO Climate Policy Recommendations to G8 Leaders, a document outlining the international business community's proposals to tackle global warming. The proposals were signed by more than 100 of the world's leading corporations and handed to the Prime Minister of Japan Yasuo Fukuda on 20 June 2008. The G8 leaders discussed the recommendations during the summit in Japan on 7–9 July 2008. The process was coordinated by the World Economic Forum in collaboration with the World Business Council for Sustainable Development.

On 3 July 2008, Justice Christopher Clarke ruled that the case should be tried in England, although "the natural forum for this litigation is Russia", because, he held, "risks inherent in a trial in Russia...are sufficient to make England the forum in which the case can most suitably be tried in the interest of both parties and the ends of justice". On 22 July 2008, he granted Deripaska the right to appeal. The Court of Appeal of England and Wales rejected the appeal on 31 July 2009.

In September 2008, Magna's stocks plummeted, hit by the global economic downturn. BNP issued a $93 million margin call to Veleron. Morgan Stanley, in turn, learned that Veleron was unlikely to meet the call and sold the stock short. Deripaska claimed that Morgan Stanley abused its duties and engaged in unlawful insider trading that resulted in significant financial damage to Veleron, estimated at $15 million to $25 million. A New York jury determined in November 2015 that Morgan Stanley had "acquired inside information and traded on it despite a duty to keep it confidential and not trade on it," finding as well that Morgan Stanley did not have the intent to defraud Veleron. Veleron strongly disagreed with and said it would file an appeal.

News of the contacts sparked criticism because, as European Union Trade Commissioner, Mandelson had been responsible for decision to cut aluminium tariffs from 6 to 3%, a decision that had benefited Deripaska's Company RusAl. Mandelson insisted that he had never discussed aluminium tariffs with Deripaska. On 26 October 2008 the Shadow Foreign Secretary William Hague claimed the "whole country" wanted "transparency" about Mandelson's previous meetings with Deripaska. In response, Prime Minister Gordon Brown said Mandelson's dealings with Deripaska had been "found to be above board". Mandelson said that meeting business figures from "across the range" in emerging economies was part of his brief as EU Trade Commissioner. On 29 October 2008, while Mandelson was on a ministerial visit to Moscow, it was alleged in the British press that Valery Pechenkin, the head of security at Deripaska's company Basic Element, organised a swift entry visa for Mandelson when he came to Moscow to visit Deripaska in 2005.

In 2008, Forbes estimated his wealth at US$28 billion, making him the then ninth richest man in the world. In 2009, Deripaska's ranking fell to a ranking of No. 164, with Forbes stating: "[H]e may not withstand collapsing markets and heavy debts". In 2010, however, his estimated $10.7 billion fortune allowed him to rise to No. 57 of the World's Billionaires list. According to Forbes magazine, he removed the heads of his two largest companies and personally negotiated with the Russian government, banks, and other creditors to restructure his loan obligations. Deripaska himself in 2007 was reported to have consistently said that the estimate of his wealth was exaggerated, that it did not completely account for the amount of debt he incurred, and that he should be ranked far below the top ten on the list of the Russian billionaires.

2009

In the middle of the financial crisis, Deripaska returned in 2009 to RUSAL as CEO to lead the company through the debt restructuring process. "I worked 16-hour days. We were in default, although none of the parties involved wanted to call it default." As part of contingency measures, Deripaska cut costs at RUSAL by 25% in 2009. By December 2009, Deripaska reached a final agreement with over 70 Russian and international lenders to refinance US$17 billion of debt.

In 2009, Deripaska was again allowed entry and visited the United States twice. The Wall Street Journal reported that according to two unnamed FBI administration officials, Deripaska met with agents regarding a continuing criminal probe, the details of which were not known or reported. During Deripaska's visits, he met with leading management figures from investment banks Goldman Sachs and Morgan Stanley. The aluminum company that Deripaska headed, United Company RUSAL, was in preparations for an initial public offering. The easing of Deripaska's visa issues, which were an issue for possible investors, helped to reassure bankers. The State Department has never said why it revoked his visa and refused to comment on his 2009 visits. The visits were arranged outside of the usual process as the U.S. continues to have concerns about Deripaska's business associations. Deripaska has repeatedly denied a connection to any organized crime and said business rivals have caused the visa to be revoked by smearing him. When interviewed by the BBC in July 2009, Deripaska said that the authorities in the United States had been attempting to blackmail him by revoking his visa and thus affecting possible investors in a negative way and thereby hoping to push Deripaska into cooperating with them.

Deripaska is known for his close ties with Russian president Vladimir Putin. Their relationship became visibly strained amidst Deripaska's financial struggles in 2009. In an incident broadcast on Russian television, Putin visited a stalled cement factory owned by Deripaska and berated its management. He forced Deripaska to sign a contract promising to pay nearly $1 million in unpaid wages. Their relationship recovered, however, and Deripaska has been described as "Putin's favorite industrialist". Leaked U.S. diplomatic cables from 2006 described Deripaska as "among the 2-3 oligarchs Putin turns to on a regular basis" and "a more-or-less permanent fixture on Putin's trips abroad". In an interview with The Globe and Mail, Kinross Gold CEO Tye Burt, who knows Deripaska, said "I believe Russia recognizes Oleg's major role in building a renewed economic base in a broad range of domestic businesses and rejuvenating ailing companies and infrastructure."

2010

On 25 January 2010, the Financial Times published a story titled "Rusal: A lingering heat" exploring Deripaska's business relations with Sergei Popov and Anton Malevsky, alleged heads of Russian organized crime groups. Deripaska has accused Michael Chernoy of using Malevsky and the Izmailovskaya syndicate to extort US$250 million from him as part of a protection racket. However, Deripaska has himself been accused of having similar links to Malevsky, who, with his brother Andrei, owned a 10% stake in Deripaska's company. Deripaska denies the claims.

2011

In November 2011, Spain's High Court sent the criminal cases against Deripaska to the Russian General Prosecutor's office because the root of the cases is Russian.

2012

In September 2012, Cherney terminated his UK lawsuit against Deripaska.

2013

In 2013, Deripaska was awarded the "Aluminium Industry Ambassador Award" in the Metal Bulletin Awards for Excellence for his "great influence within the global aluminium industry and the wider market".

2014

In October 2014, Sochi was granted open skies status, meaning that any foreign carrier may pick up and drop off passengers and cargo with no restrictions on aircraft type, frequency, and regardless of interstate agreements.

In 2014, Volnoe Delo foundation launched a programme on students' early career guidance and professional training—JuniorSkills. The first, pilot, championship on professional skills, JuniorSkills Hi-Tech, was held in the Urals city of Yekaterinburg in 2014, part of the nationwide championship on cross-industry blue-collar professions in high-tech WorldSkills.

In February 2014, Deripaska financed the construction of makeshift kennels to house stray dogs that had been abandoned by construction workers after completing work on the Sochi Olympic Village. Officials said the number of strays exceeded 2,000 and the animals presented a risk of rabies, so they contracted out their extermination. Many of these dogs were saved and more were re-homed in a global adoption program that Deripaska created.

2015

RUSAL went on to become the largest aluminium producer in the world, until the China Hongqiao Group surpassed it in 2015. In 2010, under Deripaska's leadership, Rusal became the first Russian company to be listed on the Hong Kong Stock Exchange.

United Company RUSAL is the world's second largest aluminium company. It was the largest until it was overtaken by China Hongqiao Group in 2015. In 2019, Rusal was overtaken by China's Chalco as the second biggest listed producer of aluminium. As of 2018, UC RUSAL accounts for 5.8% of the world's primary aluminium output and 6.2% of the world's alumina production. The company employs over 62,000 in twenty countries on five continents.

In 2015, Deripaska filed a lawsuit against Morgan Stanley, accusing the bank of using insider information to short sell the businessman's $1.5 billion investment in shares of Canadian-based Magna International in 2008.

Forbes estimated his fortune at $3.3 billion in 2015, $5.2 billion in 2017, and $3.3 billion in 2019.

2016

Deripaska actively advocates cutting the global carbon footprint and calls for the creation of an enforcement mechanism with consequences for countries that do not reduce carbon-intensive emissions, such as those produced by coal-fired powerplants. He also remains a strong advocate of a legally binding climate change deal, but has publicly voiced concern about the potential competitive impact of a Paris climate agreement and also about the absence of binding measures to curb each country's emissions in the near future. "Everyone is in favour; we just need to have more or less fair regulation. There shouldn't be any pockets where people can cheat the system. People shouldn't agree on something that creates another Kyoto protocol that creates nice polished statements", he told the Financial Times in January 2016.

During the 2016 Presidential campaign, it is alleged that Manafort, via Kyiv-based operative Konstantin Kilimnik, offered to provide briefings on political developments to Deripaska Behaviors such as these were seen as an attempt by Manafort to please an oligarch tied to Putin's government.

2017

In 2017, it reported adjusted core earnings of $2.3 billion on revenues totaling $9.8 billion. In November 2017 En+ was listed on the London Stock Exchange.

In 2017, Rusal issued two Eurobonds to finance its debts. The first one, worth $600 million, was issued in February, followed by the second one in April, worth $500 million. Also in February, plans were announced to sell 10 billion yuan worth of seven-year onshore bonds to finance purchases in China. This made Rusal the first foreign company to offer panda bonds on the Shanghai Stock Exchange. The company also agreed on a pre-export finance mechanism with international lenders worth $1.7 billion for debt refinancing.

On 22 March 2017, the Associated Press published a report alleging that Paul Manafort, Donald Trump's former presidential campaign manager, negotiated a $10 million annual contract with Deripaska to promote Russian interests in politics, business, and media coverage in Europe and the United States, starting in 2005. Both Deripaska and Manafort confirmed working together in the past, but rejected the contents of the AP story. Manafort argued that his work had been inaccurately presented, and that there was nothing “inappropriate or nefarious" about it..

Responding to the allegations, on 28 March 2017 Deripaska published open letters in the print editions of The Washington Post and The Wall Street Journal in which he denied having signed a $10 million contract with Manafort in order to benefit the Putin government. He also stated willingness to testify before the United States Congress about these allegations, and argued that the accusations were part of "the negative context of current US-Russian relations." Congressional sources cited by The New York Times said lawmakers declined Deripaska's request after he had asked for immunity. Unnamed officials argued that "immunity agreements create complications for federal criminal investigators".

On 15 May 2017, Deripaska filed a defamation and libel lawsuit against the Associated Press in U.S. District Court in D.C., arguing that the report falsely claimed that Deripaska had signed a contract with Manafort to advance the goals of the Russian government. The lawsuit was dismissed in October 2017 on the grounds that Deripaska had not disputed "any material facts" in the story by the Associated Press.

Deripaska was married to Polina Yumasheva, the daughter of Boris Yeltsin's top adviser Valentin Yumashev and stepdaughter of Yeltsin's daughter Tatyana. While Yeltsin was president, Deripaska's close ties put him in Yeltsin's inner circle, dubbed "The Family". In 2017 Deripaska and Yumasheva had divorced. The Deripaskas have two children: a son, Pyotr (born 2001), and daughter, Maria (born 2003). Deripaska practices yoga, swimming, horseback riding, and hiking. At his home near Moscow, he has seven horses and six dogs.

2018

Deripaska stepped down from RUSAL in May 2018 the day after seven board members and the chief executive resigned. The move was part of a deal with the US Treasury to get U.S. sanctions removed from the company. As part of that deal, in February 2019 it was announced that Deripaska had reduced his ownership stake in EN+ to below 50% in order to obtain sanctions relief.

In February 2018, Alexei Navalny published a video about a meeting between Deripaska and Deputy Prime Minister of Russia Sergei Eduardovich Prikhodko on a yacht traveling near Norway. According to Navalny, Deripaska probably served as a middle man between the Russian government represented by Prikhodko and Paul Manafort during Russian interference in the 2016 United States elections. Prikhodko denied the allegations, accusing Navalny of "mixing the facts" about his "friend" Deripaska, Donald Trump and Paul Manafort, while also voicing his wish to have talk with Navalny as a "man with a man".

Deripaska-linked U.K. company Terra Services Ltd was raided in December 2018.

In April 2018, the United States imposed sanctions on Oleg Deripska and 23 other Russian tycoons and officials. The statement of the United States Department of the Treasury said that Deripaska "ha[d] been accused of threatening the lives of business rivals, illegally wiretapping a government official, and taking part in extortion and racketeering".

In October 2018, the U.S. Treasury announced it had extended until 12 December a deadline for the full imposition of sanctions against Rusal and its parent company En+ Group, pending the review of the proposals presented by En+ Group to the U.S. government that would see Deripaska reduce his stake in En+ to below 45 per cent from around 70 per cent.

In March 2018, it was reported that Deripaska had successfully purchased Cypriot citizenship in 2017 under Cyprus' "golden visa" that generates billions of revenue for the island nation. According to documents seen by The Guardian, Deripaska's first attempt to become a citizen of a country in the EU was unsuccessful because of a preliminary inquiry into his activities in Belgium. The inquiry was dismissed in 2016.

2019

In March 2019, GAZ Group asked the Russian government for $468 million in support claiming that US sanctions placed on Deripaska could cut production by almost 40% in the second half of that year.

In January 2019, the U.S. Treasury lifted the sanctions on companies formerly controlled by Deripaska. Sanctions on Deripaska himself remained in effect. In April 2019, the U.S. Treasury Department nonetheless allowed Deripaska to transfer 10.5 million shares of his holding company En+ Group to a trust fund for his children as part of a divorce settlement with his ex-wife Polina Yumasheva, which had been finalized before the sanctions were put in place. The deal to have U.S. sanctions removed from En+ Group was brokered by Greg Barker, a UK legislator, who in February 2019 went on to be appointed chairman of En+ Group.

In March 2019, Deripaska sued the United States, alleging that it had overstepped its legal bounds in imposing sanctions on him and made him the “latest victim” in the U.S. probe into Moscow's alleged election interference.

Family Members

# Name Relationship Net Worth Salary Age Occupation
#1 Pyotr Deripaska Children N/A N/A N/A
#2 Maria Deripaska Children N/A N/A N/A
#3 Polina Deripaska Spouse N/A N/A N/A

🎂 Upcoming Birthday

Currently, Oleg Deripaska is 54 years, 9 months and 0 days old. Oleg Deripaska will celebrate 55th birthday on a Monday 2nd of January 2023. Below we countdown to Oleg Deripaska upcoming birthday.

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