Oleg Deripaska
Overview
- Source of Wealth
- Aluminum, utilities
- Industry
- Metals & Mining
- Residence
- Moscow
- Education
- Moscow State University (Master of Science)Plekhanov Russian University of Economics (Master of Economics)
- Marital Status
- Divorced
- Children
- 2
Assets
- En+ Group_Russia287,163,000 shares @ --ENPG-RU
- GAZ Auto Works11,307,000 shares @ --GAZA-RU
- Strabag28,523,000 shares @ --STR-AT
Biography
Oleg Deripaska is the founder of Basic Element, a Russian industrial group with interests in aluminum, energy, construction, agriculture and more.
In April 2018, the U.S. Department of the Treasury's Office of Foreign Assets Control imposed sanctions against Deripaska and some of his companies.
In 2000, he merged his Siberian Aluminum with the aluminum assets of Roman Abramovich's Millhouse Capital to form UC Rusal.
In January 2019, OFAC lifted sanctions on En+ Group, UC Rusal and Eurosibenergo, and Deripaska agreed to permanently reduce his stake to 44.95%.
He was the richest person in Russia and the 9th richest in the world in 2008 before nearly losing it all due to crashing markets and heavy debts.
In an IPO in November 2017, En+ Group, which combined Deripaka's stake in UC Rusal and assets in the electric power industry, raised $1.5 billion.
About
Deripaska was married to the daughter of Valentin Umashev, former chief of staff and current son-in-law of Russia's first president, Boris Yeltsin.
He is a subject in a tell-all book written by Nastya Rybka, an alleged escort who calls herself "Deripaska's mistress" on her social media accounts.
He sued in American courts to challenge the sanctions in March 2019; in June 2021, a District Court judge in Washington, D.C., dismissed his lawsuit.