Viktor Vekselberg – Oil & Gas

Viktor Feliksovich Vekselberg (Russian: Виктор Феликсович Вексельберг; born April 14, 1957, Western Ukraine, Soviet Union) is the owner and president of Renova Group, a large Russian conglomerate.

Contents

1 Business empire

2 Repatriation of major art objects

3 Family

4 External links

Business empire

After working as an engineer in an obscure state lab for many years, Vekselberg moved to business in 1990. He rose to prominence after Yeltsin's reelection in 1996 as co-owner and chairman of Tyumen Oil (TNK), one of Russia's largest oil and gas companies. He took a controlling interest in the company in 1997 and has subsequently developed a joint venture with BP. About the same time he co-founded SUAL Holding, which since grew to control Russia's second-largest aluminum business and is ranked ninth in the world. Later, he integrated those and other assets under the umbrella of Renova Group, delegating operating responsibilities to managers.

Vekselberg is now overseeing a vast restructuring of his assets: the division of property with partner Leonid Blavatnik, the merger of Renova's aluminium assets with those of Oleg Deripaska, and the integration of various electricity and telecommunications investments.

Viktor Vekselberg is often considered to be one of the remaining Russian oligarchs. The Forbes magazine estimated his wealth at 5 billion dollars in March 2005. Actual net worth is estimated over US$10 billion.

Repatriation of major art objects

In February 2004, Vekselberg purchased nine of the Fabergé eggs from the Forbes publishing family in New York City. The collection was transported to Russia and exhibited in the Kremlin.

In September 2006, he agreed to pay the approximately $1 million in expenses to transport the Lowell House Bells from Harvard University back to their original location in the Danilov Monastery and to purchase replacement bells. The bells will be repatriated as early as the summer of 2007.

Family

Vekselberg is of Jewish origin. He is married to Marina and has two children, a daughter and a son, Sasha.

Main Sections @ The Billion Dollar Site

Some interesting questions from Billion Dollar Questions:

Business & Finance

Education & Career

Some other resources you could find interesting

Syn.in – Simply Yummy & New Updates – interesting and cool news updates from around the world
The Outsourcing & Business Process Blog @ eBPO.in

Credits & Copyright: This page is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Viktor Vekselberg

BillDoll.com – The Billion Dollar Site