Oleg Deripaska Net Worth

What is Oleg Deripaska’s Net Worth?

Oleg Deripaska is a Russian businessman with a net worth of $2 billion. He is a billionaire industrialist and the founder of Basic Element, an industrial group established in 1997. Deripaska is also the founder and former head of En+ Group, an energy company, as well as the United Company RUSAL, an aluminum company. However, his net worth has fluctuated over the years due to various business and political scandals, as well as economic downturns.

Highlights

– Oleg Deripaska is a Russian billionaire with a net worth of $2 billion.
– He founded the industrial group Basic Element in 1997, as well as the energy company En+ Group and the aluminum company United Company RUSAL.
– Deripaska has been involved in many business and political scandals.
– He was among the Russian oligarchs sanctioned by Western countries during Russia’s invasion of Ukraine in 2022.

Early Life

Oleg Deripaska was born on January 2, 1968, in Dzerzhinsk, Soviet Russia. He grew up on his family’s farm in Ust-Labinsk and was mostly raised by his grandparents. Deripaska began working at a young age, and due to his skill in mathematics, he was able to enroll at Moscow State University when he was 17. However, he was recruited into the armed forces, and after serving, he returned to Moscow State to complete his education. Deripaska graduated with a physics degree in 1993 and went on to earn his master’s degree from the Plekhanov University of Economics in 1996.

Career

Deripaska established the metal trading company VTK in the early 90s, where he achieved significant success by buying metal at low Russian prices and selling it at higher international market rates. He used his profits to purchase shares in the Sayanogorsk aluminum smelter and eventually became its director general. In 2000, he founded Sibirsky Aluminum Group, which later merged with Millhouse Capital to form RUSAL. As the head of RUSAL, Deripaska turned it into the largest aluminum producer in the world. He expanded his business interests by acquiring stakes in various industries, including energy, manufacturing, auto, finance, aviation, and agriculture. Deripaska also founded En+ Group, a mining, metals, and energy company, in 2006.

Personal Life

In 2001, Deripaska married Polina Yumasheva, the daughter of Russian president Boris Yeltsin’s top adviser. They had two children, a son named Pyotr and a daughter named Maria, before divorcing in 2018. Deripaska is also known for his philanthropic efforts, including the creation of the charitable foundation Volnoe Delo, which funds initiatives in education, science, cultural heritage, and public health in Russia. He also sits on the boards of multiple organizations and has financed various ballets and operas at the Bolshoi Theatre.

Net Worth Over Time

Oleg Deripaska’s net worth has experienced significant fluctuations over the years. In 2007, his net worth was approximately $28 billion. However, by late 2008, his net worth had plummeted to $4 billion as a result of the global economic downturn. Deripaska’s wealth has also been affected by various scandals and economic sanctions imposed by the United States, the United Kingdom, and the European Union.

Components of Net Worth

Deripaska’s net worth is primarily derived from his business ventures and investments. His notable assets include Basic Element, En+ Group, RUSAL, EuroSibEnergo, Ingosstrakh, and the GAZ Group. These assets form part of his diversified investment portfolio. However, it is important to note that Deripaska’s net worth also reflects the impact of economic fluctuations, sanctions, and legal battles that have affected his business interests. Additionally, his net worth may change over time due to market conditions, investment performance, and other factors.

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