Vladimir Potanin Net Worth

Net Worth of Vladimir Potanin

Net Worth Salary Birthdate Birthplace Gender Height Profession Nationality
$35 billion N/A January 3, 1961 Moscow, Soviet Union Male N/A Billionaire Oligarch Russian

Highlights

Vladimir Potanin is a Russian billionaire oligarch with an estimated net worth of $35 billion. He is one of the richest individuals in Russia and has been at times the richest person in the country.

Early Life

Vladimir Potanin was born on January 3, 1961 in Moscow, Soviet Union. He hails from a high-ranking communist family. He attended the elite Moscow State Institute of International Relations, which trained students for service in the Ministry of Foreign Affairs. Potanin graduated from the school in 1983 and began working with the Ministry of Foreign Trade.

Career

In 1991, Vladimir Potanin co-founded the private Moscow-based company Interros with his business partner Mikhail Prokhorov. A couple of years later, he became the president of the newly created United Export Import Bank. Potanin played a significant role in Boris Yeltsin’s loans-for-shares scheme in 1995, which allowed Russian firms’ assets to be sold at below-market prices, leading to the emergence of the Russian oligarchy. Potanin and Prokhorov utilized this scheme to acquire the mining and smelting company Norilsk Nickel.

Potanin held various positions throughout his career, including serving as the Russian Federation’s First Deputy Prime Minister from 1996 to 1997. He also became the president and chairman of the board of directors of Interros. Additionally, he took control of the National Council on Corporate Governance in 2003.

Personal Life

Potanin was married to Natalia in 1983, with whom he had three children. They divorced in 2014. In the same year, he married Ekaterina and they have two children together. Potanin is known for owning luxury yachts including Barbara, Nirvana, and Anastasia.

Net Worth Over Time

Vladimir Potanin’s net worth has fluctuated over time due to various factors such as business ventures and market dynamics. As of now, his net worth is estimated to be $35 billion.

Components of Net Worth

Potanin owns a 30% stake in the publicly traded mining company Norilsk Nickel, which contributes significantly to his net worth. He has earned billions through dividends and selling shares in buyback programs. Additionally, he made a substantial sum from selling his Rosbank stock. Potanin has also invested in various business ventures, including a ski resort near Sochi and a leopard-breeding program in Russia’s Mzymta Valley. He has also been involved in philanthropic efforts through the Vladimir Potanin Foundation and is the only Russian to have signed the Giving Pledge.

In conclusion, Vladimir Potanin is a prominent Russian billionaire oligarch with a net worth of $35 billion. He amassed his fortune through various business ventures, including the acquisition of Norilsk Nickel. Despite facing environmental criticisms related to his role as CEO of Norilsk Nickel, Potanin has made efforts to address the issue. He has diversified his investments and plays a significant role in philanthropy.

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