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Oleg Deripaska

In this name that follows Eastern Slavic naming customs, the patronymic is Vladimirovich and the family name is Deripaska.

Oleg Deripaska
Олег Дерипаска
Deripaska in 2020
Born
Oleg Vladimirovich Deripaska

(1968-01-02) 2 January 1968 (age 56)
Dzerzhinsk, Russian SFSR, Soviet Union
CitizenshipRussia, Cyprus[1]
Alma materMoscow State University
Plekhanov Russian University of Economics
Occupations
Known forFounder of RUSAL
Founder of En+
Founder of Basic Element
Founder of Volnoe Delo
Spouse
Polina Yumasheva
​
​
(m. 2001; div. 2018)​
Children2
Awards
Websitederipaska.com

Oleg Vladimirovich Deripaska (Russian: Олег Владимирович Дерипаска; born 2 January 1968)[2] is a Russian oligarch and billionaire.[3][4] Deripaska enriched himself on previously state-owned assets that were privatized in the aftermath of the collapse of the Soviet Union.[5] He is the founder of Basic Element, one of Russia's largest industrial groups, and Volnoe Delo, Russia's largest charitable foundation. He was the president of En+ Group, a Russian energy company, and headed United Company Rusal, the second-largest aluminum company in the world, until he quit both roles in 2018.[6][7]

He has been characterized as a victor in the "aluminium wars" in Russia during the 1990s, which were frequently violent conflicts between businesspeople to obtain state-owned assets.[8][9] In 2000, Deripaska founded Rusal, the result of a partnership between Sibirsky Aluminium and Roman Abramovich's Millhouse Capital.[10] In 2007, Rusal merged with SUAL Group and Glencore International AG to form UC Rusal, with Deripaska as chairman.[11]

He was once Russia's richest man, but lost a substantial part of his fortune amid the 2007–08 financial crisis. As of June 2022, his wealth was estimated by Forbes at $3.2 billion, making him the 920th richest person in the world.[12] Deripaska bought himself Cypriot citizenship (and therefore EU citizenship) in 2017.[1]

He was placed under U.S. sanctions in 2018 for reasons relating to the 2014 annexation of Crimea by Russia.[13][14] Deripaska was one of seven oligarchs sanctioned by the British government over the 2022 Russian invasion of Ukraine, including asset freezes and travel bans.[15]

As early as 2022 Deripaska was one of a handful Russian businessmen to openly denounce Vladimir Putin's invasion of Ukraine.[16] He returned to the subject in early August 2024 after the Ukrainian incursion into Kursk, when he characterized the Special Military Operation as "insane" and called for it to be stopped immediately.[17]

  1. ^ a b Farolfi, Sara; Harding, Luke (2 March 2018). "EU citizenship for sale as Russian oligarch buys Cypriot passport". The Guardian. Retrieved 5 March 2018.
  2. ^ "Oleg Vladimirovich Deripaska" (in Russian). deripaska.ru. Archived from the original on 8 February 2016. Retrieved 7 November 2012.
  3. ^ Oleg Deripaska, Russian oligarch under siege for Putin ties, Financial Times, 4 May 2018.
  4. ^ U.S. Agents Tried To Turn Oligarch Into an Informer - New York Times, 1 September 2018.
  5. ^ Palma, Stefania (19 October 2021). "FBI searches home linked to Russian metals tycoon Oleg Deripaska". Financial Times. Retrieved 28 February 2022.
  6. ^ Devitt, Polina. "Russian magnate Deripaska to quit roles at his two biggest firms". U.S. Retrieved 14 August 2018.
  7. ^ "Management". United Company Rusal. Archived from the original on 8 February 2016. Retrieved 2 June 2017.
  8. ^ "Biting the bullet, not the dust: Deripaska gives up his aluminum empire". Reuters. 21 December 2018. Retrieved 28 February 2022.
  9. ^ "The war of the four oligarchs". the Guardian. 13 April 2008. Retrieved 28 February 2022.
  10. ^ Whalen, Jeanne (25 September 2003). "Aluminum Shake-Up May Loom in Russia". Wall Street Journal. ISSN 0099-9660. Retrieved 2 June 2017.
  11. ^ "RUSAL, SUAL, Glencore complete aluminium merger". Reuters. 27 March 2007. Retrieved 2 June 2017.
  12. ^ "Oleg Deripaska". Forbes. Retrieved 6 July 2022.
  13. ^ "Oleg Deripaska resigns from Rusal amid US sanctions row". BBC News. 25 May 2018. Retrieved 26 March 2022.
  14. ^ "Treasury Designates Russian Oligarchs, Officials, and Entities in Response to Worldwide Malign Activity". U.S. Department of the Treasury. Retrieved 26 March 2022.
  15. ^ "Ukraine war: Roman Abramovich sanctioned by UK". BBC News. 10 March 2022. Retrieved 10 March 2022.
  16. ^ "Billionaire Oleg Deripaska's Sochi hotel complex seized after Russian court order". www.ft.com. 19 December 2022.
  17. ^ "Миллиардер Дерипаска назвал безумной войну Путина в Украине и призвал немедленно ее остановить".

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