Viktor Vekselberg
Energy

Viktor Vekselberg Net Worth

Viktor Vekselberg is a Ukrainian-born oil baron who made his first million selling scrap copper from worn-out cables. He led Russia's first successful hostile takeover in 1994 and later bought several medium-size aluminum smelters and bauxite mines, uniting them into Sual Holding. In 2013, he and his partners sold their 50% stake in joint oil venture TNK-BP to state-owned Rosneft, receiving $7 billion in cash. He has since invested in several companies, and owns a large art collection, including nine Faberge eggs he bought from the Forbes family for $100 million.
Viktor Vekselberg is a member of Energy

Age, Biography and Wiki

Birth Day April 14, 1957
Birth Place Moscow, Russia, Russia
Age 66 YEARS OLD
Birth Sign Taurus
Citizenship Ukraine  Russia  Cyprus
Alma mater Moscow Transportation Engineering Institute
Occupation Owner of Renova Group
Awards Order "For Merit to the Fatherland" (4th class) Order of Alexander Nevsky
Website vekselberg.org

💰 Net worth: $6.8 Billion (2024)

Viktor Vekselberg is a prominent figure in Russia, particularly in the energy sector. With his extensive experience and expertise, he has garnered significant wealth throughout his career. As of 2024, his net worth is estimated to be around $6.8 billion, making him one of the wealthiest individuals in the country. Vekselberg's success can be attributed to his strategic investments and ventures in the energy industry, which have yielded substantial returns. His entrepreneurial spirit and keen business acumen have cemented his reputation as a power player in Russia's energy landscape.

2009 $1.8 Billion
2010 $6.4 Billion
2011 $13 Billion
2012 $12.4 Billion
2013 $15.1 Billion
2014 $17.2 Billion
2015 $14.2 Billion
2016 $10.5 Billion
2017 $12.4 Billion
2018 $14.64 Billion

Biography/Timeline

1957

Victor Vekselberg was born in 1957 to a Ukrainian Jewish Father and a Russian mother in Drohobych, Ukrainian Soviet Socialist Republic (although some reports state that he was born in Lviv). In 1979, he graduated from the Moscow Transportation Engineering Institute. Thereafter, he worked as an Engineer and research manager at a state-owned pump manufacturer.

1988

In 1988, after the Gorbachev administration relaxed restrictions on private Business as part of his new policy Perestroika and Glasnost, he founded NPO Komvek which did work for the Irkutsk Aluminum Plant and in 1990, he co-founded Renova Group with college classmate, Leonard Blavatnik. KomVek owned 67% of Renova and Blavatnik’s company Access Industries owned the remainder. He benefited financially from the privatization of the aluminum industry in Russia under the Yeltsin administration in 1993. In 1996, he co-founded the Siberian-Urals Aluminium Company (SUAL) via a merger of the Ural and Irkutsk Aluminum Plants. (SUAL would later be incorporated into United Company RUSAL, the largest aluminum company in the world). Using revenues generated from his aluminum Business, he purchased a minority interest in Tyumen Oil (TNK), one of Russia's largest oil and gas companies. In 1997, he secured a controlling interest in Tyumen and was appointed to the Board of Directors; in 1998, he was appointed Chairman of the Board. Later, he integrated those and other assets under the umbrella of Renova Group, delegating operating responsibilities to managers.

2003

In 2003, the Renova Group, along with Access Industries (owned by Leonard Blavatnik) and the Alfa Group (owned by Mikhail Fridman, German Khan, and Alexei Kuzmichov) announced the creation of a strategic partnership to jointly hold their oil assets in Russia and Ukraine, forming the AAR consortium. In the same year, they merged AAR with British Petroleum's Russian oil assets in a 50-50 joint venture named TNK-BP, the largest private transaction in Russian history. Acting as a chairman of the executive board of TNK, Vekselberg was instrumental in negotiating and closing the transaction.

2005

Vekselberg had paid £1.7 million at a Christie's auction in 2005 for Odalisque, a nude said to be the work of Russian Artist Boris Kustodiev. However, soon after the purchase, experts working for Vekselberg's art fund, Aurora, began to cast doubt on the picture's authenticity. They claimed that Kustodiev's signature, dated 1919, was done in aluminium-based pigment not available until after the artist's death in 1927. Vekselberg sued Christie's, and the judge ruled in July 2012 that he was entitled to recover the £1.7 million that he paid for the painting, plus Christie's was ordered to pay around £1 million in costs.

2008

In September 2006, Vekselberg agreed to pay approximately $1 million in expenses to transport the Lowell House Bells from Harvard University in the United States back to their original location in the Danilov Monastery and to purchase replacement bells. The historic bells returned to Moscow on September 12, 2008, with the assistance of the U.S. Director of the organization, Edward Mermelstein.

2013

In February 2004, Vekselberg purchased nine Fabergé Imperial Easter eggs from the Forbes publishing family in New York City. The collection was transported to Russia and exhibited in the Kremlin and in Dubrovnik in 2007. Vekselberg is the single largest owner of Fabergé eggs in the world, owning fifteen of them (nine Imperial, two Kelch, and four other Fabergé eggs). In a 2013 BBC Four documentary, Vekselberg revealed that he had spent just over $100 million purchasing the nine Fabergé Imperial eggs from the Forbes collection. He claims never to have displayed them in his home, saying he bought them because they are important to Russian history and culture, and he believed them to be the best jewelry art in the world. In the same BBC documentary, Vekselberg revealed plans to open a museum to display the eggs in his collection. The result was the Fabergé Museum in Saint Petersburg, Russia, which had its official opening ceremony on November 19, 2013.

2018

Vekselberg is close to the Moscow Kremlin, overseeing projects to modernize the Russian economy. In April 2018, the United States imposed sanctions on him and 23 other Russian nationals

Some Viktor Vekselberg images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.