Deripaska

Rank #909

RUSSIA•Metals & Mining•Aluminum, utilities

Oleg Deripaska

Net Worth

$4.429B

+0.69% (24h)

Oleg Deripaska, born in 1968, is a prominent Russian industrialist and billionaire with an estimated net worth of $4.3 billion as of late 2024. His wealth primarily stems from his ventures in the aluminum and utilities industries. Deripaska's career began in the metals trade after the breakup of the Soviet Union. He founded Basic Element, a major Russian industrial group, and was the former president of En+ Group and head of United Company RUSAL (UC Rusal), one of the world's largest aluminum producers. Deripaska has also been involved in various controversies, including accusations of links to organized crime and U.S. sanctions related to Russia's actions in Ukraine. He has been married and divorced and has two children.

The Full Dossier

Early Life and Education

Oleg Vladimirovich Deripaska was born on January 2, 1968, in Dzerzhinsk, Russia. He graduated with honors in physics from Moscow State University in 1993 and earned a master's degree from the Plekhanov Russian University of Economics in 1996.

Rise to Success

Deripaska began his career in the metals trade, acquiring stakes in the Sayanogorsk aluminium smelter. In 1994, at the age of 26, he became the director general of the plant. He founded Sibirsky Aluminium Group in 1997, which merged with Millhouse Capital to create RUSAL in 2000. He played a key role in the 'aluminium wars' of the 1990s in Russia. By 2007, he was Russia's richest man.

Key Business Strategies

Deripaska's strategy involved consolidating aluminum assets and expanding into various sectors like energy, manufacturing, and financial services through his company Basic Element. He led the merger of Rusal, SUAL Group, and Glencore International AG to form UC Rusal.

Philanthropy

Deripaska established Volnoe Delo, Russia's largest charitable foundation.

Career Timeline

2018

Sanctions Imposed

The U.S. Department of the Treasury's Office of Foreign Assets Control imposed sanctions against Deripaska and some of his companies.

2007

Merged Rusal with SUAL Group and Glencore International AG

Formed UC Rusal, becoming its chairman.

2000

Founded Rusal

Founded Rusal, a partnership between Sibirsky Aluminium and Roman Abramovich's Millhouse Capital.

1997

Founded Basic Element

Established one of Russia's largest industrial groups.

1994

Director General of Sayanogorsk Aluminium Smelter

Became the director at age 26.

1993

Graduated from Moscow State University

Obtained a degree in Physics with honors.

Philanthropic Impact

PhilanthropyN/A

Volnoe Delo

Russia's largest charitable foundation, supporting various initiatives in education, health, and culture.