Oleg Deripaska Net Worth – Biography, Career, Personal Life and Legacy

What is Oleg Deripaska’s Net Worth and Salary?

Oleg Deripaska is a Russian billionaire businessman and investor whose net worth, according to Forbes, is $4.5 billion as of 2021. His sources of income stem from his stake in various businesses, including En+ Group, RUSAL, and Basic Element.

The businessman’s primary business is Basic Element, which is a conglomerate of over 100 companies that comprise finance, agriculture, aviation, construction, energy, mining, and manufacturing. He acquired his wealth through this business and its subsidiaries.

Deripaska’s income and wealth have been the subject of much speculation due to his connections to the Russian government, and he is considered to be one of the wealthiest people in Russia.

Early Life and Education

Oleg Vladimirovich Deripaska was born on January 2, 1968, in Dzerzhinsk, Russia. He grew up in a family that had connections with the communist party and worked in the defense industry.

Deripaska is a graduate of Moscow State University of Railway Engineering, where he studied physics. He also has an economics degree from the Plekhanov Institute, and an MBA from Moscow State University.

Career

After his graduation, Deripaska worked for several businesses before becoming the manager of a metals plant in the Ural Mountains. In 1993, he founded the trading company, VTK, which specialized in exporting aluminum. Deripaska was appointed as the general manager of Russian Aluminum, now known as RUSAL, in 2000.

Deripaska played a major role in the merger of RUSAL with SUAL and Glencore International AG’s aluminum assets, which created the largest aluminum producer in the world. He also helped to create EN+ Group, which is a leading energy and environmental organization.

Deripaska’s business interests have garnered controversy, particularly due to his alleged ties to the Russian government. In 2018, he was sanctioned by the US government for his involvement in foreign interference in US elections and other malicious activities.

Personal Life

Oleg Deripaska is married to Polina Deripaska and has two children. He is known for his love of sports cars and his collection of expensive vehicles.

He is also a philanthropist and has contributed to various causes, including education, social welfare, and the arts.

Legacy

Oleg Deripaska is known for his significant contributions to the metals industry, particularly in the production of aluminum. He founded RUSAL, which has become one of the largest aluminum producers in the world.

Deripaska’s business empire, Basic Element, also plays a significant role in the economy of Russia and is responsible for providing employment to many people.

Real Estate

Deripaska is known to own several luxurious properties, including a mansion in Moscow and another in London. His London residence, a 6,000 square-foot mansion on Upper Belgrave Street, was purchased in 2009 for over 41 million pounds.

FAQs

1. How did Oleg Deripaska become so wealthy?

Oleg Deripaska became wealthy through his stake in various businesses, including En+ Group, RUSAL, and Basic Element. He also founded his trading company, VTK, which specialized in exporting aluminum. Deripaska’s income and wealth have been the subject of much speculation due to his connections to the Russian government.

2. What businesses does Deripaska own?

Deripaska’s primary business is Basic Element, which is a conglomerate of over 100 companies that comprise finance, agriculture, aviation, construction, energy, mining, and manufacturing. He also has a significant stake in En+ Group, which is a leading energy and environmental organization.

3. What controversy has Deripaska been involved in?

Deripaska has been involved in several controversies due to his connections to the Russian government. In 2018, he was sanctioned by the US government for his involvement in foreign interference in US elections and other malicious activities.

4. What is Deripaska’s involvement in the metals industry?

Deripaska founded RUSAL, which has become one of the largest aluminum producers in the world. He played a major role in the merger of RUSAL with SUAL and Glencore International AG’s aluminum assets, which created the largest aluminum producer in the world.

5. What philanthropic causes has Deripaska contributed to?

Deripaska is a philanthropist and has contributed to various causes, including education, social welfare, and the arts.

6. What is Deripaska’s personal life like?

Deripaska is married to Polina Deripaska and has two children. He is known for his love of sports cars and his collection of expensive vehicles.

7. What luxurious properties does Deripaska own?

Deripaska is known to own several luxurious properties, including a mansion in Moscow and another in London.

8. What is Deripaska’s legacy?

Oleg Deripaska is known for his significant contributions to the metals industry, particularly in the production of aluminum. His business empire, Basic Element, also plays a significant role in the economy of Russia and is responsible for providing employment to many people.

9. What has been the impact of the sanctions on Deripaska’s businesses?

The sanctions placed on Deripaska by the US government in 2018 have had a significant impact on his businesses, as several countries have stopped doing business with him or his companies due to fears of being penalized by the US government.

10. How did Deripaska acquire his education?

Oleg Deripaska is a graduate of Moscow State University of Railway Engineering, where he studied physics. He also has an economics degree from the Plekhanov Institute, and an MBA from Moscow State University.

11. What is En+ Group?

En+ Group is a leading energy and environmental organization that Oleg Deripaska co-founded. It is involved in various businesses, including power generation, hydrocarbons and metals production, engineering and construction services, and environmental projects.

12. How has Deripaska been involved in foreign politics?

Deripaska has been accused of being involved in foreign politics, particularly in interference in the US election and other malicious activities. He was sanctioned by the US government for his involvement in these activities.

13. What is Basic Element?

Basic Element is a conglomerate of over 100 companies that comprise finance, agriculture, aviation, construction, energy, mining, and manufacturing. Oleg Deripaska is the founder of the company.

14. How has Deripaska contributed to the economy of Russia?

Oleg Deripaska’s business empire, Basic Element, contributes significantly to the economy of Russia and is responsible for providing employment to many people. Deripaska also played a significant role in the metals industry with the creation of RUSAL, which has become one of the largest aluminum producers in the world.

15. What is Deripaska’s role in the creation of RUSAL?

Oleg Deripaska played a significant role in creating RUSAL, which has become one of the largest aluminum producers in the world. He helped to merge RUSAL with SUAL and Glencore International AG’s aluminum assets, which created the largest aluminum producer in the world.