Dmitry Rybolovlev

Dmitry Evgenevich Rybolovlev (Russian: Дмитрий Евгеньевич Рыболовлев, born 1966, Perm) is a Russian businessman. In 2010 he ranked #79 in Forbe's billionaire's list.^[1] In 2011, he was ranked #93.^[2]

Career

From 1991-1993 Rybolovlev was director of the medical enterprise "Magnetic", which was engaged in the use of magnetic therapy on the method developed by his father. But it awakens an interest in emerging markets securities. Rybolovlev went to Moscow, where he received a certificate of the Ministry of Finance on securities transactions, and returned to Perm, organized his investment company. According to Rybolovlev, it helped to build relationships with large enterprises, and when the privatization, he "was one of the few trained people to her in the region."

At the end of 1996 (according to other sources - in early 1997) Rybolovlev was arrested on suspicion of murdering the general director of the Perm AO Neftekhimik "(40% of its shares owned Rybolovlev) Eugenia Panteleimon. However, in 1998 the court found him not guilty - Oleg Lomakin admitted to slander against Rybolovlev, and retracted his testimony. In addition, the court defended the widow of slain Rybolovlev, as it was his suggestion Panteleimonov was appointed to his post.

At this point Rybolovlev already controls Uralkaly, one of the world's largest producers of potash fertilizers. He participates in all rounds of privatization of the company, since 1992, including the all-Russia competition of the auction and investment. In addition, Rybolovlev buys paper Uralkali on the open market. He is trying to establish control over the other and potash fertilizer producer in Russia - "sylvinite. But can not collect more than 20% of the company.

In October 2006, Chairman of Audit Committee undertook the first attempt to conduct IPO, however, saw the low investor demand Rybolovlev refused accommodation. The second, successful attempt was made in October 2007 when the London Stock Exchange, RTS and MICEX were sold 12,75% of the total number of shares in the amount of $ 947.97 million success was all the more impressive when one considers that in late 2006 city was flooded one of the major mines Uralkali. In 2008, the Government of Russia has completed the investigation into the cause of the accident, which resulted in the company threatened a heavy fine. Simultaneously, the Summit discussed the establishment of mining and metallurgical company with Uralkali, Rusal, Norilsk Nickel and Metalloinvest. Yet Rybolovlev managed to preserve the independence of the company and agree with the state of the milder punishment for the accident. CURRENT STATUS

Uralkali share Rybolovlev which is about 65%, producing about 10% of global potash fertilizer, with the bulk of output is exported, mostly - China, India and Brazil. In addition, Rybolovlev owns about 20%, sylvite, is developing the same Verkhnekamsk potassium and magnesium salts that Uralkaly.

In 2010 in the midst of a costly divorce,^[3] Rybolovlev sold his shares in Uralkali for $6.5 billion.^[2]

References

1. ^ Forbes (10). "#79 Dmitry Rybolovlev". http://www.forbes.com/lists/2010/10/billionaires-2010_Dmitry-Rybolovlev_KOXZ.html. Retrieved 28 March 2011. 
2. ^ ^{a b} Forbes (March 2011). "Dmitry Rybolovlev". http://www.forbes.com/profile/dmitry-rybolovlev. Retrieved 28 March 2011. 
3. ^ Business Insider (2). "Russia's Potash King Is Getting Destroyed By A $12 Billion Divorce". http://www.businessinsider.com/dmitri-rybolovlev-divorce-2010-11. Retrieved 28 March 2011. 

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