Viktor Vekselberg

Viktor Felixovich Vekselberg ( _ru. Виктор Феликсович Вексельберг; born April 14, 1957, Drohobych, Ukraine, Soviet Union) is the owner and president of Renova Group, a large Russian conglomerate.

Business empire

Victor Vekselberg was born in 1957 in the Western Ukraine. Though his father is Jewish, he doesn't consider himself Jewish because his mother is Slavic.Fact|date=October 2008 He graduated from the Moscow Transportation Engineering Institute in 1979. In 1993, he became Chairman of the Board of Directors of Renova, one of Russia's most progressive investment and business development companies.After working as an engineer in an obscure state lab for many years, Vekselberg moved to business in 1990. He rose to prominence after Yeltsin's reelection in 1996 as co-owner and chairman of Tyumen Oil (TNK), one of Russia's largest oil and gas companies. He took a controlling interest in the company in 1997 and has subsequently developed a joint venture with BP. About the same time he co-founded SUAL Holding, which since grew to control Russia's second-largest aluminum business and is ranked ninth in the world. Later, he integrated those and other assets under the umbrella of Renova Group, delegating operating responsibilities to managers. Acting as a chairman of the executive board of TNK, he was instrumental in negotiating and establishing a 50-50 joint venture with British Petroleum in the largest private transaction in Russian history. He is currently a member of the board of directors and the vice-president of TNK-BP.

Vekselberg is now overseeing a vast restructuring of his assets: the division of property with partner Leonard Blavatnik, the merger of Renova's aluminium assets with those of Oleg Deripaska, and the integration of various electricity and telecommunications investment.

Viktor Vekselberg is often considered to be one of the remaining Russian oligarchs. The Forbes magazine estimated his wealth at $5 billion in March 2005. Actual net worth is estimated over US$10 billion.

Repatriation of major art objects

In February 2004, Vekselberg purchased nine of the Fabergé 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 these eggs in the world, owning 15 of them (11 Imperial, two Kelch, and two other).

In September 2006, he agreed to pay the approximately $1 million in expenses to transport the Lowell House Bells from Harvard University back to their original location in the Danilov Monastery and to purchase replacement bells. The historic bells returned to Moscow September 12th of 2008.

Family

He is married to Marina and has two children, a daughter, Irina, and a son, Aleksander.

References

External links

* [http://www.forbes.com/lists/2006/10/CGPE.html Forbes:Viktor Vekselberg]
* [http://www.renova.ru/eng/ RENOVA]