Viktor Vekselberg (original) (raw)

• Viktor Vekselberg, a Ukrainian-born aluminum baron, made his first million selling scrap copper from worn-out cables.
• He later bought several medium-size aluminum smelters and bauxite mines and united them into Sual Holding in 1996.
• Eleven years later, he merged it with billionaire Oleg Deripaska's Russian Aluminum to form UC Rusal. Both were sanctioned by the U.S. in April 2018.
• A partner of billionaires Mikhail Fridman and Len Blavatnik in oil company TNK-BP, he sold his stake in 2013 to state-owned Rosneft for $7 billion.
• Because of the sanctions, $1.5 billion he had in U.S. and Swiss banks are frozen.
• Vekselberg's superyacht Tango was seized by Spanish police and the FBI in Palma de Mallorca in April 2022.

Wealth History

HOVER TO REVEAL NET WORTH BY YEAR

Forbes Lists

Personal Stats

Age

67

Source of Wealth

Metals, investments, Self Made

Residence

Moscow, Russia

Citizenship

Russia

Marital Status

Married

Children

2

Education

Master of Science, Moscow State University of Railway Engineering

Did you know

Vekselberg owns a large art collection, including nine Faberge eggs he bought from the Forbes family for a reported $100 million.

His biggest investment is in Swiss company Sulzer, which bought shares from him in 2018 to bring his ownership below 50% in order to avoid sanctions.

He made news in May 2018, after revelations that a U.S. firm he invests in wired $500,000 to an LLC owned by Michael Cohen, then Donald Trump's personal lawyer.

In Their Own Words

For me, being rich means being responsible first and foremost. Money is hard to earn, but it is even harder to manage it correctly.

Viktor Vekselberg

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