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 Oleg Deripaska

Born:   2 January 1968

Russian tycoon


Oleg Deripaska is a famous Russian businessmen and a regular participant of the ratings published by the Forbes magazine. His way to success and prosperity wasn’t long but the results are impressive.

Oleg Deripaska was born 2 January 1968 in the town of Dzerzhinsk to a common family. His parents came from Kuban, a region in the southern part of Russia. In 1985 he finished school and entered Moscow State University, Physics Department. Like all Soviet young man he joined the army and spend two years (1986-1988) with the Strategic Missile Forces.

His fellow students say Oleg was a very enterprising person, who found a way to make money before he got a degree. Oleg graduated from the university in 1993, but he had no wish to become a physicist – being a last-year student Oleg was appointed a financial director of so-called Military Financial Investment Company – that is how his incredible career started.

Upon graduation from the university, Mr. Deripaska founded a small metals trading operation and established a foothold within the domestic metals industry, which was rife with opportunity following the fall of the Soviet Union. Virtually all the profits from these operations were used to acquire the initial package of shares of the Sayanogorsk Aluminum Smelter, the nation's third largest electrolysis plant located in Eastern Siberia.

In 1994, Mr. Deripaska became Director General of the Sayanogorsk Aluminum Smelter. In an environment of market uncertainty and labor related strife, under his leadership the plant became the leading player in the industry in terms of profitability, technological development, product quality and environmental safety.

In 1997, the Smelter became the core asset of Sibirsky Aluminum Group, the forerunner of Basic Element. The Group united several enterprises of the aluminum complex producing a wide spectrum of goods from rolled metal and intermediate products to components for aerospace industry, shipbuilding and motorcar construction, aluminum foil, as well as large-capacity railway containers and flatcars.

At the end of 1998, the Sayanogorsk Aluminum Smelter was named among the 20 leading Russian companies by Expert, one of the most reputable business magazines in Russia. At the beginning of the year 2000 Sibirsky Aluminum became one of the world's top ten producers of aluminum products.

In 2000 Mr. Deripaska became Director General of Russian Aluminium (RUSAL), set up as a result of amalgamation of aluminium smelters and alumina refineries owned and operated by shareholders in Sibirsky Aluminium and the major Russian oil company Sibneft. Mr. Deripaska is currently a member of the Board of Directors of United Company RUSAL.

He also serves as the Chairman of the Supervisory Board of Basic Element, a diversified investment company with 300,000 employees across Russia, Europe, Africa, Latin America and Australia. In 2006, the consolidated revenues of Basic Element’s portfolio businesses amounted to more than $18 billion. The company’s assets – valued at more than $23 billion – span a number of different industry sectors, including Energy, Manufacturing, Resources, Financial Services, Construction, and Aviation.

2006 became a landmark in RUSAL’s history, as the company was to unite with SUAL and Swiss Glencore to form the world’s largest producer of aluminum and alloys, but the name of the newly established company remained the same – RUSAL. Today Deripaska is a member of the board of directors. RUSAL is expected to place 20-25% of its shares on the London Stock Exchange.

Mr. Deripaska is Vice President of the Russian Union of Industrialists and Entrepreneurs, Chairman of the Executive Board of the Russian National Committee of the International Chamber of Commerce and a member of the Competitiveness and Entrepreneurship Council, an agency of the Russian Government. He is also a member of the Boards of Trustees of the National Science Support Foundation, the Bolshoi Theatre and the Schools of Business Administration at Moscow State University and St. Petersburg State University.

Some facts about Oleg Deripaska

He resides in Moscow.

He is known as Vladimir Putin’s friend and often accompanied him in his trips.

His hobby is “consumption of concentrated information”, which means books and the Internet.

Got married in 2001 and has two children.



Olga Pletneva


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