Saturday, November 5, 2011

Oleg Deripaska

Oleg Vladimirovich Deripaska (born 2 January 1968) is the Russian Chief executive officer of Basic Element company and a member of the Board of Directors and CEO of United Company RUSAL, a Russian aluminium industry company. Deripaska owns a London home in Belgrave Square, which was originally the town residence of the Dukes of Bedford; lives in Moscow.

Deripaska's estimated fortune was $28 billion in 2008, according to the Forbes wealthiest list, making him the ninth richest man in the world. In 2009, Deripaska's ranking fell to a ranking of #164, with Forbes stating: "he may not withstand collapsing markets and heavy debts". However, in 2010 his fortune allowed him to rise to #57 of the World's Billionaires list with an estimated $10.7 billion. According to Forbes magazine, he removed the heads of his two largest companies and personally negotiated with the Russian government, banks and other creditors to restructure his loan obligations.

Deripaska was born in Dzerzhinsk, Nizhny Novgorod Oblast, but grew up in Ust-Labinsk, Krasnodar Krai. He graduated with honors in physics from Moscow State University in 1993, and in 1996, he earned an economics degree from the Plekhanov Russian Academy of Economics. He was general manager of the Sayanogorsk Smelter (1994–97) and held the post of president of Sibirsky Aluminium Investment Industrial Group (1997–2001), which later became a core of Basic Element.

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