Viktor Vekselberg
Moscow, Russia
Bachelor of Arts/Science, Moscow State University of Railway Engineering
Russia
metals, energy, Self Made
$11,700,000,000
118
#119 Billionaires 2019
Vekselberg made news in May after revelations that a U.S. firm he invests in wired $500,000 to an LLC owned by Michael Cohen, Trump's personal lawyer.The Ukrainian-born aluminum baron made his first million selling scrap copper from worn-out cables. Vekselberg 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.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.
Vekselberg owns a large art collection, including nine Faberge eggs he bought from the Forbes family for a reported $100 million.His current core asset, Swiss company Sulzer, purchased shares in April 2018 from Vekselberg to bring his ownership below 50% in order to avoid sanctions.
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