Oleg Deripaska

Oleg Deripaska

Oleg Vladimirovich Deripaska (Russian: Олег Владимирович Дерипаска; born 2 January 1968) is a Russian oligarch and industrialist. He is the founder of Basic Element, one of Russia's largest industrial groups, and Volnoe Delo, Russia's largest charitable foundation. Until 2018, he was the president of En+ Group, a Russian energy company, and until 2018 headed United Company Rusal, the second-largest aluminium company in the world.Deripaska enriched himself on previously state-owned assets that were privatized in the aftermath of the collapse of the Soviet Union. He has been characterized as a victor in the "aluminium wars" in Russia during the 1990s, which were frequently violent conflicts between businesspeople to obtain state-owned assets. In 2000, Deripaska founded Rusal, the result of a partnership between Sibirsky Aluminium and Roman Abramovich's Millhouse Capital. In 2007, Rusal merged with SUAL Group and Glencore International AG to form UC Rusal, with Deripaska as chairman.He was once Russia's richest man, but lost a substantial part of his fortune amid the 2007–08 financial crisis. As of November 2021, his wealth was estimated by Forbes at $4.1 billion and the 775th richest person in the world.He was married to Polina Yumasheva, step-granddaughter of former Russian President Boris Yeltsin and daughter of Valentin Yumashev, Yeltsin's son-in-law and close advisor. They were divorced in 2017.Deripaska bought himself Cypriot citizenship in 2017.As part of a PR campaign, he said in April 2021 that "files of the statistics of Rosstat (Federal State Statistics Service) on the number of poor people whose incomes are below the subsistence minimum in the country don't correspond to reality. According to Rosstat, the number of such people is 17.8 million people, but in fac

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