Oleg Deripaska

Net worth over time

Biography

• Oleg Deripaska is the founder of Basic Element, a Russian industrial group with interests in aluminum, energy, construction, agriculture and more.
• In April 2018, the U.S. Department of the Treasury's Office of Foreign Assets Control imposed sanctions against Deripaska and some of his companies.
• In 2000, he merged his Siberian Aluminum with the aluminum assets of Roman Abramovich's Millhouse Capital to form UC Rusal.
• In January 2019, OFAC lifted sanctions on En+ Group, UC Rusal and Eurosibenergo, and Deripaska agreed to permanently reduce his stake to 44.95%.
• He was the richest person in Russia and the 9th richest in the world in 2008 before nearly losing it all due to crashing markets and heavy debts.
• In an IPO in November 2017, En+ Group, which combined Deripaka's stake in UC Rusal and assets in the electric power industry, raised $1.5 billion.
• Deripaska was married to the daughter of Valentin Umashev, former chief of staff and current son-in-law of Russia's first president, Boris Yeltsin.
• He is a subject in a tell-all book written by Nastya Rybka, an alleged escort who calls herself "Deripaska's mistress" on her social media accounts.
• He sued in American courts to challenge the sanctions in March 2019; in June 2021, a District Court judge in Washington, D.C., dismissed his lawsuit.

Financial assets