Viktor Vekselberg

Net worth over time

Biography

• Viktor Vekselberg, a Ukrainian-born aluminum baron, made his first million selling scrap copper from worn-out cables.
• He 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 2018.
• 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.
• Because of the sanctions, $1.5 billion he had in U.S. and Swiss banks are frozen.
• Vekselberg's superyacht Tango was seized by Spanish police and the FBI in Palma de Mallorca in April 2022.
• Vekselberg owns a large art collection, including nine Faberge eggs he bought from the Forbes family for a reported $100 million.
• His biggest investment is in Swiss company Sulzer, which bought shares from him in 2018 to bring his ownership below 50% in order to avoid sanctions.
• He made news in May 2018, after revelations that a U.S. firm he invests in wired $500,000 to an LLC owned by Michael Cohen, then Donald Trump's personal lawyer.

Financial assets