Viktor Vekselberg's Biography

Viktor Vekselberg is a prominent Russian billionaire, industrialist, and philanthropist, best known as the chairman of Renova Group, a major conglomerate with diverse interests in oil, gas, aluminum, and high-tech industries. Born on April 14, 1957, in Drohobych, Ukraine (then part of the Soviet Union), Vekselberg pursued engineering at the Moscow Institute of Transport Engineers before venturing into business during the privatization wave of the 1990s. His first major success came with the co-founding of Renova Group, which quickly became a powerhouse in the Russian energy sector. Over the decades, Vekselberg expanded his portfolio, acquiring significant stakes in companies like RUSAL, Sulzer, and Oerlikon. He is also globally recognized for his extensive collection of Fabergé eggs, reflecting his passion for art and history. Despite his business achievements, Vekselberg has faced notable controversies, including U.S. sanctions and asset freezes due to alleged connections with the Russian government. Nevertheless, he remains active in philanthropy and innovation, investing in technology and supporting cultural heritage projects. As of 2024, his estimated net worth stands at $5.3 billion, making him one of Russia's wealthiest and most influential figures in the global business landscape.