Thursday, March 06, 2008

Oleg Deripaska Russia US$28B



Former metals trader survived the gangster wars in the post-Soviet aluminum industry.


His holding company, Basic Element, now owns Russian Aluminum (UC Rusal), automobile manufacturer GAZ, aircraft manufacturer Aviacor and insurance company Ingosstrakh.


In 2006 Rusal, SUAL and Glencore International, of Switzerland, merged their aluminum assets into the United Company Rusal, the world's largest aluminum producer.


Married to a relative of Boris Yeltsin, Deripaska has been busy expanding UC Rusal's activities in Russia and abroad, moving it into aluminum production in Nigeria and China.


To integrate vertically, he has signed agreements to produce coal in Kazakhstan and invest in a nuclear power plant in eastern Russia.


Attempting to get a stake in Norilsk Nickel, which co-owner (and fellow billionaire) Vladimir Potanin is fighting.

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