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World's Billionaires - #9

Wednesday, March 5, 2008provided by

© AP Photo
Deripaska-Oleg.JPG

Oleg Deripaska
Russia    
$28.0 bil

  • 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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