Vladimir Yevtushenkov

Vladimir P. Yevtushenkov
Born 25 September 1948 (1948-09-25) (age 67)
Nationality USSR → Russia
Net worth US$ 2.8 billion (November 2015) [1]
Spouse(s) married
Children 2

Vladimir Petrovich Yevtushenkov (Evtushenkov) (Russian: Владимир Петрович Евтушенков; born 25 September 1948) is a Russian billionaire business oligarch. He is the president and majority owner of Sistema, and owner of Sitronics.

Early life

Yevtushenkov has master's degrees in chemistry (1973, from Mendeleev Chemical-Engineering Institute in Moscow) and economics (1980), and a PhD in economics (1986).[2] Yevtushenkov worked as an engineer at Karacharovo Plastics Works until 1982, and as Chief Engineer and First Deputy General Director of the Polymerbyt Scientific and Production Association until 1987, when he was appointed as the Head of the Department of Science and Technology for the Moscow city government.[3][4]

Yevtushenkov resigned in 1993 to establish Sistema.[5]

Career

He is the major shareholder and president of the Russian holding company Sistema, which is the largest shareholder in MTS, Russia's largest telecommunications company. In March 2006, he controlled 62% of the shares in Sistema.[6] Yevtushenkov is the owner of the Russian company Sitronics.

In 2009, Sistema purchased oil and gas companies in the Republic of Bashkortostan.[7] This would be the foundation of the oil and gas company Bashneft.

Currently, Yevtushenkov owns 64% of the total conglomerate.

Bashneft and the arrest of Yevtushenkov

In September 2014 Russian investigators placed Yevtushenkov under house arrest, accusing him of money-laundering in connection with the acquisition of shares in oil producer Bashneft.[8] 72% of Bashneft's shares are owned by Sistema, and the company was reported to have been considering listing nearly $2 billion worth of shares on the London Stock Exchange in 2014, but the nationalization of the company by the state has restricted the right of Sistema to sell.[9][10]

On September 25, 2014, an appeal brought by Yevtushenkov's legal team to allow him to go to his office was denied and his house arrest extended until December.[11]

Yevtushenkov, in 2014, according to Forbes, is Russia's 15th richest businessman with a fortune of around US$8.3 billion. A report in Izvestiya said he had been fitted with an electronic bracelet around his ankle. He was banned from leaving his home, speaking with anyone except his lawyers, and using the telephone or internet.[12][13] He was released in December 2014, following the nationalization of oil producer Bashneft's assets. He remains in control of Sistema, stripped of the holdings which were considered a part of Bashneft.

As of November 2015, Forbes estimated his net worth at US$2.8 billion.[1]

Personal life

He is married with two children.

References

  1. 1 2 "Vladimir Yevtushenkov". Forbes. Retrieved 1 November 2015.
  2. ↑ "Profile: Who Is the Arrested Billionaire Vladimir Yevtushenkov? | News". The Moscow Times. Retrieved 2015-12-03.
  3. ↑ Weaver, Courtney. "Vladimir Evtushenkov, Sistema chairman". Financial Times. ISSN 0307-1766. Retrieved 2015-12-03.
  4. ↑ "Stock Quotes & Company News | Reuters.com". www.reuters.com. Retrieved 2015-12-03.
  5. ↑ "Washingtonpost.com: Russia Special Report". www.washingtonpost.com. Retrieved 2015-12-03.
  6. ↑ Source: http://www.sistema.com/section.html?s=143
  7. ↑ "Bashneft Sustainability Report 2009" (PDF).
  8. ↑ Economictimes, 16 September 2014
  9. ↑ "Russia's Bashneft Eyes Foreign Share Listing in 2014-2015". www.advfn.com. Retrieved 2015-12-03.
  10. ↑ Khrennikova, Dina; Rudnitsky, Jake. "Moscow Court Rules to Nationalize Sistema’s Bashneft Shares". Bloomberg.com. Retrieved 2015-12-03.
  11. ↑ "The Arrest Of A Billionaire Does Not Bode Well For Russia's Economy". Business Insider. Retrieved 2015-12-03.
  12. ↑ The Guardian, 17September 2014 yevtushenkov arrest deepens fears
  13. ↑ Bloomberg, 16 September 2014

External links


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