From rags to riches: the rich oligarch Dmitry Rybolovlev

Born into a family of doctors in Perm Dmitry Rybolovlev had to continue the dynasty. Some time before he could do it: admission to the Perm medical Institute with the first attempt, graduated with honors, internship at the hospital, a bright future given the large relations of the father — known in the city as a physiotherapist. But despite the prestige of the profession of doctor in Soviet times, money to a young family of Dmitry and his wife Elena lacked, it was the restructuring, has created opportunities for private business, and then the next multi-billionaire decided to start his own business.

photo: Mikhail Kovalev

Working as a nurse in the intensive care unit for employment record, in his spare time he promoted among the elite fashionable Perm at the time, magnetotherapy, where his father was investigating. Dmitry had succeeded in this, got a useful link and made friends with the Directors of the Perm factories. They were often paid for the treatment with magnets is not money, but the products of their enterprises, the resale of which Rybolovlev and made the first capital. In the early 1990s, the Perm businessman was one of the first certificate of the Ministry of Finance on operations with securities, and in 1994 has headed Bank “Credit FD” and several investment companies. Dating with Perm chiefs Rybolovlev successfully used during privatization: he offered them services on keeping the register of shareholders at each company there was a great variety in the result of the voucher campaign, “the name Chubais.” As a former medic got hold of financial information about almost all Perm plants and started buying shares of the most profitable of them, including Uralkali, the largest producer and exporter of mineral fertilizers.

Becoming first a member of the Board of Directors, and later head of the company, Rybolovlev owned a controlling stake in Uralkali until 2010, when resold them to the structures of another oligarch Suleiman Kerimov, for $6.3 billion Sale was preceded by four years of litigation in the case about the accident at the Uralkali mine in Berezniki (the flooding of the mine with human victims and billions in damages). By the way, and then Rybolovlev has helped useful contacts. To avoid huge fines and loss of reputation because of the disaster he, according to media reports, was assisted by the then Minister for resources and nature management of the Russian Federation Yuri Trutnev, probably in gratitude for the fact that the oligarch in the early noughties sponsored his election campaign on a post of the Governor of the Perm region. By the way, the Rybolovlev also tried to sue, but even earlier — in “dashing” 90‑e. he was accused of nothing less than the murder of the General Director of the company “Neftekhimik” Evgeny Panteleymonov. The businessman had to stay in jail for almost a year until, until he finally managed to pay off and make unprecedented at the time a Deposit of one billion rubles.

After the sale of shares of Uralkali’s Rybolovlev from Suleymanova went to the building of “Voentorg” — a tasty morsel in the center of Moscow. But from him, as from its main potash asset, the businessman wanted to hurry to get rid of — by that time he already knew that in Russia, he did not Shine, and relations with the Kremlin does not add up. The flames added Rybolovlev’s refusal to participate in financing the construction of roads in the Perm region, which he tried to impose authority. In 2014, he put up for sale his last major Russian asset — “Voentorg”, and finally transferred the whole business abroad, where he moved himself. Currently Dmitry Rybolovlev owns real estate in Switzerland and Monaco. This is the tiny Principality in Central Europe, he moved to permanent residence. In 2010, he bought shares of the Bank of the Republic of Cyprus and the football club “Monaco”, the profit from which he lives.

According to the latest Forbes magazine, as Dmitry Rybolovlev is estimated at $7.3 billion In the Russian list of the richest people he is in the 15th place as of 2017, although in the last year, with $400 million more stood on the 12‑th row. However, Bloomberg in 2016, assessed the condition of the oligarch in $9 billion In the ranking of the richest people in the world a former nurse, once cleaned patients, and now living in the Bohemian Principality, occupied 112‑e a place.

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