In this success post, we are going to share the story of Vladimir Potanin, a Russian entrepreneur and billionaire. He acquired his wealth notably via the controversial loans for shares programs in Russia.
He is one of the wealthiest men in Russia, with an estimated net worth of $13.5 billion. His long term business partner was Mikhail Prokhorov until they decided to split in the year 2008. Moreover, they put their mutual assets in a holding company, Follentina Trading, until their asset division was agreed upon.
Vladimir Potanin Early life and education
Potanin was born in Moscow, in the former USSR, into a high ranking communist family. In the year 1978, he attended the faculty of the international economic relations at Moscow State Institute of International Relations. Which groomed students for the Ministry of Foreign Affairs. Upon graduating MGIMO in the year 1983, he followed in his father’s footsteps and went to work for the FTO with the Ministry of Foreign Trade of the Soviet Union.
Vladimir Potanin Career
At the time of perestroika, Vladimir Potanin quit the state structures of Foreign trade, and in the year 1991, created the private association Interros using his knowledge gathered at the Ministry of Foreign Trade and his previous professional network. In the year 1993, Potanin became the President of the United Export-Import Bank. From the 14th of August 1996 until the 17th of March 1997. He worked as a First Deputy Prime Minister of the Russian Federation. Since the year 1998, Potanin has held the positions of both the Chairman and President of the Board of directors of the Interros Company.
Potanin Interros owns around 30% controls Russian Nickel giant Norilsk Nickel, a company operated and owned by the Olef Deripaska RUSAL, Abram Reznikov ALamak Espana Trade and Alisher Usmanov’s Metalloinvest. Since March 2003, Potanin has taken charge of the National Council on Corporate Governance. Because whose main goal is to improve the legislative regulations in Russia and to introduce professional. And ethical standards of corporate governance into the operations of Russian companies to boost up the investment and reputation appeal of the Russian business.
Vladimir Potanin Personal Life
Vladimir Potanin, the first marriage was to Natalia Potanina, the couple has three children. Also, the pair divorced in the year 2013 December. Potanin was married a second time in the year 2014 to Ekaterina. Potanin is fluent in English, French, and Russian.
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