Who is Oleg Vladimirovich Deripaska?

Oleg Vladimirovich Deripaska is a well-known Russian oligarch and philanthropist, who founded and own ‘Basic Element’, counted among the largest diversified industrial groups in Russia.  Oleg Deripaska was born on January 2, 1968, in Dzerzhinsk, Nizhny Novgorod Oblast, Russian SFSR. The first metal trading company established by him was VTK. He set it up at the age of 25 along with fellow engineers, rocket scientists and physicists. He delved in export arbitrage by purchasing metal at Russian prices considerably much lower than the international market price in which it was sold abroad.  He owns ‘Basic Element’ that he founded in 1997. It emerged as one of the largest diversified Russian industrial groups with its core assets being concentrated in 6 economic sectors namely manufacturing, energy, financial services, mining, agribusiness, airport management and construction and real estate. He serves as Vice President of the ‘Russian Union of Industrialists and Entrepreneurs’ and as member of the Russian government agency ‘Competitiveness and Entrepreneurship Council’.

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