Igor Olenicoff’s profile picture

Igor Olenicoff

Igor Olenicoff’s profile picture
Net worth 2018: $4.23 Billion
Industry: Real Estate
Residence: Lighthouse Point, Florida
Country: United States
BirthDay: 1943
Children: 2
Education: Bachelor of Arts / Science, University of Southern California; Master of Science, University of Southern California; Master of Business Administration, University of Southern California
BIOGRAPHY

Igor Olenicoff was bornon 1943 in Lighthouse Point, Florida, United States. Igor Olenicoff is #510 in List Billionaires People In The World. Russian immigrant Igor Olenicoff fled the Soviet Union with his family at age 15, and eventually built up a substantial real estate empire. His Olen Properties owns 8 million square feet of office space and 12,000 residential units in California and four other U.S. states. In 2007, Olenicoff pleaded guilty to lying on his tax return about keeping $200 million in offshore accounts, and agreed to pay $52 million in taxes

NET WORTH STATISTIC
2009

$1.5 Billion

2010

$2.5 Billion

2011

$2.6 Billion

2012

$2.4 Billion

2013

$2.9 Billion

2014

$3.3 Billion

2015

$3.6 Billion

2016

$3.7 Billion

2017

$3.7 Billion

2018

$4.23 Billion

TIMELINE
2014

On January 14, 2014, District Court Judge Charles P

2012

"In August 2012, UBS sued Olenicoff under California law for malicious prosecution

2011

In 2011, Olenicoff claimed that the sculpture and three others like it that were on display at other Olen sites had been bought in Beijing during the 2008 Olympic Games

2010

As of December 2010, Igor Olenicoff was listed as the Newport Beach, CA-based private foundation's president

2008

Since Olenicoff was sentenced in 2008, 63% of those defendants in offshore tax evasion cases have not been sentenced to jail

2007

In December 2007, Olenicoff pleaded guilty to a single felony count of filing a false tax return for 2002

2006

In 2006, Forbes Magazine estimated his fortune at $1

2004

In 2004, the artist sent emails to Southern California real estate firms, including Olenicoff's real estate company Olen Properties, featuring the image of his amoeba-like sculpture "Untitled" to see if they were interested in purchasing any of his works

2001

Olenicoff became a client of UBS in 2001, and transferred $200 million to the bank using credit cards supplied by Birkenfeld

1996

The IRS hit Olenicoff with a $77 million for back taxes and penalties for the years 1996 and 1997 and was investigating him and Sovereign for the 2002 and 2003 tax years

1992

While the prosecutor admitted that Olenicoff had cooperated with the government as per the terms of his plea bargain, he had illegally used off-shore banks to avoid taxes since at least 1992

1980

However, Olenicoff told the magazine that he did not own the company, claiming that it was owned by an offshore company–incorporated company since 1980

1973

In 1973, he purchased a 16 unit duplex with his newly founded company Olen Properties

1943

Igor Olenicoff (born 1943) is an American billionaire and real estate developer

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