Vladimir Yevtushenkov’s profile picture

Vladimir Yevtushenkov

Vladimir Yevtushenkov’s profile picture
Net worth 2018: $2.01 Billion
Industry: Telecom
Residence: Moscow, Russia
Country: Russia
BirthDay: 25 September 1948
Sigh: Libra
Children: 2
Education: Bachelor of Arts / Science, Mendeleyev Chemical Engin; Master of Science, Moscow State University
BIOGRAPHY

Vladimir Yevtushenkov was bornon 25 September 1948 in Moscow, Russia, Russia. Vladimir Yevtushenkov is #1177 in List Billionaires People In The World. Once worth $9 billion, Vladimir Yevtushenkov has seen his fortune shrink after a court ordered him to return his stake in oil company Bashneft to the state. He was placed under house arrest for three months during an investigation that preceded the ruling. In January 2016, the Investigative Committee of the Russian Federation closed a related criminal case against him, primarily due to lack of evidence. A former plastics engineer, Yevtushenkov co-founded Sistema and took it public on the London Stock Exchange in 2005, the same year he invested in Bashneft. His Sistema still owns MTS, the largest cellular operator in Russia, and has interests in the energy, engineering, agriculture and media industries. It also owns toy store Detsky Mir and a chain of clinics.

NET WORTH STATISTIC
2009

$1.2 Billion

2010

$7.5 Billion

2011

$7.7 Billion

2012

$6 Billion

2013

$6.7 Billion

2014

$9 Billion

2015

$2.8 Billion

2016

$2.4 Billion

2017

$3.5 Billion

2018

$2.01 Billion

TIMELINE
Vladimir Petrovich Yevtushenkov (Evtushenkov) (Russian: Владимир Петрович Евтушенков; born 25 September 1948) is a Russian billionaire business oligarch. He is the majority owner and chairman of Sistema.Yevtushenkov has master's degrees in chemistry (1973, from Mendeleev Chemical-Engineering Institute in Moscow) and economics (1980), and a PhD in economics (1986). 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.Yevtushenkov resigned in 1993 to establish Sistema.Since 1995 he is the major shareholder and chairman of the board of the Russian investment holding company Sistema (together with another Top Managers such as Evgeny Novitsky). Sistema was an early shareholder in Russian mobile telecommunications pioneer VimpelCom, and sold its stake when the company was the first Russian company to list on the New York Stock Exchange in November 1996. Yevtushenkov took Sistema public in February 2005, in a $1.35 billion IPO that was Russia's largest ever at the time. Today Sistema is the largest shareholder in MTS, Russia's largest telecommunications company. Other major Sistema assets include children's goods retailer Detsky Mir, pulp and paper holding Segezha Group , Russia’s largest chain of private healthcare clinics MEDSI etc.In 2009, Sistema purchased oil and gas companies in the Republic of Bashkortostan. This would be the foundation of the oil and gas company Bashneft.Currently, Yevtushenkov owns 64% of the total conglomerate. In 2014, according to Forbes, he was Russia's 15th richest businessman with a fortune of around US$8.3 billion. On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion.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. 72% of Bashneft's shares were owned by Sistema. Sistema said it considered the accusations baseless. In December 2014 as ruled by the Moscow Arbitration (Commercial) Court Bashneft was re-nationalised. Following the return of Bashneft to State ownership, in February 2015 the Moscow Arbitration Court awarded Yevtushenkov’s Sistema RUB 70.7 billion ($1.1 billion) in damages from the loss of Bashneft. And in January 2016, all the accusations against him in connection with the acquisition of Bashneft has been dismissed as it was found that no crime had been committed.He is married with two children, and lives in Moscow.
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