V iktor Vekselberg is a Ukrainian-born Russian oligarch who has built a vast and diversified industrial empire. He made his initial fortune in the 1990s by founding the Renova Group, an investment vehicle he used to participate in the privatization of Russia's aluminum industry. This led to the creation of Sual Holding, which he later merged with its rival, Rusal, to create the world's largest aluminum company. He also made a massive fortune from the 2013 sale of his stake in the oil company TNK-BP to the state-owned Rosneft.
His business interests are diverse, with investments in energy, mining, and telecommunications. He is also a major art collector, famous for purchasing the world's largest collection of Fabergé eggs and bringing them back to Russia. In recent years, his business empire has been severely impacted by U.S. sanctions, which were first imposed on him in 2018. These sanctions have frozen his assets and restricted his ability to do business internationally, significantly impacting his personal fortune.
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