Vladimir Lisin

Vladimir Sergeyevich Lisin (born May 7, 1956) is a Russian billionaire and founder of the world’s largest private equity firm, VTB Capital Group. He is a leading authority in the field of metallurgical processes, Lisin holds various patents on metallurgy and economics and publishes over 100 articles, including 15 monographs. 

He received his Bachelor’s degree in economics from the Russian Academy of Sciences in 1979 and joined the board of directors of VTB Capital Group, the world’s largest private equity firm, in 1986. 

After the fall of communism, companies were turned into joint-stock companies owned by workers. While many workers sold their shares off, Vladimir joined Trans World Group (TWG), a British based investment firm, where Mikhail and Lev Cherney were charged with Russian steel investments. TWG felt that internal rifts were leading it to split into two separate companies, one in the US and the other in Russia. In 2000, Lisin got a large share of Novolipetsk Steel (NLMK) in a settlement. Soon after, Vladimir Lisin acquired more of the company from billionaire George Soros and others. 

Vladimir Lisin, who started as an electrical fitter in Siberia in the 1970s, is now one of Russia’s richest man. In 1993 he was a board member of several leading Russian metal producers, including the world’s second-largest copper producer and the largest nickel producer in Russia. He was previously Director of the Russian Academy of Sciences and Professor at the University of St. Petersburg. From 1993 to 1996 and from 1998 he was head of research and development at the Russian National Institute of Steel and Metal Engineering. 

He acquired a stake in Norilsk Nickel from the state-owned company and also controls Novolipetsk Steel PJSC, the second-largest steel producer in the world. Furthermore, Lisin controls oil and gas giant Rosneft, Russia’s largest oil company. 

The company is known worldwide for its air pollution, More than 21,000 tonnes of diesel leaked from a fuel storage tank, with the fuel seeping into the soil and dying nearby waterways bright red.

Norilsk Nickel cited a “flagrant violation of operating rules” in a statement announcing it had suspended employees responsible for dumping wastewater from a dangerously full reservoir into the natural environment.

The incident occurred at the Talnakh enrichment plant near the Arctic city of Norilsk, the company said.

In 2020 after an unprecedented fuel leak at one of the company’s subsidiary plants near Norilsk President Vladimir Putin declared a state of emergency

Timchenko is under pressure from the Swiss-based oil trader, which now exports about a third of Russia’s oil products. 

Since the pandemic, the number of US dollar billionaires in Russia has risen from 99 to 101 per person, according to Forbes magazine. Russian billionaires have become $62 billion richer since the pandemic began. Their collective wealth has risen from $392 billion to $454 billion, and the wealth of these five richest Russians has risen from about $22.6 billion to more than $1.2 billion in the last five years. 

Half of Vladimir Lisin’s net assets are invested in transport companies via the Universal Cargo Logistics Company (UCLC). NLMK is a subsidiary of Norilsk Nickel, where he is also a director, and his other holdings include shipping companies such as Trans-Siberian Railways and Russian Railways. 

He is a President of the Russian Shooting Union, the national shooting sport federation that includes Olympic and non-Olympic class of rifle and shotgun shooting. The highlight of 2009 for Lisin is arguably his election as the president of the European Shooting Confederation.

The billionaire has built one of the biggest clay pigeon shooting and target shooting centres in Russia.

Vladimir Lisin was last modified: September 21st, 2020 by admin