Viktor Vekselberg
Metals, investments · Moscow
Net worth
$9.8B
Today
+$65M+0.66%Past month
+$493M+5.30%As of Nov 11, 2026, 1:50 PM EST
Viktor Vekselberg, a Ukrainian-born aluminum baron, made his first million selling scrap copper from worn-out cables. He later bought several medium-size aluminum smelters and bauxite mines and united them into Sual Holding in 1996. Eleven years later, he merged it with billionaire Oleg Deripaska's Russian Aluminum to form UC Rusal. Both were sanctioned by the U.S. in April 2018. A partner of billionaires Mikhail Fridman and Len Blavatnik in oil company TNK-BP, he sold his stake in 2013 to state-owned Rosneft for $7 billion. Because of the sanctions, $1.5 billion he had in U.S. and Swiss banks are frozen. Vekselberg's superyacht Tango was seized by Spanish police and the FBI in Palma de Mallorca in April 2022.
Net worth over time
Principal holdings
8 positions| Company | Industry | Share | Value |
|---|---|---|---|
Private and other holdings | Diversified | 43.9% | $4.3B |
Sulzer SIX SWISS: SUN-CH | Diversified | 37.6% | $3.7B |
United Co. RUSAL Plc HONG KONG: 486-HK | Diversified | 6.9% | $680M |
Bank of Cyprus Holdings PLC FRANKFURT: 318-DE | Diversified | 5.1% | $499M |
OC Oerlikon Corporation AG SIX SWISS: OERL-CH | Diversified | 4.0% | $390M |
Medmix SIX SWISS: MEDX-CH | Diversified | 2.2% | $212M |
Interregional Distribution Grid MICEX: MRKU-RU | Diversified | 0.3% | $31M |
Swiss Steel Holding SIX SWISS: STLN-CH | Diversified | 0.0% | $2M |
Also known for
- Vekselberg owns a large art collection, including nine Faberge eggs he bought from the Forbes family for a reported $100 million.
- His biggest investment is in Swiss company Sulzer, which bought shares from him in 2018 to bring his ownership below 50% in order to avoid sanctions.
- He made news in May 2018, after revelations that a U.S. firm he invests in wired $500,000 to an LLC owned by Michael Cohen, then Donald Trump's personal lawyer.
“For me, being rich means being responsible first and foremost. Money is hard to earn, but it is even harder to manage it correctly.”