Alexey Kuzmichev
Alexey Kuzmichev | |
|---|---|
.jpg) Kuzmichev in 2015 | |
| Born | 15 October 1962 |
| Occupation | Businessman |
| Spouse | Svetlana Kuzmicheva-Uspenskaya |
Alexey Viktorovich Kuzmichev or Kousmichoff (Russian: Алексей Викторович Кузьмичёв) is a Russian businessman. He is one of the founders of the LetterOne Group (LetterOne) and the Alfa Group.[1]
Kuzmichev is a stakeholder in VimpelCom, Alfa-Bank, and X5 Retail Group.[2] In March 2013, Kuzmichev sold his stake in energy venture TNK-BP to state-run oil company Rosneft for $2.5 billion. Forbes magazine rated Kuzmichev as the 138th world's richest person in 2013 with a fortune estimated at $8.8 billion.[3]
Early life & career
Kuzmichev was born in 1962 in Kirov, Russia. Between 1980 and 1982 he served in the army on the Soviet-Chinese border as a radio operator. During this time he joined the Communist party.[citation needed]
In 1983, he enrolled in the Moscow Institute of Steel and Alloys where he met his future business partners, Mikhail Fridman and German Khan. In 1988 Kuzmichev, Fridman and Khan, along with Mikhail Alfimov, founded Alfa Photo, which specialized in the import of photo chemicals.[citation needed]
Later, Kuzmichev convinced his partners to diversify into the export business. Thus in 1998 Alfa Eco was founded. This venture would become the basis of Alfa Group Consortium. (In 2005, Alfa Eco was rebranded as A1).[citation needed]
Alfa Group
Alfa Group’s portfolio includes the largest commercial bank in Russia, Alfa-Bank, (with affiliates in Ukraine, Kazakhstan, Belarus and the Netherlands/Amsterdam Trade Bank); international telecom company VimpelCom (the sixth largest mobile network operator in the world by subscribers as of April, 2012); as well as holding shares in Turkish telecommunications company Turkcell. Until April 2012, Alfa Group owned 25 percent of Russian cell phone operator MegaFon; it sold its share for $5.2 billion. Alfa also has stakes in Russian retailer X5 Retail Group,[2] Rosvodokanal Group; and insurance company, Alfa-Strakhovanie Group.[4] Kuzmichev owns over 18 percent of the consortium’s joint assets and is a member of the board of directors of Alfa Finance Holdings. The Group’s major transactions include TNK oil company privatization, which later became a part of TNK-BP venture, Russia’s third-largest oil producer. In March 2013 Alfa Group and its joint partners AAR Consortium sold 50 percent of TNK-BP to Russian oil company Rosneft.[citation needed]
Kuzmichev is responsible for overseeing Alfa Group’s international trading operations.[citation needed]
Sinking of The Prestige
Crown Resources, a European oil and commodity trading arm of Alfa Group, of which Kuzmichev is chairman, was the owner of the oil cargo on The Prestige vessel, which sank near the coast of Galicia, Spain in 2002. The case concerning The Prestige centred on the negligence of the vessel’s owner and was completed in July 2013. No accusations or financial claims were brought against Crown Resources.[5]
LetterOne Group
Kuzmichev is one of the original founders of the LetterOne Group. The LetterOne Group (LetterOne) is an international investment business based in Luxembourg. Its investments are focused on the telecoms, technology and energy sectors through its two main business units, L1 Energy and L1 Technology.[6] Despite recently being required by the Government to sell their North Sea oil and gas fields, LetterOne have reportedly been told in a letter from a senior UK official that this 'is not a judgement on the suitability of LetterOne’s owners to control these or any other assets in the UK.[7]
International sanctions due to the invasion of Ukraine by Russia
2 yachts of Alexei Kuzmichev has been seized by France due the sanctions against russians billionaires (invasion of Ukraina by Russia)[1].
Personal life
Kuzmichev is married to Svetlana Kuzmicheva-Uspenskaya.[8] In 2016, he bought a $42 million mansion in New York City.[9]
See also
References
- ^ "Supervisory Board". Alfa Group.
- ^ a b "X5 Retail Group". X5.ru. 14 August 2014. Retrieved 26 September 2015.
- ^ "Alexei Kuzmichev". Forbes. Retrieved 26 September 2015.
- ^ "About company". Alfastrah.ru. Retrieved 26 September 2015.
- ^ Govan, Fiona. "Prestige oil tanker sinking: Spanish court finds nobody responsible". The Telegraph. Retrieved 26 September 2015.
- ^ "Alexey Kuzmichev". Archived from the original on 18 March 2018. Retrieved 21 December 2015.
- ^ "Ineos targets further North Sea assets in wake of $750m deal". Financial Times.
- ^ "Leadership". Project Perpetual. Archived from the original on 8 December 2015. Retrieved 4 December 2015.
- ^ Chaffin, Joshua (19 March 2022). "Wealthy Russian property owners leave Manhattan with a whisper". Financial Times. Retrieved 19 March 2022.
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