Franklin, Andrews, Kramer & Edelstein

[scion]

A company connected to Oleg Deripaska is taking Mr Manafor to court after their long-running business relationship surfaced amid the Russia collusion investigation.

http://www.telegraph.co.uk/news/2018/01/11/russian-oligarch-sues-trumps-former-aide-manafort-fraud/

Russian Billionaire Tied To Paul Manafort Is $1.6 Billion Richer Since Trump's Election

Noah Kirsch , FORBES STAFF Lists #TrumpsAmerica
MAR 31, 2017 @ 09:05 AM
I principally cover billionaires and entrepreneurs.

Oleg Deripaska, an international aluminum tycoon, is one of five dozen Russian billionaires whose net worth has risen since Donald Trump’s election. The 49-year-old Muscovite has benefited tremendously from a global rebound in aluminum prices and a surge in the ruble’s value; his fortune has jumped $1.6 billion since November 8.

Deripaska, now worth an estimated $5.3 billion, made headlines last week after the Associated Press reported that he paid former Trump campaign chairman Paul Manafort millions of dollars as a consultant beginning in 2006 with the intention of influencing global politics on behalf of the Russian state. Both Manafort and Deripaska have denied that allegation.

A former metals trader, Deripaska holds the bulk of his fortune in shares of United Company Rusal, which bills itself as the world’s largest aluminum producer. Rusal’s stock has climbed 41% higher since the general election, including a more-than 4% gain on Thursday.

Sergey Donskoy, a senior metals and mining analyst at Societe Generale, attributes much of the increase to a strong international aluminum market caused, in part, by predicted Chinese domestic production caps. He expects global aluminum prices to further rally this year.

Rusal’s stock has undoubtedly also benefited, at least in the short term, from President Trump’s ascendance. Its stock rose 16% the day after his victory alone.

Deripaska is not the only high-net-worth Russian with solid post-election returns. To date, ; in the last year, the group’s combined net worth has risen $104 billion.

Deripaska’s career has been marked by extreme volatility. After taking control of Russian Aluminum in 2000, he rose to become the world’s 9th richest person by 2008, with a $28 billion fortune. But he nearly lost everything when the global financial crisis hit and his companies struggled with heavy debt loads.

Following the collapse, Deripaska, who married into the family of former president Boris Yeltsin, negotiated with the Russian government to restructure his loan obligations. His personal worth has since partially recovered, and he now holds a diverse portfolio with investments in automotive, metals and financial services businesses.

In last week's Associated Press report, Deripaska, an ally of President Vladimir Putin, was accused of hiring Paul Manafort to a $10 million annual contract starting in 2006. Manafort allegedly created a “plan to ‘greatly benefit the Putin government’” by influencing "politics, business dealings” and media in the US and Europe.

In an ad placed in The Washington Post and The Wall Street Journal, Deripaska called those claims "false allegations" and said that he had been made the "subject of a massive and misleading campaign."

In a statement provided to FORBES, a representative for Manafort confirmed that the former Trump adviser worked for Deripaska as a consultant for Rusal, but firmly denied that Manafort was ever employed by, or on behalf of, the Russian government. The spokesperson classified many of this week’s reports as “smear and innuendo being used to paint a false picture.”

He did not respond to questions about whether Manafort has ever been employed by Russian billionaires other than Deripaska.

Follow Noah on Twitter @Noah_Kirsch.

Oleg Deripaska, an international aluminum tycoon, is one of five dozen Russian billionaires whose net worth has risen since Donald Trump’s election. The 49-year-old Muscovite has benefited tremendously from a global rebound in aluminum prices and a surge in the ruble’s value; his fortune has jumped $1.6 billion since November 8.

Deripaska, now worth an estimated $5.3 billion, made headlines last week after the Associated Press reported that he paid former Trump campaign chairman Paul Manafort millions of dollars as a consultant beginning in 2006 with the intention of influencing global politics on behalf of the Russian state. Both Manafort and Deripaska have denied that allegation.

A former metals trader, Deripaska holds the bulk of his fortune in shares of United Company Rusal, which bills itself as the world’s largest aluminum producer. Rusal’s stock has climbed 41% higher since the general election, including a more-than 4% gain on Thursday.

Sergey Donskoy, a senior metals and mining analyst at Societe Generale, attributes much of the increase to a strong international aluminum market caused, in part, by predicted Chinese domestic production caps. He expects global aluminum prices to further rally this year.

Rusal’s stock has undoubtedly also benefited, at least in the short term, from President Trump’s ascendance. Its stock rose 16% the day after his victory alone.

Deripaska is not the only high-net-worth Russian with solid post-election returns. To date, ; in the last year, the group’s combined net worth has risen $104 billion.

Deripaska’s career has been marked by extreme volatility. After taking control of Russian Aluminum in 2000, he rose to become the world’s 9th richest person by 2008, with a $28 billion fortune. But he nearly lost everything when the global financial crisis hit and his companies struggled with heavy debt loads.

Following the collapse, Deripaska, who married into the family of former president Boris Yeltsin, negotiated with the Russian government to restructure his loan obligations. His personal worth has since partially recovered, and he now holds a diverse portfolio with investments in automotive, metals and financial services businesses.

In last week's Associated Press report, Deripaska, an ally of President Vladimir Putin, was accused of hiring Paul Manafort to a $10 million annual contract starting in 2006. Manafort allegedly created a “plan to ‘greatly benefit the Putin government’” by influencing "politics, business dealings” and media in the US and Europe.

In an ad placed in The Washington Post and The Wall Street Journal, Deripaska called those claims "false allegations" and said that he had been made the "subject of a massive and misleading campaign."

In a statement provided to FORBES, a representative for Manafort confirmed that the former Trump adviser worked for Deripaska as a consultant for Rusal, but firmly denied that Manafort was ever employed by, or on behalf of, the Russian government. The spokesperson classified many of this week’s reports as “smear and innuendo being used to paint a false picture.”

He did not respond to questions about whether Manafort has ever been employed by Russian billionaires other than Deripaska.

Follow Noah on Twitter @Noah_Kirsch.

https://www.forbes.com/sites/noahkirsch/2017/03/31/russian-billionaire-oleg-deripaska-paul-manafort-trump-net-worth-rises/#206805fd40f9

Manafort’s Russia connection: What you need to know about Oleg Deripaska

By Andrew Roth September 24, 2017
https://www.washingtonpost.com/news/worldviews/wp/2017/09/24/manaforts-russia-connection-what-you-need-to-know-about-oleg-deripaska/?utm_term=.ffaa9cb5f2a1

MOSCOW — An aluminum magnate who survived the gangster capitalism of the 1990s and the financial crisis of 2008, Oleg Deripaska is a shrewd self-made billionaire who has managed to stay on the right side of power, whether by marrying into "the family" of Russia's first president, Boris Yeltsin, or by making himself indispensable to its current one, Vladimir Putin.

As my Washington-based colleagues reported this week, former Trump campaign chairman Paul Manafort allegedly offered to provide Deripaska, 49, with personal briefings about the 2016 presidential election less than two weeks before Trump accepted the Republican nomination. The emailed offer, said to have been sent to a Russian colleague of Manafort's, is among tens of thousands of documents that have been turned over to investigators looking into possible collusion between Trump associates and Russia as part of an effort by the Kremlin to interfere in the 2016 U.S. election.

[Manafort offered to give Russian billionaire ‘private briefings’ on 2016 campaign]

It is unclear whether such an offer reached Deripaska, and a spokesman for the businessman denied that it did. But Manafort's apparent readiness to share information with an oligarch known to be part of a trusted circle of businessmen near Putin is one of the most concrete revelations to emerge from the probe into Trump's Russia links.
...
more
https://www.washingtonpost.com/news/worldviews/wp/2017/09/24/manaforts-russia-connection-what-you-need-to-know-about-oleg-deripaska/?utm_term=.ffaa9cb5f2a1

Oleg Deripaska

REAL TIME NET WORTH — as of 1/14/18
$7.1 B

Russian aluminum billionaire Deripaska employed Paul Manafort, Donald Trump's former campaign head, to help further Russia's President Vladimir Putin's interests, according to an Associated Press report. Deripaska had been one of the key moguls awarded contracts in Sochi in the lead up to the 2014 Olympics. He also married into former President Boris Yeltsin's family. A former metals trader, he assumed control of Russian Aluminum in 2000 at age 31. He was the nation's richest person and 9th richest in world in 2008 before nearly losing it all due to crashing markets and heavy debts. He personally negotiated with the Russian government, banks and other creditors to restructure his loan obligations. Today, through his Basic Element, he owns stakes in UC Rusal, a leading aluminum producer; EuroSibEnergo, one of the largest hydroelectric power producers in the world; GAZ Group, a leading automotive company; Ingosstrakh, an insurance company, and AgroHolding Kuban, a large agricultural company in Russia.

https://www.forbes.com/profile/oleg-deripaska/