Vladimir Potanin net worth

What is Vladimir Potanin’s net worth?

 

Net Worth:  $35bn

Age:  61

Born:  January 3, 1961

Gender:  Male

Height:  1.79 m (5 ft 10 in)

Country of Origin:  Russia

Source of Wealth:  Former first deputy prime minister of Russia

Last Updated:  August 2, 2022

Introduction

Vladimir Potanin is a Russian billionaire, entrepreneur and oligarch.

Potanin acquired his wealth notably through the controversial loans-for-shares program in Russia in the early to mid-1990s. He is one of the wealthiest men in Russia. Today he has stakes in pharmaceutical company Petrovax Pharm and ski resort Rosa Khutor, near Sochi.

As of August 2022, Potanin’s net worth is roughly $35bn.

Early Life

Vladimir Olegovich Potanin was born on the 3rd of January 1961, in Moscow.

In 1978, he attended the faculty of the International economic relations at Moscow State Institute of International Relations, which groomed students for the Ministry of Foreign Affairs.

Upon graduating from MGIMO in 1983, he followed in his father’s footsteps and went to work for the FTO “Soyuzpromexport” with the ministry of foreign trade of the Soviet Union.

Career

From 1996 until 1997, Potanin worked as the first deputy prime minister of the Russian federation. Since August 1998, Potanin has held the positions of both president and chairman of the board of directors of the Interros Company.

Potanin’s company, Interros, owns 30 percent and controls Russian nickel giant Norilsk Nickel, a company owned by Oleg Deripaska’s RUSAL, Abram Reznikov’s Alamak Espana Trade, and Alisher Usmanov’s Metalloinvest.

Potanin has taken charge of the National Council on Corporate Governance, whose main goal is to improve the legislative regulations in Russia and introduce professional and ethical standards of corporate governance into the operations of Russian companies to boost up the reputation and investment appeal of the Russian business.

Since December 2001, he has also been a member of the Board of Trustees of the Solomon R. Guggenheim Foundation.

In 2007, he was named an officer of the prestigious Order of Arts and Literature for his cultural contributions. The French ministry of culture and communications granted the award.

As of August 2022, Vladimir Potanin’s net worth is estimated to be roughly $3bn.

Highlights

Here are a few highlights from Vladimir Potanin’s career:

One of the wealthiest people in Russia

Norilsk Nickel

“Putin list” (2018)

Favourite Quotes from Vladimir Potanin

“Frankly speaking, I decided to become a businessman at the moment when I understood that it is possible because I grew up in a country where it was not possible. There existed even a special article in the penal code of the Soviet Union which punished entrepreneurial activity.” – Vladimir Potanin

“After I met my partner, Protherow, we decided to start a banking project, and at the same time, we started to think already about a business on a bigger scale. At the very beginning we thought more about gaining money, to have a normal life with our families, etc.” – Vladimir Potanin

“Everybody starts with creating or acquiring certain property to create the material to work with. When we started our business, we thought first of all about development, how to grow, and we managed to do this, even with all the difficulties and all the difficult rules that were implemented in Russia at that time.” – Vladimir Potanin

“For a rich and reasonably successful guy, it is impossible not to enjoy your job; otherwise, why would you spend so much time and effort doing it? I am a great fan of Norilsk, and I like this kind of challenge.” – Vladimir Potanin

“On the other hand, there is an issue of motivation and responsibility. If you inherit considerable capital, you will probably not be motivated to win your own bread, which is not good. People should be motivated. They should struggle to achieve something and properly appreciate that.” – Vladimir Potanin

Three Lessons From Vladimir Potanin

Here are the top lessons to learn from the success Potanin has achieved:

1. Patience Is A Virtue

The reality is business owners must learn to let go of the control and surrender just as often as they need to keep working.

2. Resilience Is Key

You need to have an insane amount of resilience. Ask any successful business owner, and they will tell you that things go wrong all the time.

3. Know When To Quit

Knowing when to quit on a project is just as important as knowing when to keep going.

Summary

Vladimir Potanin is a businessman who is one of the richest people in Russia.

Potanin is best known for his own company, Interros, which is a successful holding company. Potanin acquired a stake in Norilsk Nickel during Russia’s privatisation in 1995.

As of August 2022, Vladimir Potanin’s net worth is estimated to be roughly $35bn.