Dmitry Bosov
Dmitry Borisovich Bosov | |
|---|---|
| Born | 27 March 1968 Barnaul, Russia |
| Died | 6 May 2020 (aged 52) |
| Occupation(s) | Entrepreneur, Businessman |
| Known for | Leadership roles at ALLTECH Group, Sibanthracite Group, HC Sibir Novosibirsk, VostokCoal MC, Genius Fund |
Dmitry Borisovich Bosov (; March 27, 1968 – May 6, 2020) was a Russian billionaire entrepreneur recognized for his leadership roles at ALLTECH Group, Sibanthracite Group, HC Sibir Novosibirsk, VostokCoal MC, and the Genius Fund.
In May 2020, Bosov was discovered deceased from a gunshot wound to the head. Although the official investigation concluded suicide, his sons expressed suspicions of possible foul play.
Early life and education
Born in Barnaul, Bosov was raised by a father who held managerial positions in industrial enterprises and a mother who taught English at the university level. He graduated with distinction in Radio Electronics and Laser Technology from Bauman Moscow State Technical University in 1991 and later earned a PhD in Economic Sciences.
Career
Bosov launched his professional journey in 1991 by establishing CJSC PIF, acting as deputy director and subsequently executive director while representing the Kristall plant in Moscow. By 1993, he assumed the presidency of Polyexport LLP. From 1995 onward, he managed the Moscow branch of TransWorld Group (later known as Trans World Commodities). Between 1997 and 2000, he held shareholder status and served on the board of Krasnoyarsk Aluminum Plant.
After divesting his KrAZ shares in 2000, Bosov co-founded ALLTECH Group alongside colleagues from Bauman MSTU, concentrating on investment initiatives throughout Russia. He chaired the company’s board of directors. Among notable achievements was the consolidation and subsequent sale of one of Russia’s largest electrode manufacturing plants to Renova in 2006. In early 2004, ALLTECH secured a stake exceeding 20% in West Siberian Resources Ltd (WSR), significantly boosting its production output and market value before WSR merged with Alliance Oil Company in 2008.
Bosov’s involvement in coal mining began with acquiring shares in Siberian Anthracite JSC, recognized as the world’s leading producer of ultra-high-grade anthracite. As chairman of VostokCoal MC’s board, he oversaw mining operations including Arctic coal fields. His enterprises invested substantially to enhance both coal production capacity and export infrastructure.
In 2008, Bosov took on the role of chairman for the supervisory board of Sibir Ice Hockey Club.
In 2015, he established Blackspace group in Indonesia, obtaining licenses for mining coal, nickel, manganese, and bauxite. Blackspace developed a significant coal deposit located in Central Kalimantan and constructed a ferronickel production facility on Kabena Island.
Although some media outlets associated Bosov with Boris Berezovsky, Bosov clarified that their sole business connection was through CityLine internet company; he became a co-investor in 1999 and sold his stake profitably by 2001.
ALLTECH Group
In 1993, Dmitry Bosov joined forces with university peers Dmitry Aga, Dmitry Shatokhin, and Vladimir Mikulik to create ALLTECH Group, a private direct investment firm. ALLTECH’s portfolio includes real estate assets such as the ARTPLAY Design Center along with multiple projects within the Moscow region.
The Pechora LNG project was initiated by ALLTECH in 2007 to develop the Kumzhinskoye and Korovinskoye gas fields located in the Nenets Autonomous District. Rosneft acquired a 50% interest in this venture in 2015 but exited by 2018.
In 2018, ALLTECH consolidated its coal-related holdings under the Sibanthracite Group umbrella.
Following Bosov’s passing, disputes over ownership emerged. Ekaterina Bosov asserted control over 77% but eventually relinquished her claim. By April 2021, Dmitry Bosov’s shares were apportioned equally into eight parts (approximately 10.82% each) among his parents, four sons from prior marriages, Ekaterina Bosov herself, and her daughter. By mid-2021, Ekaterina together with her daughter held a combined stake of 21.6% in ALLTECH.
Sibanthracite Group
Sibanthracite Group stands as the foremost global producer of ultra-high-grade anthracite and is a prominent metallurgical coal supplier in Russia. Founded in 2018, the group unified several major coal enterprises from the Novosibirsk and Kemerovo regions, including Siberian Anthracite JSC alongside the Vostochny and Kiyzassky Open-Pit Mines.
In 2018, the group’s coal output reached 24.1 million tons—representing a fourfold increase compared to 2014—with revenues climbing to 132.8 billion rubles, marking a 90% growth year-over-year. Tax contributions amounted to 12.5 billion rubles, while net profit after tax was recorded at 8.4 billion rubles. Expenditures on social initiatives and charitable activities totaled 1.9 billion rubles. The company set an ambitious target to boost production to 58 million tons by 2022.
Among its major undertakings, Sibanthracite participates in constructing the Severomuisk tunnel on the Baikal-Amur Mainline (BAM). This project was publicized by Dmitry Bosov in a letter addressed to President Vladimir Putin in 2018. The tunnel’s construction is projected to span five years with an estimated budget of 260 billion rubles.
In the same year, speculation arose regarding Neftegazholding, led by Eduard Hudaynatov, potentially acquiring Sibanthracite; however, these claims were officially denied by the company.
Following the integration of the Open-Pit Mine Kiyzassky, former CEO Nikolay Zarubin was removed from his position amid environmental violation allegations and criticism concerning the mine’s ecological footprint. The current management has assured that there are no risks threatening ongoing operations.
In February 2021, Sibanthracite was acquired by a firm owned by Russian-Armenian investor Albert Avdolyan for approximately $1 billion.
VostokCoal MC
VostokCoal MC, jointly owned by Dmitry Bosov and chairman Alexander Isaev, concentrates on advancing new coal extraction and infrastructure initiatives. Collaborating with the state entity Rostec, it developed the Port Vera coal terminal located in Primorsky Krai and is preparing to commence operations at the Ogodginskoe coal field—the largest in Russia’s Far East region.
The Arctic Mining Company (AGK), a subsidiary of VostokCoal MC, began exploiting coal reserves on the Taimyr Peninsula around 2018. Initially, VostokCoal aimed for a production capacity of 30 million tons by 2023 at Taimyr; however, this objective was subsequently scaled back due to limited confirmed resource availability.
In 2019, Bosov became subject to adverse media attention linked to the arrest of his business associate Mikhail Abyzov. Reports indicated that Krasnoyarsk’s UFSB initiated a criminal investigation against AGK for purported illegal coal transactions conducted without a valid mining license, based on findings from a 2017 Rosprirodnadzor inspection. That year, AGK received a fine totaling 954 million rubles for unauthorized mining activities but challenged the inspection outcomes in court. Subsequently, Bosov proposed negotiating a resolution with Rosprirodnadzor concerning this dispute.
Genius Fund
In 2018, Bosov invested in establishing the Genius Fund, a vertically integrated cannabis enterprise headquartered in California. This venture sought to oversee its marijuana production while distributing products through upscale dispensaries designed to appeal beyond traditional stoner stereotypes. Bosov was the exclusive financier, contributing over $160 million of personal funds. Leadership comprised tech entrepreneurs Ari Stiegler and Gabriel Borden, who were introduced to Bosov by Danny Abyzov—the son of Bosov’s former business partner.
By December 2019, Gary “Igor” Shinder joined as an advisor and subsequently terminated all staff in March 2020 due to complications arising from the COVID-19 pandemic. The company shuttered its flagship store on Melrose Avenue shortly thereafter and ceased operations entirely.
Just weeks before Bosov’s passing in April 2020, former CEO Francis J. Racioppi initiated a multimillion-dollar lawsuit alleging fraud and mismanagement within the corporation. The case was confidentially settled in April 2021, leading Racioppi to withdraw his claims.
Personal life
Bosov was married to Katerina Bosova and together they had five children. He was passionate about ice hockey and played an active role as a primary sponsor of Vladimir Putin’s Night Hockey League.
Death
On May 6, 2020, Bosov was discovered deceased in his residence located in Usovo, Moscow Oblast, with a gunshot injury to the head. While many reports pointed toward suicide as the cause, two of his sons raised the possibility that his death might have involved suspicious circumstances.