Mikail Shishkhanov
Mikail O. Shishkhanov | |
|---|---|
| Born | August 6, 1972 Grozny, Chechen Republic, Russia |
| Occupation(s) | Financier, entrepreneur |
| Known for | Principal owner of Binbank until 2017 |
Mikail O. Shishkhanov (Russian: Микаил Османович Шишханов) is recognized as a financier and entrepreneur from Russia.
Until 2017, he was the principal owner of the Russian financial institution Binbank. At that time, his net worth was estimated at $2.3 billion, placing him 44th on Forbes Russia's ranking. However, in September 2017, the Russian central bank intervened and took control of Binbank, resulting in Shishkhanov losing ownership of the bank along with his associated assets.
On July 3, 2023, the Moscow Arbitration Court declared Shishkhanov bankrupt, citing debts amounting to 853 billion rubles, and mandated the liquidation of his remaining assets to satisfy outstanding obligations.
Early life and education
Shishkhanov was born on August 6, 1972, in Grozny, within the Chechen Republic. He completed his master's degrees in economics and law at Patrice Lumumba Peoples' Friendship University of Russia in 1995. By the year 2000, he had obtained a Doctorate in Economics as well as a Ph.D. in law and was admitted as an Associate Member of the Russian Academy of Natural Sciences.
He is married and has four children. His personal interests include chess and boxing.
Career
Before 2017, Shishkhanov held a controlling interest of 59.4% in B&N Bank and also owned ROST Bank.
In September 2017, the Russian government assumed ownership of Binbank, Rost Bank, Binbank Digital, and Uralprivatbank through the Banking Sector Consolidation Fund (FCBS) without providing compensation. This takeover resulted in Shishkhanov losing control over these banks and his industrial holdings, which subsequently led to his removal from Forbes' list of top wealthy entrepreneurs.
Prior to these events, he was a co-owner of prominent development companies such as INTECO and Private Joint-Stock Company “Patriot,” where he held a 95% stake.