Vitaly Malkin
Vitaly Malkin | |
|---|---|
| Born | September 16, 1952 Pervouralsk, Russia |
| Occupation(s) | Entrepreneur, politician |
| Known for | Co-founder of Rossiysky Kredit, member of the Federation Council |
Vitaly Borisovich Malkin (; born 16 September 1952) is a Russian-Israeli entrepreneur and political figure originating from Pervouralsk, located near Yekaterinburg. He is married with three children and his net worth is estimated at $1 billion by Forbes.
Career
Together with partner Bidzina Ivanishvili, Malkin built his fortune in the banking sector by co-founding Rossiysky Kredit, which was once ranked as Russia’s third-largest bank prior to the 1998 financial downturn. He stepped away from his business ventures in 2004 to join the Federation Council, where he represented Buryatia until 2013. In 2012, Malkin headed a delegation of Russian senators to Washington, aiming to oppose the Magnitsky Act and challenge the accusations linked to Sergei Magnitsky.
Controversy
In May 2009, Canadian authorities refused Malkin entry amid allegations involving money laundering and international arms transactions. In 2013, anti-corruption campaigner Alexei Navalny exposed that Malkin had not disclosed ownership of 111 condominiums in Canada and possessed an Israeli passport. The revelation of his dual citizenship prompted his resignation from the Federation Council in March 2013.
References
- Pages with script errors
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- Russian bankers
- 1952 births
- Living people
- Russian oligarchs
- Russian businesspeople in Israel
- Russian Jews
- Israeli businesspeople
- Israeli Jews
- Israeli people of Russian descent
- Members of the Federation Council of Russia (after 2000)
- People from Pervouralsk