Alexander Lebedev

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For other people with a similar name, see Alexander Lebedev (disambiguation).
Lebedev at Chatham House in 2012
recorded March 2013

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Alexander Yevgenievich Lebedev (Russian: Алекса́ндр Евге́ньевич Ле́бедев, IPA: [ɐlʲɪˈksandr jɪvˈɡʲenʲjɪvʲɪt͡ɕ ˈlʲebʲɪdʲɪf]; born 16 December 1959) is a Russian businessman, referred to as one of the Russian oligarchs.

In March 2012, he was listed by Forbes magazine as one of the richest Russians with an estimated fortune of $1.1 billion. However, his fortune has since declined, and he is no longer considered to be a billionaire.[1] He is part owner of the Russian newspaper Novaya Gazeta[2] and owner of four UK newspapers with son Evgeny Lebedev: the London Evening Standard, The Independent, The Independent on Sunday, and the i Newspaper.

Early life and education[edit]

Alexander Lebedev was born in Moscow. His parents were part of the Moscow intelligentsia. His father, Evgeny Nikolaevich Lebedev, was an elite athlete–a member of the Soviet national water polo team, and later a Professor at Baumanka, Moscow's highest technical school. After graduating from Moscow Pedagogic Institute, Alexander's mother Maria Sergeyevna, worked in a rural Sakhalin school and later taught English in a Moscow tertiary school.[3] In 1977, Alexander Lebedev entered the Department of Economics at Moscow State Institute of International Relations. After he graduated in 1982, Lebedev started work at the Institute of Economics of the World Socialist System doing research for his Kandidat (between master's degree and doctorate) dissertation The problems of debt and the challenges of globalization. However, he soon transferred to the First Chief Directorate (Foreign Intelligence) of KGB. He worked there and at its successor Foreign Intelligence Service until 1992.[3] In London, Lebedev had the diplomatic cover of an economics attaché. According to his personal website, Lebedev's assignments included fighting capital flight from the Russian Federation.[3] The Sunday Express stated that he “spent more time studying finance and the City than British secrets”.[2]

Business career[edit]

Lebedev with President of Russia Vladimir Putin on 7 May 2002

Upon leaving the Russian intelligence community, Lebedev set up his first company, the Russian Investment-Finance Company. In 1995 this bought the National Reserve Bank, a small Russian bank which was in trouble at the time. The bank subsequently grew rapidly to become one of Russia's largest banks. It and the Alfa-Bank were the only two out of the ten biggest Russian banks to survive the 1998 Russian financial crisis.[4] Among the bank's assets are:

The bank is the core of the National Reserve Corporation, that according to Lebedev's personal site owns around US$2 billion of assets.[3] In 2008, Forbes estimates Lebedev's fortune higher as US$3.5 billion,[1] but as of July 2013 he dropped out of the billionaires list and is no longer considered to be a billionaire.[6]

The National Reserve Corporation included the National Meat Company, National Mortgage Company (Национальная Ипотечная Компания), construction companies as well as interests in textiles, telecommunications, trams and trolleybuses, electrical power, chemical and tourist industries owning a large hotel network in Crimea and plan to create the National Reserve Park that will manage diverse tourist enterprises in Russia, Ukraine and France.

Lebedev used to own the Moskovski Korrespondent, but according to Channel 4's Dispatches programme, Lebedev closed it down "for political reasons after it published a spurious article about Vladimir Putin having an affair with an Olympic gymnast half his age." [7]

On 21 January 2009, Lebedev and his company Evening Press Corporation (UK), part of Lebedev Holdings, bought approximately a 75.1% of share in the Evening Standard newspaper for £1. The previous owners, the Daily Mail and General Trust, continue to hold 24.9% in the company in the new firm, named Evening Standard Ltd. Lebedev promised to not interfere with the editorial running of the paper. Lebedev commented that during his time as a spy in London, he used the Evening Standard to find information.[8] Paul Dacre, the editor-in-chief of the Evening Standard at the time of the sale said: "It's a very sad day for the paper, it's a very sad day for the Rothermeres. We are very sorry that it leaked out, we had no control over that. Everyone's been working very hard and there's a lot of hope for the future of the Evening Standard."[9]

In 2009 he entered into exclusive negotiations with Independent News & Media to buy the company's British national newspapers, The Independent and Independent on Sunday. Before the purchase was completed, his representatives offered the editorship of The Independent to Rod Liddle, former editor of BBC Radio 4's Today Programme.[10] The offer was withdrawn after Liddle became the subject of a campaign of hostility online and from the newspaper's staff.[11][12] On 25 March 2010, Lebedev bought The Independent and Independent on Sunday for £1.[13]

In 2012, National Reserve Bank (NRB) faced difficulties: corporate deposits decreased by 2.2bn rubles, retail deposits by 1.2bn rubles. 20% of the bank's liabilities had run off by the end of January 2012. In March 2012, two top managers left the bank.[14]

On 5 November 2012, Lebedev announced he would close all the regional offices of the National Reserve Bank and sell off the real estate as well as 75% of the bank's loan portfolio, worth 16.8bn rubles ($542m). Also in November 2012, Lebedev announced that he is selling off his assets in Russia.[5]

Legal[edit]

In September 2011 while appearing on a Russian television programme, he punched a fellow guest, billionaire property developer Sergei Polonsky (Сергей Юрьевич Полонский).[15] Lebedev claimed afterwards that he had reacted to Polonsky's threat of violence towards him.[16][17] Lebedev was later charged with hooliganism and sentenced to community service for that incident.[5][18]

Political career[edit]

In 2003, Lebedev stood as a candidate for elections to the Mayoralty of Moscow and the State Duma. He received 13% in the Mayoral elections, losing to Yuriy Luzhkov, but won a seat in the State Duma on the Rodina party list (he was actually number one on the Moscow regional list of the party). He remained in the Duma until 2007, when new elections were held. In the Duma, he initially moved from socialist/nationalist "Rodina" to the pro-Government United Russia fraction,[3] but after Rodina was merged into the larger socialist coalition Fair Russia, he made his return.

Lebedev was formerly the Vice Chairman of Duma's committee on the Commonwealth of Independent States, the coordinator of Duma's group on interactions with Verkhovna Rada of Ukraine, and the coordinator of the State Duma group dealing with the city.[3]

Lebedev, together with the former President of the Soviet Union, Mikhail Gorbachev, is the owner of 49% of Novaya Gazeta, one of the most vocal newspapers critical of the current Russian Government.[19]

After the assassination of a prominent Novaya Gazeta journalist Anna Politkovskaya, Lebedev praised in print the talents of Politkovskaya and suggested her assassins were actually trying to target the good names of her opponents.[20][dead link] He pledged 25 million Russian rubles (around US$1 million) for the information leading to the arrest of the assassins.[20]

Lebedev is a founder and the President of the National Investment Council, a non-political and non-government organization working to improve the investment sentiments in Russia, protecting interests of the Russian business abroad, and fighting the negative sentiments towards Russian business.[3]

In September 2008, Russian politician Mikhail Gorbachev announced he was going to make a comeback to Russian politics along with Lebedev.[21] Their party will be called the Independent Democratic Party of Russia.

In March 2009, Lebedev announced that he would be running for mayor of Sochi, host of the 2014 Winter Olympics,[22] but a court ruling declared his candidacy invalid on April 13, 2009.[23] The court ruling was a result of a complaint by another candidate, Vladimir Turukhanovsky, that Lebedev's campaign received three donations from minors that is forbidden by Russian electoral law. According to the chief of Lebedev's electoral campaign, Artyom Artyomov, the three teenagers were led to Sberbank by a staff member of the Sochi council, given 500 rubles each (approximately $20), and told to donate the money to Lebedev's campaign. His campaigners sent the money back the same day, it was received but still it was found sufficient to disqualify his candidacy. Lebedev said that he intended to appeal the court's decision.[24]

Charity[edit]

Lebedev has a long history of supporting culture and charity, and created an organization named Charitable Reserve Fund (Благотворительный Резервный Фонд, BRF) to bring order to these activities. Among the organizations and projects he (or BRF) have sponsored are:[3]

In October, Lebedev met with Tom Stoppard, John Malkovich, and Kevin Spacey to discuss a new Chekhov festival in Crimea, Ukraine.

Lebedev was awarded the Saint Innokenty of Moscow Order by the Russian Orthodox Church and the Dialogue of Cultures medal by UNESCO.

See also[edit]

References[edit]

  1. ^ a b Forbes listing
  2. ^ a b Tycoon linked with Litvinenko ‘survived poisoning’, John Elliott and Jon Ungoed-Thomas, The Sunday Times, January 7, 2007
  3. ^ a b c d e f g h Biography
  4. ^ Harding, Luke (2009-01-11). "Alexander Lebedev: an oligarch we could learn to love". London: The Observer. Retrieved 2010-03-16. 
  5. ^ a b c http://www.bne.eu/story4206/Alexander_Lebedev_cashing_out_of_Russia Alexander Lebedev cashing out of Russia - Business New Europe
  6. ^ Billionaire Drop-Offs 2013
  7. ^ Jon Ungoed-Thomas and Marie Woolf "Oligarchs hire ‘do-nothing’ peers to boost their prestige", The Sunday Times, 29 November 2009
  8. ^ "Ex-KGB spy buys UK paper for £1". BBC. 2009-01-21. Retrieved 2009-01-21. 
  9. ^ Brook, Stephen; Sweney, Mark (2009-01-21). "Alexander Lebedev's Evening Standard takeover: Dacre announces sale to staff". London: The Guardian. Retrieved 2009-01-21. 
  10. ^ Sweney, Mark and Brook, Stephen. "Rod Liddle lined up to edit Independent", The Guardian, 8 January 2010.
  11. ^ Greenslade, Roy. "Independent faces revolt from staff and readers if Liddle becomes editor", The Guardian, 11 January 2010
  12. ^ Brook, Stephen. "Rod Liddle no longer in running for Independent editor", The Guardian, 19 February 2010
  13. ^ "The Independent bought by Lebedev for £1". BBC News. 2010-03-25. Retrieved 2010-03-25. 
  14. ^ http://top.rbc.ru/economics/12/03/2012/641345.shtml НРБ продолжают покидать высокопоставленные сотрудники - РБК (Russian)
  15. ^ Alexandre Lebedev punches another CEO on Live Russian TV, YouTube
  16. ^ Alexander Lebedev in Russian TV punch-up, Guardian
  17. ^ "#962 Sergei Polonsky". Forbes. 2008-03-05. 
  18. ^ "Russian tycoon Alexander Lebedev charged over punch-up". BBC. Retrieved 31 January 2013. 
  19. ^ Peter Finn "Gorbachëv Invests in Newspaper", Washington Post, 8 June 2006, p.A17
  20. ^ a b Alexander Lebedev "Shooting Anna Polikovskaya They Targeted Her Opponents", Novaya Gazeta, 9 October 2006
  21. ^ Mikhail Gorbachëv returns to Russian politics
  22. ^ Lebedev Running For Sochi Mayor SI.com, March 16, 2009
  23. ^ Alexander Lebedev disqualified from Sochi mayoral race Guardian.co.uk, April 13, 2009
  24. ^ Тирмастэ, Мария-Луиза (14 April 2009). "Александра Лебедева отослали переводом". Kommersant N66 (4121) (in Russian). Retrieved 2009-04-14. 

External links[edit]