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Eugene Shvidler

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In this name that follows Eastern Slavic naming customs, the patronymic is Markovich and the family name is Shvidler.

Eugene Shvidler
Born
Evgeny Markovich Shvidler

(1964-03-23) 23 March 1964 (age 60)
Ufa, Russian SFSR, Soviet Union (now Russia)
CitizenshipBritish, American
Alma mater
SpouseZara Shvidler
Children5

Evgeny Markovich Shvidler (Template:Lang-ru; born 23 March 1964), also known as Eugene Shvidler, is a Soviet-born billionaire oil businessman. He made his fortune during the privatization of Russian industry. As of October 2021, his net worth is estimated at US$1.9 billion.[1] Shvidler was sanctioned by the British government in March 2022 in the wake of the Russian invasion of Ukraine.[2]

Early life

Shvidler was born in Ufa, Russian SFSR, Soviet Union (now Russia),[3] into a Jewish family. His father is Soviet geologist Mark Iosifovich Shvidler.[4][5] He received a degree in mathematics from the Gubkin Institute of Petrochemicals and Natural Gas and an MBA from Fordham University.[citation needed]

Career

Early in his career he worked for Deloitte & Touche in New York and became a U.S. citizen. He later returned to Russia, where he teamed up with Roman Abramovich to start the oil trading outfit Runicom S.A.[6] In 1995, the men partnered to gain control of oil giant Sibneft "in an auction that some experts," according to the Irish Independent, "suspect of having been rigged";[7] Shvidler joined Sibneft initially as senior Vice President and served as company president from 1998 until October 2005, when Russian state energy company Gazprom acquired Sibneft.[8] For most of his tenure, Sibneft was Russia's fastest growing oil company in terms of production, and its most profitable in terms of earnings per barrel.[9]

Shvidler is chairman of Millhouse LLC, the investment and asset management company he shares with Abramovich and their partners.[10]

From 2012 to 2013, Shvidler was a member of M C Peat & CO. LLP.[11][12],formerly an FCA authorised and regulated firm, which focused on advising London Stock Exchange quoted Russian mining companies. M C Peat & CO. was established by the son of the former Holder of the Privy Purse Sir Michael Peat's son Charles Peat now employed by market maker Peel Hunt.[citation needed]

Sanctions

He was sanctioned by the UK government in 2022 in relation to Russo-Ukrainian War. [13] In July 2023, he launched a legal challenge to the sanctions in the High Court, asserting that his rights under the European Convention on Human Rights had been breached.[14] In August 2023, the challenge was rejected by the court, with the judge saying that the sanctions do not threaten Shvidler’s life or liberty. His lawyers said he would appeal. [15]

Personal life

Shvidler is married to Zara Shvidler and they have five children.[16][1] He owns the Château Thénac vineyard in France, a £22 million ($37m) house in Belgravia, London, a $14.5 million home in Snowmass Village, Colorado, and the yacht Le Grand Bleu.[17][18] Shvidler and Roman Abramovich are known to be closely connected and several media reported Shvidler to be a "longstanding business partner" of Abramovich.[19] In 2008, Shvidler and Abramovich purchased three houses in Snowmass Village, Colorado totaling over $62 million in real estate.[18]

References

  1. ^ a b "Forbes profile: Evgeny (Eugene) Shvidler". Forbes. Retrieved 7 October 2021.
  2. ^ "Eugene Shvidler: oligarch pays high price for close ties to Abramovich". the Guardian. 24 March 2022. Retrieved 12 April 2022.
  3. ^ "Corrections by Eugene Shvidler". ICorrect. 11 March 2011. Archived from the original on 13 July 2011. Retrieved 16 March 2011.
  4. ^ Михаил КОЗЫРЕВ, Николай БОРИСОВ, "ГРУППА ТОВАРИЩЕЙ", Russian Forbes Русский Forbes, April 2007 (retrieved 24 December 2013)
  5. ^ Jewish Telegraph Agency: "At least 139 of the Forbes 400 are Jewish" By Jacob Berkman 5 October 2009
  6. ^ "Eugene Shvidler Net Worth – biography, quotes, wiki, assets, cars, homes and more". Bornrich.com. 29 September 2011. Retrieved 7 May 2017.
  7. ^ Kennedy, Dominic. Chelsea owner admits billions in bribes", Irish Independent, 5 July 2008, accessed 27 December 2013.
  8. ^ Stocks. "Stocks – Bloomberg". Investing.businessweek.com. Retrieved 7 May 2017.[dead link‍]
  9. ^ 2006–2017 ПАО «Газпром нефть». "ПАО "Газпром нефть" – официальный сайт компании". Gazprom-neft.ru. Retrieved 7 May 2017.{{cite web}}: CS1 maint: numeric names: authors list (link)
  10. ^ "Evgeny (Eugene) Shvidler". www.forbes.com. Retrieved 31 August 2018.
  11. ^ Louch, Will (20 May 2022). "Firm With a Royal Sheen Helped Abramovich Spread His Wealth". financialpost.com. financialpost. Retrieved 10 September 2023.
  12. ^ Ungoed-Thomas, Jon (12 March 2022). "Why has Abramovich's billionaire friend been left off the UK sanctions list?". theguardian.com. Guardian. Retrieved 10 September 2023.
  13. ^ "CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK" (PDF). Retrieved 16 April 2023.
  14. ^ Davies, Rob (20 July 2023). "Abramovich ally begins high court challenge against UK sanctions". theguardian.com. Guardian. Retrieved 21 July 2023.
  15. ^ Jolly, Jasper (18 August 2023). "Abramovich ally Eugene Shvidler fails in attempt to overturn UK sanctions". theguardian.com. Guardian. Retrieved 20 August 2023.
  16. ^ The Guardian: "Eugene Shvidler, Russian billionaire, on his French vineyard" by Elizabeth Day 10 October 2009
  17. ^ Day, Elizabeth (11 October 2009). "Eugene Shvidler – Russian billionaire". The Guardian. London.
  18. ^ a b "The Biggest Real Estate Deals of 08 in Pitkin County". 6 January 2009. Retrieved 12 April 2020.
  19. ^ "Eugene Shvidler: oligarch pays high price for close ties to Abramovich". the Guardian. 24 March 2022. Retrieved 12 April 2022.
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