Arkady Rotenberg

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Arkady Rotenberg
Arkadi Rotenberg - Moscow Kremlin 29 Oct 2013 (crop).jpg
Rotenberg in 2013 after receiving a medal
Born
Arkady Romanovich Rotenberg

(1951-12-15) 15 December 1951 (age 67)
ResidenceOdintsovsky District, Moscow Oblast, Russia
NationalityRussian
Alma materLesgaft National State University of Physical Education, Sport and Health[1]
OccupationCofounder of SMP Bank, Head of SGM
Net worthUS$2.3 billion (2018) [2]
Children5
Awards

Arkady Romanovich Rotenberg (Russian: Аркадий Романович Ротенберг, born December 15, 1951 in Leningrad) is a Russian businessman and tycoon. With his brother Boris Rotenberg, he is co-owner of the Stroygazmontazh (SGM) group, the largest construction company for gas pipelines and electrical power supply lines in Russia.

He was listed by Forbes in 621st place among the world's wealthiest persons in 2014.[2] He is considered a close confidant of president Vladimir Putin.[3] As of November 2017, Forbes estimates his fortune at $2.5 billion. He is subject to personal sanctions by the United States government related to the events during the Ukrainian crisis.

Biography[edit]

Rotenberg was born in 1951 in Leningrad, where his father, Roman, worked in management at the Red Dawn telephone factory, allowing the family to avoid living in a communal apartment.[4] Rotenberg is of Jewish ancestry.[5][6] In 1963, when he was age twelve, Rotenberg and Vladimir Putin both joined Anatoly Rakhlin's sambo club.[4]

In 1978, Rotenberg graduated from the Lesgaft National State University of Physical Education, Sport and Health and became a judo trainer.[4] After Putin returned to Russia in 1990, Rotenberg trained with him several times a week.[4] During the 1990s, Rotenberg and his brother, Boris, who had moved to Finland, traded in petroleum products.[4] When Putin became vice-mayor, Rotenberg secured funding from Gennady Timchenko to found Yavara-Neva, a professional judo club.[4] Later, after the club won nine European Judo Championships and trained four Olympic champions, it was given a new state-funded $180 million facility, including a thousand-seat arena and a yacht club.[4]

In 2000, Putin, who had become President of Russia, created Rosspirtprom, a state-owned enterprise controlling 30% of Russia's vodka market, and put Rotenberg in control.[4] In 2001, Rotenberg and his brother founded the SMP bank, which operates in 40 Russian cities with over 100 branches, more than half of them in the Moscow area. SMP oversees the operation of more than 900 ATM-machines. SMP bank also became a leading large-diameter gas pipe supplier.[4]

Gazprom often appears to have paid Rotenberg inflated prices. In 2007, Gazprom rejected an earlier plan to build a 350-mile pipeline and instead paid Rotenberg $45 billion, 300% of ordinary costs, to build a 1,500 mile pipeline to the Arctic Circle.[4] In 2008, Rotenberg formed Stroygazmontazh (SGM) with five companies he had purchased from Gazprom for $348 million.[4] The next year the company earned over $2 billion in revenue.[4] Rotenberg then bought Northern Europe Pipe Project, which eventually supplied 90% of Gazprom's large diameter pipes and operated at a 30% profit margin, twice the industry average.[4] In 2013, Gazprom increased Rotenberg's contract for a Krasnodar pipeline by 45%, then continued payments for a year after the Bulgarian segment was canceled.[4]

While he was the Minister of Transport of the Russian Federation from May 20, 2004 to 2012, Igor Levitin ensured in 2010 that Arkady Rotenberg's firms (Mostotrest) would construct the toll roads on Russian federal highways.[7][8]

Rotenberg is the president of the Hockey Club Dynamo Moscow. In 2013 he became a member of the committee of the International Judo Federation.[2] In preparation 2014 Winter Olympics in Sochi, Rotenburg won contracts worth $7 billion, including a $2 billion coastal highway and an underwater gas pipeline that came it at 300% of average costs.[4]

Rotenberg was named in the Panama Papers.[9] Those leaked legal documents show Rotenberg sent $231 million in loans to a company in the British Virgin Islands in 2013.[4]

In 2013 Rotenberg became the chairman of the Enlightenment Publishing House [ru], which had once been the biggest supplier for textbooks in the Soviet Union. After Enlightenment became a private company in 2011, the government of the Russian Federation started to make several changes in that sector. In 2013 an internal council was formed by the Ministry of Education to check all textbooks. Many of Enlightenments competitors books did not pass this new evaluation and so Enlightenment won about 70% of the contracts for new textbooks in the Russian Federation in 2014.[3]

In 2015, Arkady Rotenberg sold to his son Igor Rotenberg a number of assets including up to 79% of Gazprom Drilling (Bureniye),[10] 28% of the road construction company Mostotrest,[11] and 33.3% of Jersey-based TPS Real Estate Holdings Ltd.[12][13] Alexander Ponomarenko and Aleksandr Skorobogatko own 66.6% of TPC Real Estates Holdings.[12][14][15]

It was reported that Arkady Rotenberg made this move after being placed on the U.S. sanctions list.[16]

Sanctions[edit]

Opening of the Crimean bridge in May 2018

As a result of the annexation of Crimea by the Russian Federation, Barack Obama, then President of the United States, signed an executive order instructing his government to impose sanctions on the Rotenberg brothers and other close friends of the President Putin, including Sergei Ivanov and Gennadi Timchenko. These persons were placed on the Specially Designated Nationals List.[17][18][19][20][21][22]

As a result of the sanctions, Visa and MasterCard stopped servicing SMP Bank.[4] In September 2014, Italy seized €30 million of Rotenberg's real estate, including four villas in Sardinia and Tarquinia, and a hotel in Rome.[4] The Russian State Duma then proposed a bill, known as the Rotenberg Law, allowing sanctioned Russians to get compensated by the state, but it was declined.[3][23]

Wealth[edit]

Rotenberg's personal wealth has been estimated in 2018 at $3.1 billion.[24][4]

Personal life[edit]

He was formerly married to his second wife Natalia Rotenburg, who is about 30 years his junior. They were divorced about 2015 in the U.K. While the financial details of the divorce are private, the agreement includes division of the use of a £35 million Surrey mansion and a £8 million apartment in London. The couple's lawyers had obtained a secrecy order preventing media in the U.K. from reporting on the divorce, but the order was overturned on appeal.[24]

He has five children including Igor (Russian: Игорь Аркадьевич; born 9 September 1974) who is a Russian billionaire businessman,[25] Liliya (Russian: Лилия Аркадьевичнa; born 17 April 1978) who is a doctor and lives in Germany and is since 2014 co-owner of TPS Nedvizhimost (an investment group who owns shopping mall and entertainment complexes in the Russian cities Moscow, Sochi, Krasnodar, Novosibirsk and Ocean Plaza in Kiev, Ukraine),[26][27] son Paul (Russian: Павел Аркадьевич; born 29 February 2000) who is a competitive hockey player,[28] and two other children that live in the United Kingdom with his former second wife Nataliya.[29]

References[edit]

  1. ^ Rottenberg, Arkady Romanovich // Kommersant.
  2. ^ a b c [1] 14.01.2016, Forbes
  3. ^ a b c Becker, Jo; Myers, Steven Lee (2 November 2014). "Putin's Friend Profits in Purge of Schoolbooks". The New York Times. p. A1. Retrieved 7 June 2017.
  4. ^ a b c d e f g h i j k l m n o p q r s Yaffa, Joshua (29 May 2017). "Putin's Shadow Cabinet and the Bridge to Crimea". The New Yorker. Retrieved 7 June 2017.
  5. ^ Sheldon Kirshner (23 Nov 2015). "Russia's New Tsar". Times of Israel. Retrieved 9 December 2015.
  6. ^ Paul Roderick Gregory (14 Oct 2014). "Putin's Reaction To Sanctions Is Destroying The Economy And China Won't Help". Forbes. Retrieved 9 December 2015.
  7. ^ Сагдиев, Ринат (Sagdiev, Rinat) (September 20, 2010). Платные дороги в России строят только знакомые Владимира Путина: Через несколько лет в России появятся две первые платные дороги. Обе идут из Москвы и строятся фактически на государственные деньги. За обеими стоят петербургские знакомые Владимира Путина: Юрий Ковальчук и Аркадий Ротенберг [Only Putin’s friends build toll roads in Russia: In a few years, the first two toll roads will appear in Russia. Both come from Moscow and are actually built on public money. Behind both are Vladimir Putin’s Saint Petersburg acquaintances: Yuri Kovalchuk and Arkady Rotenberg]. Vedomosti (in Russian). Retrieved October 27, 2018.
  8. ^ Левитин, Игорь Евгеньевич [Levitin, Igor Yevgenyevich]. kremlin.ru (in Russian). Retrieved October 27, 2018.
  9. ^ "Panama Papers: The Power Players". International Consortium of Investigative Journalists. Archived from the original on April 4, 2016.
  10. ^ "Subscribe to read". Financial Times. Retrieved 2018-10-03.
  11. ^ Пастушин, Алексей (Pastushin, Alexey) (July 23, 2018). Партнер друзей Путина: чем известен спонсор "русской шпионки" Бутиной [Partner of Putin's friends: what is known for the sponsor of the "Russian spy" Butina]. Forbes (in Russian). Retrieved October 18, 2018.
  12. ^ a b Партнеры Аркадия Ротенберга наняли лоббистов в США: Совладельцы аэропорта Шереметьево Александр Пономаренко и Александр Скоробогатько наняли фирму для лоббирования своих интересов в США. Оба бизнесмена — давние партнеры попавшего под санкции Аркадия Ротенберга и его сына Игоря [Arkady Rotenberg's partners hired lobbyists in the US: Sheremetyevo Airport co-owners Alexander Ponomarenko and Alexander Skorobogatko hired a company to lobby their interests in the United States. Both businessmen are longtime partners who fell under the sanctions of Arkady Rotenberg and his son Igor]. RBC (in Russian). 2018-04-19. Retrieved 2018-10-23.
  13. ^ Ляув, Бэла (Love, Bela); Филатов, Антон (Filatov, Anton) (2015-05-17). Структура Игоря Ротенберга может построить транспортно-пересадочный узел: Размер инвестиций – до $340 млн [The structure of Igor Rotenberg can build a transport hub: Investment size - up to $340 million]. Vedomosti (in Russian). Retrieved 2018-10-25.
  14. ^ Bosilkovsky, Igor (2018-01-30). "Treasury Department's Russia Oligarchs List Is Copied From Forbes". Forbes. Retrieved 2018-10-23.
  15. ^ Игорь Ротенберг выкупил у отца "Газпром бурение" и долю в "ТПС Недвижимости" [Igor Rotenberg bought out of his father Gazprom drilling and a share in TPS Real Estate] (in Russian). Interfax. 2014-10-30. Retrieved 2018-10-23.
  16. ^ Ensign, Rachel Louise (2015-02-12). "Russian Asset Sales Muddy Sanction Compliance". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-10-03.
  17. ^ "Executive Order - Blocking Property of Additional Persons Contributing to the Situation in Ukraine". White House Office of the Press Secretary. March 20, 2014.
  18. ^ "Treasury Sanctions Russian Officials, Members of the Russian Leadership's Inner Circle, and an Entity For Involvement in the Situation in Ukraine" (Press release). United States Department of the Treasury.
  19. ^ "Ukraine-related Designations".
  20. ^ "Specially Designated Nationals List (SDN)".
  21. ^ Shuklin, Peter (March 21, 2014). "Putin's inner circle: who got in a new list of US sanctions". liga.net. Archived from the original on February 7, 2015. Retrieved February 20, 2016.
  22. ^ Executive Order 13661: Blocking Property of Additional Persons Contributing to the Situation in Ukraine, 79 Fed. Reg 15,535 (March 19, 2016).
  23. ^ Законопроект №607554-6
  24. ^ a b O’Neill, Sean (24 February 2018). "Putin crony Arkady Rotenberg loses right to secrecy in Britain". the Times (London). Retrieved 24 February 2018.
  25. ^ Кто есть кто: Ротенберг Игорь Аркадьевич [Who Is Who: Rotenberg Igor Arkadyevich]. Delovoy Petersburg (in Russian). Retrieved 26 October 2018.
  26. ^ ‹See Tfd›(in Ukrainian) Russians intend to return Ocean Plaza Aliyev - media, Ukrayinska Pravda (12 February 2019)
  27. ^ "Родственная сделка: почему Игорь Ротенберг продал долю в TPS Real Estate: Игорь Ротенберг, который с 6 апреля находится в санкционном списке Минфина США, за неделю до этого вышел из состава акционеров девелоперской компании TPS Real Estate. Новым совладельцем стала его сестра Лилия Ротенберг" [Related transaction: why Igor Rotenberg sold his stake in TPS Real Estate: Igor Rotenberg, who has been on the sanctions list of the US Treasury since April 6, a week before, left the shareholders of the real estate development company TPS Real Estate. New sister was his sister Lilia Rotenberg]. RBC (in Russian). 24 April 2018. Retrieved 26 October 2018.
  28. ^ Павел Ротенберг [Paul Rotenberg]. sports.ru (in Russian). Retrieved 26 October 2018.
  29. ^ Ткачёв, Иван; Сухаревская, Алена (6 August 2015). Бывшая жена Аркадия Ротенберга подала на экс-супруга в Лондонский суд: Бывшая жена Аркадия Ротенберга инициировала судебный процесс в Лондоне с целью получить компенсацию от миллиардера, выяснил РБК. Дело будет рассматриваться в феврале 2016 года и осложняется санкциями ЕС против бизнесмена [The former wife of Arkady Rotenberg filed for ex-spouse in a London court: The former wife of Arkady Rotenberg initiated a lawsuit in London in order to receive compensation from the billionaire, found RBC. The case will be considered in February 2016 and complicated by EU sanctions against a businessman]. RBK (in Russian). Retrieved 26 October 2018.

External links[edit]

Media related to Arkady Rotenberg at Wikimedia Commons