Vitaly Malkin

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Vitaly Malkin

Vitaly Borisovich Malkin (Russian: Виталий Борисович Малкин) (born 16 September 1952) is a Russian-Israeli business oligarch and politician who was born in Pervouralsk near Ekaterinburg in central Russia, the administrative center of Sverdlovsk Oblast. He is married and has three children. His fortune is estimated by Forbes to be $1 billion.

Business/political career[edit]

Malkin built his fortune in the banking sector, notably with his business partner Bidzina Ivanishvili. The two men founded Rossiysky Kredit, which was the third largest Russian bank until the financial crisis of 1998.[citation needed] He officially retired from business in 2004, when he became a member of Federation Council, representing the east Siberian republic of Buryatia (from 2004 to 2013).[1][2] In 2012, he headed a delegation of four Russian senators in Washington lobbying against the Magnitsky Act. Vitaly Malkin and his colleagues tried to convince American senators that Sergei Magnitsky was a criminal and that he died from pancreatitis.[3]


According to the National Post (Canada), Malkin was denied entry to Canada in May 2009 after a 15-year legal dispute. The Canadian government has accused him of involvement in alleged money laundering and international arms deals.[4]

In 2013, Russian anti-corruption activist Alexey Navalny published documents on his blog, showing that Malkin has failed to declare ownership of 111 condominiums in Canada and that he has an Israeli passport.[2] In March 2013, Malkin resigned from Federation Council amid his double nationality scandal.[5]


  1. ^ "#1062 Vitaly Malkin". Forbes. 3 May 2008. Retrieved 1 January 2020.
  2. ^ a b Nikolaus von Twickel (14 March 2013). "Navalny Targets Senator Malkin". The Moscow Times. Retrieved 1 January 2020.
  3. ^ Susan Cornwell (12 July 2012). "Russian delegation hits Washington to lobby against "Magnitsky" sanctions". Reuters. Retrieved 1 January 2020.
  4. ^ Adrian Humphreys (3 June 2009). "From Russia with difficulty; Oligarch Vitaly Malkin just can't get into Canada". National Post. Retrieved 1 January 2020.
  5. ^ Cnaan Liphshiz (27 March 2013). "Russian Jewish senators resign amid double nationality scandal". Jewish Telegraphic Agency. Archived from the original on 30 March 2013. Retrieved 1 January 2020.