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Grizzly Bulls’ Billionaires Index

⬅ # 86 John Menard Jr|# 88 Vinod Adani ➡

# 87 Vladimir Potanin 

$23.8B

Real Time Net Worth
as of 10/28/2024
$270 (0.00%)

# 87 Vladimir Potanin 

$23.8B

Real Time Net Worth
as of 10/28/2024
$270 (0.00%)
OccupationChair, Interros
Source of WealthMetals, mining
Age63
ResidenceMoscow, Russia
Marital StatusMarried
Children7
EducationMasters in Finance, Moscow Institute of International Relations
Age-Adjusted Net Worth$19.4B
Vladimir Potanin
Vladimir Potanin
Russia
Net worth: $23.8B

Self-Made Score 

Longines Heritage Flagship Automatic Silver Dial Brown Leather Men's Watch

Wealth History

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Biography

Career

Vladimir Olegovich Potanin was born on January 3, 1961, in Moscow, USSR.
In 1978, he attended Moscow State Institute of International Relations, graduating in 1983 with a focus on International Economic Relations.
Potanin worked for Soyuzpromexport, an arm of the Ministry of Foreign Trade, following his graduation.
In 1991, during perestroika, he founded the private association Interros, utilizing his network and knowledge gained at the Ministry of Foreign Trade.
He became president of United Export Import Bank (ONEKSIMbank) in 1993, a pivotal institution in Russia's post-Soviet economic reform.
From August 1996 to March 1997, Potanin served as the First Deputy Prime Minister of the Russian Federation.
Potanin, a close supporter of Anatoly Chubais, played a role in the creation of the 'loans for shares' auctions in 1995, a key moment in the formation of Russia's oligarchy.
He has been president and chairman of the board of directors of the Interros Company since August 1998.
Potanin and Mikhail Prokhorov acquired Norilsk Nickel in the early 1990s through the 'loans for shares' scheme, holding a combined 54% stake.
In 2007, Potanin split with Prokhorov, initiating a dispute over Norilsk Nickel assets that involved Oleg Deripaska and Roman Abramovich.
Under Potanin's leadership, Norilsk Nickel faced criticism for environmental pollution, leading to promises of a $17 billion investment for modernization and environmental improvements by 2023.
Potanin also invested in Petrovax Pharm, owns the Rosa Khutor ski resort, and became the first major Russian investor in Iran after the sanctions were lifted in 2016.
He played a role in the acquisition of distressed assets of Rosbank and Tinkoff Bank in 2022.
Potanin is a member of the Russian Union of Industrialists and Entrepreneurs and has been involved in proposing alternative cryptocurrency regulations.
He was sanctioned by the UK, Canada, and the US Treasury in 2022 over the Russo-Ukrainian War.
Potanin was implicated in investigations related to ByteGrid in 2018 and was involved in the case with former FBI agent Charles McGonigal in 2023.
His first marriage to Natalia Potanina ended in divorce after 31 years, and he remarried Ekaterina in 2014.
As of December 2021, Potanin is the only Russian to have signed The Giving Pledge, committing to donate at least half of his wealth to charity.

Sanctions and Investigations

Potanin appeared on the US Treasury's 'Putin list' in January 2018.
He faced UK sanctions in June 2022 and was later sanctioned by Canada and the US Treasury in December 2022.
Investigations include his association with ByteGrid in 2018 and involvement in a scheme with former FBI agent Charles McGonigal in August 2023.

Personal Life

Potanin's first marriage to Natalia Potanina lasted 31 years, and they have three children.
In 2014, he married Ekaterina, with whom he has two children.
Potanin played a friendly chess match with grandmaster Ian Nepomniachtchi on December 24, 2021.

Divorce Proceedings

Natalia Potanina filed a $15 billion lawsuit in 2016 for a share of profits from Norilsk Nickel and Interros International, but the claim was rejected in 2017.
She had previously filed a $7 billion claim in 2015, which was also struck down in 2016.
The divorce proceedings centered around Russian law regarding the equal split of wealth accumulated during marriage.

Vladimir Potanin's Wealth is Equivalent to:

18,283,295 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

4,493,851 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

242,731 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Vladimir Potanin?

If you started with $10,000 and invested an additional $500 each month at a 43.72% CAGR, it would take you 5 years to reach Vladimir Potanin's net worth of $23.8B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 60.38% compared to 22.68% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Vladimir Potanin is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Vladimir Potanin, Metals and mining are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey