Eugene Shvidler

Evgeny Markovich Shvidler (Russian: Евгений Маркович Швидлер; 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]

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

Eugene Shvidler
Born
Evgeny Markovich Shvidler

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

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.

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.

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. "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.
  9. 2006–2017 ПАО «Газпром нефть». "ПАО "Газпром нефть" – официальный сайт компании". Gazprom-neft.ru. Retrieved 7 May 2017.
  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. "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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