Alexander Mamut

Alexander Leonidovich Mamut (also spelled Aleksandr, born 29 January 1960)[1] is a Russian billionaire lawyer, banker and investor.

Alexander Mamut
Alexander Mamut (2018)
Born
Alexander Leonidovich Mamut

(1960-01-29) 29 January 1960[1]
Moscow, Russia
CitizenshipRussian
EducationMoscow State University
OccupationBusinessman and investor
Known foradvisor to Boris Yeltsin
Net worthUS$2.4 billion (Forbes 2018)[2]
Spouse(s)Widowed
Children5

On the Forbes 2016 list of the world's billionaires, he was ranked #908 with a net worth of US$2.5 billion.[2]

Early life and education

Alexander Mamut was born on 29 January 1960. His father is Leonid Solomonovich Mamut, a lawyer and one of the authors of the Russian Constitution. His mother, Cicilia Ludwigovna, is a defense attorney. In 1977, Mamut graduated from Moscow gymnasium #17.

He then studied law at Moscow State University, graduating in 1982.

Career

Mamut began his career as a lawyer.[2]

In 1990 together with Andrey Gloriozonov, Mamut founded "Business and Cooperation” Bank, that was renamed in 1991 into Commercial Bank “Imperial”. The bank was founded to service companies in the field of fuel and energy. Its biggest clients were Gazprom and Lukoil. In 1990 Mamut founded “ALM-Consulting” law firm (ALM abbreviated after Mamut’s name) and served as Managing Partner there throughout 1990–1993. Mamut founded the Company of Project Financing in 1993, and served as its chief executive officer until 1998. Meanwhile, he was the co-founder and director of Sedmoy Continent from 1993 to 1997. He was the founder of ALM Development and remained an investor until 2001.

Mamut served as the Chairman of Moscow Business World (MDM-Bank) from 1999 to 2002.

In 2007, he also founded the “Most” Restaurant and Club. Mamut’s “A&NN” Investment Company acquired 100% of shares of Evroset from Evgeniy Chichvarkin and Timur Artemiev in 2008. By October 2008, he sold 49.9% to VimpelCom.

Mamut acquired 60% of the Spar Moscow Holding in 2009. He also acquired the “Torpedo-ZIL” football club for the symbolic price of $1. Two years later, in 2011, he invested in the Nomos-Bank. He is a large investor in Ingosstrakh, the insurance company, and Troika-Dialog, an investment bank.[3] He has also invested in Polymetal International, a mining company, and PIK Group, a construction company.[2]

Entertainment Holdings

He founded the SUP Company in 2006, and acquired LiveJournal Russia in 2007.

In May 2011, Mamut acquired Waterstones, a UK-based bookstore chain, through Capital Fund Management Limited, a subsidiary of his A&NN company for the equivalent of $66 million.[4] He later sold off a majority stake in April 2018, valuing the company at $250 million.[5]

Mamut became the sole owner of the SUP Media in December 2012.[6] By 2014, he became the Chairman of Rambler&Co.[2] He is also the owner of Lenta.ru, a news website.[7]

He acquired sports betting firm Rambler in 2016, selling a 46.5 percent stake to Sberbank in December 2019.[8] Mamut was subsequently involved in an intellectual property rights dispute between Rambler and Sberbank.[8]

A&NN acquired the Moscow movie theaters “Pioneer” in 2008 and the Khudozhestvenny in 2016. They later acquired movie chains Cinema Park and Formula Kino in 2017.[9]

Political activity

Mamut made donations to Boris Yeltsin's 1996 re-election campaign.[3] Mamut served as an economic adviser to the chief of the Russian presidential administration, Alexander Voloshin from 1998 to 1999.

Philanthropy

Mamut served as the Chairman of the Board of Trustees of Teatr Praktika, a theatre whose director was Eduard Boyakov. By 2009, he served as the Chairman of the Board of Trustees of the Strelka Institute for Media, Architecture and Design. The Institute aims to change the landscape of Russian cities.[10]

Personal life

Mamut is a widower from his second marriage.[2] He has five children.[2] He resides in Moscow, Russia,[2] with an additional residence in Kensington, London. He also owns a yacht.[3]

References
  1. "Billionaires: Aleksandr Leonidovich MAMUT". Wealth-X. Archived from the original on 2017-01-03. Retrieved 2017-01-02.
  2. "The World's Billionaires (2016 ranking): #722 Alexander Mamut". Forbes. March 1, 2016. Retrieved 2017-01-02.
  3. "Alexander Mamut profile: probably the most powerful oligarch you have never heard of". The Daily Telegraph. February 4, 2011. Retrieved June 1, 2016.
  4. "UK Book Chain Waterstone's Sold to Russian Billionaire". Publishing Perspectives. 2011-05-20. Retrieved 2015-11-19.
  5. Segal, David (2019-08-08). "Can Britain's Top Bookseller Save Barnes & Noble?". The New York Times. ISSN 0362-4331. Retrieved 2019-08-08.
  6. Rose, Scott (March 27, 2012). "Rostelecom, MegaFon May Buy Euroset From Mamut, Kommersant Says". Bloomberg.
  7. Hille, Kathrin; Weaver, Courtney (February 26, 2015). "Russia: Left out in the cold". Financial Times. Retrieved June 2, 2016.
  8. "Russian web giant Rambler seeks to drop criminal case against Nginx". Financial Times. 16 December 2019.
  9. "Russian investment company A&NN acquires the country's two largest Cinema operators - IHS Technology". technology.ihs.com. Retrieved 2019-08-08.
  10. "AD Interviews: Alexander Mamut". ArchDaily. 2013-04-23. Retrieved 2015-11-19.
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