Igor Olenicoff: Igor Olenicoff Net Worth, Biography, Age, Spouse, Children & More

About Igor Olenicoff

Real estate mogul Igor Olenicoff, a Moscow native born in 1942, established a significant U.S. presence after emigrating in 1957. A graduate of the University of Southern California, he boasts degrees in corporate finance and mathematics, along with an M.B.A. Olenicoff, who founded Olen Properties in 1973, controls a vast portfolio with over 6.4 million square feet of office space and nearly 12,000 residential units across key markets like Las Vegas and California, placing his 2006 net worth at $1.6 billion. Despite his business acumen, Olenicoff faced legal turmoil, including a UBS scandal-related tax evasion charge, which resulted in a $52 million fine and probation. His case inspired the "Olenicoff Defense," used in other high-profile tax evasion defenses. Additionally, Olenicoff paid heavy damages for art forgeries. A family man married to Jeanne M. Patterson with two children, he resides in Florida and honors his late son through the Andrei Olenicoff Memorial Foundation, supporting those with visual impairments.

Born

September 20, 1942

Age

83 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

United States

Residence

Lighthouse Point, Florida

Education

Bachelor of Arts/Science, University of Southern California; Master of Business Administration, University of Southern California; Master of Science, University of Southern California

Spouse

Jeanne M. Patterson

Children

Igor Olenicoff was born in Moscow in 1942. After the war, he fled the Soviet Union for Iran and later emigrated to the United States in 1957. He graduated from the University of Southern California with degrees in corporate finance, mathematics, and an M.B.A.

Igor Olenicoff: Family

Igor Olenicoff is married to Jeanne M. Patterson and has two children, Natalia and Andrei (deceased). He currently resides in Lighthouse Point, Florida.

Igor Olenicoff: Career Highlights

Igor Olenicoff founded Olen Properties in 1973. The company owns over 6.4 million square feet of office space and nearly 12,000 residential units in Las Vegas, Arizona, California, and Florida. In 2006, his estimated net worth was $1.6 billion.

Igor Olenicoff: Companies

Igor Olenicoff is the founder and chairman of Olen Properties, a real estate investment and development company.

Igor Olenicoff: Major Achievements

Igor Olenicoff is known for his successful real estate ventures and his philanthropy. He has made significant contributions to organizations supporting the visually impaired through the Andrei Olenicoff Memorial Foundation.

Igor Olenicoff: Awards & Achievements

Igor Olenicoff has not received any notable awards or achievements.

Igor Olenicoff: Personal Life & Legacy

Igor Olenicoff is known for his philanthropic efforts through the Andrei Olenicoff Memorial Foundation, which he established in honor of his son Andrei, who suffered from retinitis pigmentosa. The foundation provides grants to organizations that support the visually impaired.

Igor Olenicoff: Trivia

Igor Olenicoff was involved in several legal controversies, including a tax evasion scandal and a copyright infringement case involving art forgeries. His case was used as a defense strategy in the offshore tax evasion trial of billionaire H. Ty Warner.

Wealth History

Timeline

1942

Igor Olenicoff was born in Moscow.

Post-WWII

Fled the Soviet Union for Iran.

1957

Emigrated to the United States.

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Graduated from the University of Southern California with degrees in corporate finance, mathematics, and an M.B.A.

1973

Founded Olen Properties.

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Owns over 6.4 million square feet of office space and nearly 12,000 residential units in Las Vegas, Arizona, California, and Florida.

2006

Estimated net worth of $1.6 billion.

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Ensnared in the UBS scandal, where he was revealed to have evaded billions of dollars in taxes.

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Pleaded guilty to a single felony count of filing a false tax return for 2002.

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Admitted to tax evasion and misleading the IRS about offshore accounts.

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Paid a $52 million fine and agreed to repatriate his offshore funds to the United States.

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Sentenced to two years on probation and 120 hours of community service.

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Found guilty of copyright infringement for using knockoffs of sculptures by artists Don Wakefield and John Raimondi.

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Ordered to pay $450,000 in damages to Wakefield and $640,000 to Raimondi.

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Lawyers for billionaire H. Ty Warner used Olenicoff's case to successfully spare Warner from a jail sentence for offshore tax evasion.

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Married to Jeanne M. Patterson.

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Has two children, Natalia and Andrei (deceased).

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Lives in Lighthouse Point, Florida.

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Founded the Andrei Olenicoff Memorial Foundation in honor of his son Andrei, who suffered from retinitis pigmentosa.

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Gives out grants to organizations supporting the visually impaired.

Igor Olenicoff : FAQs

What is Igor Olenicoff's current net worth?

Igor Olenicoff's current net worth is $8.00 billion.

What is Igor Olenicoff's current global rank among billionaires?

Igor Olenicoff holds the 431st position globally among billionaires.

What is Igor Olenicoff's current ranking within the United States?

Igor Olenicoff holds the 168th position in United States.

What was the change in Igor Olenicoff's net worth compared to the previous year?

Igor Olenicoff's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 8.00 billion dollars.

What are Igor Olenicoff's main sources of wealth?

Igor Olenicoff's main source of income comes from Real Estate.

In which industry does Igor Olenicoff primarily operate?

Igor Olenicoff is primarily involved in the Real Estate industry.

What is Igor Olenicoff educational background?

Igor Olenicoff holds a Bachelor of Arts/Science from the University of Southern California, a Master of Business Administration from the University of Southern California and a Master of Science from the University of Southern California.

How old is Igor Olenicoff?

Igor Olenicoff is 83 years old.

How many children does Igor Olenicoff have?

Igor Olenicoff has 2 children.

Who is Igor Olenicoff and where was he born?

Igor Olenicoff is a prominent businessman born in Moscow in 1942. He is the founder of Olen Properties.

What was Igor Olenicoff's involvement in the UBS tax evasion scandal?

Igor Olenicoff was implicated in the UBS tax evasion scandal, admitting to tax evasion and misleading the IRS. He paid a substantial fine and served probation with community service.

How did Igor Olenicoff's legal case influence other tax evasion defenses?

The 'Olenicoff Defense' became notable when it was used by H. Ty Warner's lawyers to avoid prison time for Warner's offshore tax evasion, drawing on the precedent set by Olenicoff's case.

What charitable work has Igor Olenicoff done in memory of his son?

Igor Olenicoff established the Andrei Olenicoff Memorial Foundation to honor his son, supporting organizations that aid the visually impaired.