Mikhail Abyzov

$1.00 B

Ranked #1565 in World

About Mikhail Abyzov

Former Russian energy executive Mikhail Abyzov faces legal troubles, including fraud and money laundering charges, related to his business activities. Arrested in 2019, Abyzov is accused of embezzling 4 billion rubles from energy companies and engaging in commercial bribery. The investigation has seized shares of companies owned by Abyzov through offshore entities, and the court has upheld a claim to recover 32.5 billion rubles from him and his controlled companies. As of December 2023, Abyzov has paid over 20 billion rubles to the budget, with approximately 11 billion rubles remaining.

Born

June 03, 1972 in Minsk, Byelorussian SSR, USSR

Age

53 years

Source Of Wealth

Power, Power Engineering

Industries

Energy

Citizenship

Russia

Residence

Moscow

Education

Bachelor of Arts / Science, Sholokhov Moscow State University for Humanities

Mikhail Anatolyevich Abyzov, a prominent Russian energy and engineering industry manager, was born in Moscow, Russia. Although he enrolled in the Department of Mechanics and Mathematics at Moscow State University, he never completed his studies. However, he later received a diploma of higher education in 2000 from the Sholokhov Moscow State Open Pedagogical University.

Mikhail Abyzov: Family

Information about Mikhail Abyzov's family background is not readily available.

Mikhail Abyzov: Career Highlights

Abyzov's career spans several industries and leadership positions. Here are some notable highlights:

1990: Established his first company, Intershops, which sold Turkish consumer goods and office equipment.
1992: Co-founded MMB-Group with a fellow student, focusing on the sale of Bulgarian products.
1998: Appointed as deputy chairman of the board of directors of Novosibirskenergo.
1999: Became a deputy chairman of the management board of RAO UES.
2004: Became managing director of Business Unit No. 1 at RAO UES, overseeing significant changes in the energy sector.
2005: Appointed as general director of OJSC Kuzbassrazrezugol MC, a major coal mining company.
2006: Founded E4, an engineering company that aimed to become Russia's first end-to-end cycle contractor.
2011: Appointed as coordinator of the public committee of President Medvedev's adherents.
2012: Became advisor to the president for coordinating the work of the Open Government and later the Minister for Open Government Affairs.

Mikhail Abyzov: Companies

Abyzov has been involved with several companies throughout his career, including:

Intershops
MMB-Group
Novosibirskenergo
RAO UES
Kuzbassrazrezugol MC
Powerfuel
Mostotrest
Promtekhnologii
KES Holding
E4
Bright Capital

Mikhail Abyzov: Major Achievements

Abyzov's major achievements include:

Successfully navigating the complex Russian energy sector and building a successful business empire.
Playing a key role in restructuring the Russian energy industry, particularly during his time at RAO UES.
Establishing E4 as a leading engineering company in Russia.
Serving as Minister for Open Government Affairs and promoting initiatives to improve citizen interaction with government agencies.

Mikhail Abyzov: Awards & Achievements

Information about Mikhail Abyzov's awards and achievements is not readily available.

Mikhail Abyzov: Personal Life & Legacy

Details about Mikhail Abyzov's personal life and legacy are not publicly known.

Mikhail Abyzov: Trivia

Here are some interesting facts about Mikhail Abyzov:

Abyzov is a judo enthusiast and has supported judo and Greco-Roman wrestling through partnerships with Arkadiy and Boris Rotenbergs.
He founded Bright Capital, a venture capital fund that primarily invested in the U.S. and Europe.
Abyzov faced controversies related to his ownership of a villa in Tuscany and offshore assets.
He is currently facing criminal charges and is in custody, with ongoing legal proceedings related to alleged financial crimes.

Wealth History

Timeline

1990

Mikhail Abyzov sets up his first company, Intershops, selling Turkish consumer goods and office equipment.

1992

Abyzov co-founds MMB-Group with a fellow student, selling Bulgarian products.

1995

Abyzov suggests fuel supply from Mozyr Oil Refinery (Belarus) upon the security of 19.5% of Novosibirskenergo shares due to fuel shortage in Novosibirsk Region.

1997

Novosibirsk Region fails to pay for the fuel supplied, resulting in the transfer of Novosibirskenergo shares to Abyzov.

1998

Abyzov is appointed as deputy chairman of the board of directors of Novosibirskenergo.

1998

Abyzov is appointed as the head of the Department of Investment Policy and Business Projects of RAO UES.

1999

Abyzov becomes a deputy chairman of the management board of RAO UES.

2000

Russian General Prosecutor's Office charges ex-governor Mukha and former head of the State Property Committee of Novosibirsk Region with misfeasance and abuse of office, respectively, regarding the Novosibirskenergo shares transaction.

2001

Criminal case against Abyzov is closed due to the statute of limitation expiring.

2002

Equity stake in Novosibirskenergo reflected on the balance sheet of Alemar is sold to a subsidiary of Novosibirskenergo, ZAO Sibirenergoinvest, making Abyzov the sole controlling shareholder.

2003

Federal Security Service makes seizures at Novosibirskenergo due to allegations of understating electricity transmission volume, resulting in a loss of 72 million rubles.

2004

Case against Abyzov is closed for the absence of a crime.

2004

Abyzov becomes managing director of Business Unit No. 1 at RAO UES, overseeing the establishment of thermal wholesale generation companies, territorial generation companies, self-contained power systems in the Far East, and guaranteed supply companies.

2005

Abyzov tenders his resignation from RAO UES.

2005

Abyzov is appointed as general director of OJSC Kuzbassrazrezugol MC owned by Iskander Makhmudov and Andrey Bokarev.

2006

Kuzbassrazrezugol acquires 51% of Powerfuel, a British coal company, with Abyzov becoming the chairman of its board of directors.

2006

RAO UES appoints an investment commission headed by Abyzov, which meets once in December 2006.

2006

Abyzov discusses with Viktor Vekselberg, founder of the Renova group, the possibility of obtaining an equity stake in KES Holding.

2006

Abyzov founds E4, an engineering company, to become Russia's first end-to-end cycle contractor.

2007

Alliance with Makhmudov breaks up, and Abyzov steps down as the general director of Kuzbassrazrezugol, retaining his stake in Powerfuel, which goes bankrupt shortly after receiving EU subsidies for a CO2 emissions reduction project.

2007

Gref successfully insists on the re-election of the commission and its head to be Andrei Zadernyuk, leading to tensions between Abyzov and Gref.

2010

Abyzov announces the sale of his 50% stake in Marc O'Polo Investments, which owned 50.3% of Mostotrest, to Arkadiy Rotenberg.

2011

Novosibirskenergo is renamed to OJSC Sibeko.

2011

Abyzov is appointed as coordinator of the public committee of President Medvedev's adherents.

2011

Abyzov formalizes his participation in KES Holding's capital as part of arrangements for the sale of KES Holding to Gazprom Energoholding.

2012

Abyzov becomes advisor to the president for coordinating the work of the Open Government and later the Minister for Open Government Affairs.

2012

Abyzov heads a government commission on public-private partnerships in the sphere of the military industrial complex as Minister for Open Government Affairs.

2013

E4 Group acquires controlling stakes in several companies through a chain of companies affiliated with Eforg Asset Management Limited of Cyprus, the 100% shareholder of E4.

2014

Alfa Bank and Sberbank demand that the loans be prepaid, leading to bankruptcy proceedings against E4 Group.

2018

Abyzov sells his shares in Sibeko to Siberian Generating Company for 32 billion rubles, despite a ban on entrepreneurial activity due to his position as Minister for Open Government Affairs.

2019

Investigative Committee of the Russian Federation institutes criminal investigation proceedings against Abyzov for alleged crimes committed during 2011-2014.

2019

Abyzov is detained by the Federal Security Service officers and subsequently arrested by the court.

Mikhail Abyzov : FAQs

What is Mikhail Abyzov's net worth?

As of 2014, Mikhail Abyzov's net worth was $1.00 billion.

What are Mikhail Abyzov's main sources of wealth?

Mikhail Abyzov's main source of income comes from Power, Power Engineering.

In which industry does Mikhail Abyzov primarily operate?

Mikhail Abyzov is primarily involved in the Energy industry.

What is Mikhail Abyzov educational background?

Mikhail Abyzov holds a Bachelor of Arts / Science from Sholokhov Moscow State University for Humanities.

How old is Mikhail Abyzov?

Mikhail Abyzov is 53 years old.

How many children does Mikhail Abyzov have?

Mikhail Abyzov has 3 children.

What is Mikhail Anatolyevich Abyzov known for?

Mikhail Anatolyevich Abyzov is known for being a Russian energy and engineering industry manager and the former chairman of the board of directors of Russia's biggest engineering company, E4 Group.

What are some key points about Mikhail Anatolyevich Abyzov's career?

Mikhail Anatolyevich Abyzov set up his first company, Intershops, in 1990. He co-founded MMB-Group in 1992. He became involved with Novosibirskenergo and increased his interest in the company. He was appointed as deputy chairman of the board of directors of Novosibirskenergo in 1998. He founded E4, an engineering company, in 2006. He also founded Bright Capital, a venture capital fund, in 2010. He served as the Minister for Open Government Affairs from 2012 to 2018.

What is RAO UES and what role did Mikhail Anatolyevich Abyzov play in it?

RAO UES is a Russian energy company. Mikhail Anatolyevich Abyzov was appointed as the head of the Department of Investment Policy and Business Projects of RAO UES in 1998. He later became a deputy chairman of the management board. He played a role in changing the structure of payments for electricity and establishing a corporate management system for coal purchases.

What are some legal troubles and controversies surrounding Mikhail Anatolyevich Abyzov?

Mikhail Anatolyevich Abyzov is facing charges of fraud, money laundering, and other offenses related to his business activities. He has been in custody since March 2019. The investigation has seized shares of companies owned by Abyzov through offshore entities. The court upheld a claim to recover 32.5 billion rubles from Abyzov and his controlled companies. He has also been involved in controversies related to his investments and alleged embezzlement.