Oleg Tinkov

$4.70 B

Ranked #608 in World

About Oleg Tinkov

Oleg Yuryevich Tinkov, a prominent Russian entrepreneur, known for founding Tinkoff Bank and multiple successful ventures, faced significant legal and health challenges recently. In 2019, the U.S. indicted him for tax evasion, aiming to dodge over $240 million in taxes, which culminated in a guilty plea and a directive to pay upwards of $508 million in back taxes, fines, and penalties. That same year, Tinkov was diagnosed with leukemia, but by 2020, announced remission after undergoing treatment. His outspoken criticism of the Russian invasion of Ukraine in 2022 led to heightened government pressure, prompting him to sell his stake in Tinkoff Bank, go into hiding, and renounce his Russian citizenship, denouncing "Putin fascism." Despite his adversities, Tinkov remains focused on philanthropy, establishing the Tinkov Family Foundation to aid leukemia patients, and continuing his involvement in various entrepreneurial endeavors.

Born

December 25, 1967 in Polysayevo, Russian SFSR, Soviet Union

Age

58 years

Source Of Wealth

Banking

Industries

Finance & Investments

Citizenship

Russia

Residence

Moscow

Education

Diploma, University of California, Berkeley

Spouse

Rina Vosman (Married: 2009)

Children

Oleg Yuryevich Tinkov, a prominent Russian entrepreneur and businessman, was born on December 25, 1967, in Polysayevo, Kemerovo Oblast, Russia. From an early age, Tinkov developed a passion for road cycling, which would later play a significant role in his life.

Oleg Tinkov: Family

Tinkov's family background is not widely known, but he has been married to Rina Vosman since 2009. The couple has three children together.

Oleg Tinkov: Career Highlights

Tinkov's entrepreneurial journey began in 1995 when he founded Technoshock, a chain of household appliance stores. He sold Technoshock to its management in 1997 and ventured into the food industry by launching the Daria brand of frozen foods in 1998. In the same year, he established the Tinkoff Brewery, which he later sold to the Sun Interbrew group in 2005.

Tinkov's most notable achievement came in 2006 when he founded Tinkoff Bank, which became the first online bank in Russia. Under his leadership, Tinkoff Credit Systems changed its name to Tinkoff Bank in 2015, and Tinkov owned a significant stake in the bank until February 2020.

Oleg Tinkov: Companies

Tinkov has been associated with several companies throughout his career. He founded Technoshock, Daria, Tinkoff Brewery, and Tinkoff Bank. Additionally, he has been involved in other ventures such as owning a personal aircraft, investing in a hotel and recreational complex in Kamchatka, opening luxurious chalets in the French Alps, and launching the world's first private icebreaker yacht.

Oleg Tinkov: Major Achievements

Tinkov's major achievements include establishing Tinkoff Bank as the first online bank in Russia and transforming it into a successful financial institution. He is also recognized for his passion for road cycling and his contributions to the sport, including the creation of the Tinkoff Restaurants cycling team and his involvement in the Velon project.

Oleg Tinkov: Awards & Achievements

Tinkov has received numerous awards and accolades for his entrepreneurial success.

He was named "Entrepreneur of the Year" by Ernst & Young in 2006 and "Businessman of the Year" by GQ magazine in 2009. In 2010, he was awarded the Order of Friendship by the Russian government for his contributions to the development of the Russian economy.

Oleg Tinkov: Personal Life & Legacy

Tinkov's personal life has been marked by both triumphs and challenges. In 2019, he was diagnosed with acute leukemia and underwent chemotherapy and a bone marrow transplant. He announced complete remission from cancer in 2020. Tinkov is known for his outspoken personality and has been involved in several controversies, including conflicts with bloggers and lawsuits.

Oleg Tinkov: Trivia

Here are some interesting facts about Oleg Tinkov:

Tinkov holds the title of candidate in master of sports of the USSR in road cycling.
He renounced his American citizenship in 2017.
Tinkov wrote two books summarizing his entrepreneurial experience: "I am like everyone" (2010) and "How to become a businessman" (2011).
He was indicted by a US grand jury in 2019 for tax evasion and attempting to evade over $240 million in taxes. He pleaded guilty and was sentenced to pay over $508 million in unpaid taxes, fines, and a fraud penalty.
Tinkov criticized the 2022 Russian invasion of Ukraine and called for an end to the war. He faced pressure from the Russian government to sell his stake in Tinkoff Bank and went into hiding. He renounced his Russian citizenship in October 2022, citing the war and "Putin fascism" as reasons.

Wealth History

Timeline

1967

Oleg Yuryevich Tinkov is born in Polysayevo, Kemerovo Oblast, Russia.

1988

Tinkov enters the Mining Institute university.

1995

Tinkov founds Technoshock, a chain of household appliance stores.

1997

Tinkov sells Technoshock to its management.

1998

Tinkov launches the Daria brand of frozen foods.

2001

Tinkov sells Daria to Roman Abramovich and Andrew Bloch's holding company.

2005

Tinkov founds the Tinkoff Brewery.

2006

Tinkov founds Tinkoff Bank.

2010

Tinkov publishes his first book, 'I am like everyone'.

2011

Tinkov publishes his second book, 'How to become a businessman'.

2013

Tinkov becomes the owner of the Tinkoff cycling team.

2015

Tinkoff Credit Systems changes its name to Tinkoff Bank.

2016

Tinkov announces his intention to leave cycling and sell the team.

2017

Tinkov renounces his American citizenship.

2019

Tinkov is indicted by a US grand jury for tax evasion.

2019

Tinkov is diagnosed with acute leukemia.

2020

Tinkov announces complete remission from cancer.

2020

Tinkov launches the world's first private icebreaker yacht.

2022

Tinkov criticizes Vladimir Putin and the 2022 Russian invasion of Ukraine.

2022

Tinkov faces pressure from the Russian government to sell his stake in Tinkoff Bank.

2022

Tinkov goes into hiding after selling his stake under pressure.

2022

Tinkov renounces his Russian citizenship.

2022

UK imposes sanctions on Tinkov due to alleged benefits from the Russian government.

2023

UK lifts sanctions on Tinkov.

2023

Tinkov instructs lawyers to remove his name from Tinkoff Bank.

Oleg Tinkov : FAQs

What is Oleg Tinkov's net worth?

As of 2021, Oleg Tinkov's net worth was $4.70 billion.

What are Oleg Tinkov's main sources of wealth?

Oleg Tinkov's main source of income comes from Banking.

In which industry does Oleg Tinkov primarily operate?

Oleg Tinkov is primarily involved in the Finance & Investments industry.

What is Oleg Tinkov educational background?

Oleg Tinkov holds a Diploma from the University of California from Berkeley.

How old is Oleg Tinkov?

Oleg Tinkov is 58 years old.

How many children does Oleg Tinkov have?

Oleg Tinkov has 3 children.

Who is Oleg Yuryevich Tinkov and what businesses did he found?

Oleg Yuryevich Tinkov is a Russian entrepreneur and businessman, known for founding several ventures including Technoshock, Daria brand of frozen foods, Tinkoff restaurants, and Tinkoff Bank, which became the first online bank in Russia.

What were the consequences of Oleg Tinkov's indictment by a US grand jury in 2019?

After being indicted for tax evasion by a US grand jury in 2019, Oleg Tinkov pleaded guilty and was sentenced to pay over $508 million in unpaid taxes, fines, and a fraud penalty.

How did Oleg Tinkov respond to his diagnosis of leukemia in 2019?

Following his leukemia diagnosis in 2019, Oleg Tinkov underwent chemotherapy and bone marrow transplant, announced complete remission in 2020, and established the Tinkov Family Foundation to support leukemia sufferers.

What was Oleg Tinkov's stance on the 2022 Russian invasion of Ukraine?

Oleg Tinkov criticized the 2022 Russian invasion of Ukraine, calling for an end to the war, and faced pressure from the Russian government to sell his stake in Tinkoff Bank, which led him to go into hiding and renounce his Russian citizenship in October 2022.

What actions did Oleg Tinkov take in relation to his business ventures and personal life amidst political and health challenges?

Amidst his health challenges and political stance against the Russian invasion of Ukraine, Oleg Tinkov sold his stake in Tinkoff Bank under pressure, renounced his Russian and American citizenships, and focused on philanthropic efforts through the Tinkov Family Foundation to support leukemia research and treatment.