Vladimir Petrovich Yevtushenkov (Владимир Евтушенков) earned his fortune by founding and building Sistema Holding which is among the top ten revenue generating companies in Russia. Since 1993, Yevtushenkov helped build Mobile TeleSystems (MTS) into Russia’s largest cellular company and has created a diversified portfolio with over two hundred major holdings. In March 2014, Forbes estimated his net worth to be $9 billion making him the 141st wealthiest person in the world and the 15th richest Russian.
Early Life and Career
Vladimir Yevtushenkov was born in 1948, in Kaminschina, Smolensk, Russia. Yevtushenkov received a degree in Chemistry at the Moscow Mendeleyev Chemical-Engineering Institute, in 1973, and a PhD. in Economics at Lomonosov Moscow State University, in 1986.
Vladimir Yevtushenkov earned distinction in a variety of leading technical and public service roles. He started his career as a Machine Shop Manager at the Karacharov Factory of Plastics. When he moved to the Polymer Scientific and Production Association, in 1982, he was Chief Engineer. In 1987-88, he was appointed the Head of the Main Department of Science and Technology in Moscow’s Executive Committee. In 1990, Vladimir Yevtushenkov was the Chairman of Moscow’s Municipal Committee for Science and Technology.
Vladimir Yevtushenkov cofounded Sistema, in 1993. He is the principal shareholder and Chairman of Board. Sistema’s has a very active trading history. From the beginning it was diversified in gas and oil fields, Vimple Communications, construction, electronics, tourism, retail and real estate. During Vimple’s IPO on the New York Stock Exchange, which raised $110.8 million, Sistema sold its shares and used the proceeds to buy 40% of MTS. Since 1995, MTS has continuously used innovation and expansions of service to become the leading revenue producer among Russian mobile companies.
In 2010, Sistema purchased a large share of Russneft, a top ten Russian oil producer, from Mikhail Gutseriev. In 2013, Sistema sold it back to Gutseriev for $1.2 billion, many times more than it was bought for.
Sistema owns a controlling share of Bashneft, a top Russian oil producer. In the past four years under Sistema and Vladimir Yevtushenkov’s control Bashneft’s revenues have doubled to $1.5 billion dollars a year.
Targin is another major oil field owned by Yevtushenkov. It supplies Bashneft, Gazpromneft and Russneft with oil.
Vladimir Yevtushenkov owns part of Bashkirian Power Grid Company, Intourist, Sistema Mass Media, Medsi – a chain of medical clinics, MTS Bank, Binnopharm, RZ Agro Holding, Detsky Mir, the largest Russian toy retailer, and Sarov Technopark, among many others.
In 2013, Vladimir Yevtushenkov declined to buy Suleyman Kerimov’s Uralkalli a major fertilizer and chemical producer.
Vladimir Yevtushenkov serves on the Board of Trustees for the Sistema Charitable Foundation and is the Chairman of Friends of the Russian Museum. In 2013, Sistema’s Foundation gave away almost 2 billion rubles to education, science, culture, art, social development, public health, environmental sports and flood relief projects.
Vladimir Yevtushenkov is a contributing member of the Russian Union of Industrialists and Entrepreneurs along with Oleg Deripaska, Alexander Shokhin and many other Russian billionaires.
Vladimir Yevtushenkov is married to former Moscow Mayor, Yuri Luzhov’s sister. Yelena Baturina. Felix Yevtushenkov, one of Vladimir’s two children, is Bashneft’s Chairman of the Board.