A Close Examination of Eugene Shvidler’s Remarkable Business Journey
Known for his leadership roles at Millhouse LLC and Highland Gold Mining Ltd, Eugene Shvidler is a force to be reckoned with in the global business arena. With an impressive career that spans multiple sectors and countries, Shvidler, born in March 1964, became an American citizen in 1994. He shares his life with his wife Zara Shvidler and their five children.
Key Takeaways
- Eugene Shvidler, a distinguished name in global business circles, is the Chairman of Millhouse LLC and the Executive Chairman of Highland Gold Mining Ltd.
- Shvidler’s noteworthy role at Millhouse LLC has seen significant business dealings, including the profitable sale of Sibneft shares in 2005 for S$ 13 billion.
- His 12.5% stake in Highland Gold underscores his influential role in the gold mining sector.
- Through Lanebrook Ltd, Shvidler holds a significant 3.06% stake in Evraz, one of the largest steel and mining companies worldwide.
- His considerable net worth, estimated at $2 billion by Forbes, is primarily derived from the sale of Sibneft shares in 2005.
- He is the owner of the Le Grand Bleu Yacht, originally built for John McCaw.
The Millhouse LLC Chronicle
At Millhouse LLC, Shvidler commands as Chairman, managing a portfolio of substantial assets. Millhouse, previously known as Millhouse Capital, represents a significant investment hub for tycoons such as Roman Abramovich, Alexander Abramov, and Shvidler himself. The company’s diverse investments include brands like Aeroflot, Sibneft, and Rusal. The sale of Sibneft shares in 2005 for an impressive S$ 13 billion was a landmark transaction for Millhouse.
Striking Gold with Highland Gold
Shvidler’s investment instincts shine through in his role as a shareholder in Highland Gold. This company, operating various gold mining projects in the Russian Federation, registered a robust revenue of US$ 306 million in 2016, with a net profit of US$ 48 million. Shvidler’s stake in the company is a notable 12.5%, positioning him as a key player in the industry.
Exploring the Depths with Evraz
In addition to his other ventures, Shvidler is a shareholder and director at Evraz, one of the largest steel and mining companies globally. His shares in Evraz are held through Lanebrook Ltd, a Cyprus-incorporated entity from 2006. Lanebrook’s beneficiaries include other distinguished business figures like Roman Abramovich, Alexander Abramov, Alexander Frolov, and Shvidler himself. He owns 43,805,030 shares or a 3.06% stake in Evraz, valuing around US$ 200 million.
Decoding Eugene Shvidler’s Net Worth
With strategic investments and unmatched business expertise, Shvidler has amassed a net worth of an estimated $2 billion, according to Forbes. A large part of his wealth is attributed to the sale of Sibneft shares in 2005, setting him apart as a billionaire.
Sources
https://en.wikipedia.org/wiki/EugeneShvidler
https://www.forbes.com/profile/evgeny-eugeneshvidler/
https://en.wikipedia.org/wiki/Millhouse_Capital
https://www.pastrovich.com/portfolio/104m-legrandbleu/
https://en.wikipedia.org/wiki/LeGrandBleu(yacht)
http://www.evraz.com/governance/directors/
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