Vitaly Malkin

Vitaly Borisovich Malkin is a Russian-Israeli business oligarch and politician who was born in Pervouralsk near Yekaterinburg, the administrative center of Sverdlovsk Oblast. He is married and has three children. His fortune is estimated by Forbes to be $1 billion.

Career

Malkin built his fortune in the banking sector, notably with his business partner Bidzina Ivanishvili. The two men founded Rossiysky Kredit, which was the third largest Russian bank until the 1998 Russian financial crisis. He officially retired from business in 2004, when he became a member of Federation Council, representing the east Siberian republic of Buryatia. In 2012, he headed a delegation of four Russian senators in Washington lobbying against the Magnitsky Act. Vitaly Malkin and his colleagues tried to convince American senators that Sergei Magnitsky was a criminal and that he died from pancreatitis.

According to the National Post, Malkin was denied entry to Canada in May 2009. The Canadian government has accused him of involvement in alleged money laundering and international arms deals.
In 2013, Russian anti-corruption activist Alexei Navalny published documents on his blog, showing that Malkin has failed to declare ownership of 111 condominiums in Canada and that he has an Israeli passport. In March 2013, Malkin resigned from Federation Council over the dual nationality issue.