Gleb Fetisov

Quick summary on Gleb Fetisov

Gleb Fetisov, a Russian oligarch, film producer, and political figure, has led a multifaceted career marked by significant wealth accumulation, political involvement, and various controversies. His journey from a businessman to a politician and philanthropist reflects the complexities of Russia’s political and economic landscape.

Early Life and Education: Born on June 5, 1966, in Elektrostal, Russia, Gleb Fetisov pursued higher education at Moscow State University, earning a Doktor Nauk degree in Economics. This academic foundation laid the groundwork for his future endeavors in finance and business.

Business Ventures and Wealth Accumulation: Fetisov’s career began in the financial sector, where he held notable positions in commercial banks and industrial firms. In 1995, he joined Alfa Group, a prominent Russian investment company, playing a key role in the acquisition of a Siberian aluminium salt plant. His strategic vision and business acumen led to his rise as president of Alfa Eco, the commodities trading arm of Alfa Group. Throughout his tenure, Fetisov collaborated with fellow Russian billionaire Mikhail Fridman, co-founder and chairman of the conglomerate. Additionally, he ventured into the financial sector and achieved great success with the My Bank Group.

Political Involvement and Controversies: In 2012, Fetisov transitioned into politics by founding the Green Alliance People’s Party, aiming to advocate for sustainable development, social justice, and environmental protection. However, his political journey was marred by legal challenges. In 2014, he sold all his business assets and faced accusations of stealing 6.5 billion rubles ($111 million) worth of depositors’ money from a bank he managed. He spent one and a half years protesting his innocence before being released after buying out all creditor claims at the start of 2015. The courts released him several months later when he promised not to go into politics after all.

Film Production and Philanthropy: Beyond business and politics, Fetisov has been involved in film production, contributing to the Russian film industry. His philanthropic efforts focus on social and environmental causes, reflecting his commitment to societal development.

 Gleb Fetisov’s career trajectory—from a businessman to a politician and philanthropist—illustrates the intricate interplay between wealth, politics, and social responsibility in Russia. His journey underscores the challenges and opportunities inherent in navigating Russia’s dynamic political and economic environment.