Overview of Alexander Nesis
Alexander Nesis (Александр Несис) earned his fortune by founding Polymetal Mines and ICT Group (Investments Construction and Technologies Group), an investment holding firm making Alexander Nesis Assets in the spotlight. As the lifelong president of ICT, Nesis has built many technical industrial companies from scratch. From 2012–14, Forbes valued Nesis’s net worth at about $3 billion. However, since 2012, Nesis has dropped from 367th to 618th place on the Forbes list of the richest people in the world.
More about Alexander Nesis
- Alexander Nesis owns ICT Group, a private equity firm, and the precious metals company Polymetal International.
- BlackRock owns an additional 10% or more of Polymetal, and his brother Vitaly is CEO.
- As opposed to what was previously believed, ICT, the entity through which he owned his Polymetal stake, disclosed in March 2022 that Nesis’s stake was just under 50%. He decreased it in order to protect the organization from the possibility of sanctions.
- ICT holds investments in United Wagon, a railcar manufacturer, and Polymetal.
- Nesis began producing and selling rare-earth metals from uranium production refuse from a mine in Uzbekistan in the late 1980s.
Diverse Portfolio of Alexander Nesis Assets
Alexander Nesis has a diverse portfolio of assets that spans multiple industries, including finance, technology, real estate, precious metals, mines, freight shipping, railroads, logistics, construction, and heavy engineering.
ICT Group: A Financial Powerhouse
Alexander Nesis, the visionary behind ICT Holding Ltd., stands as its founder and primary stakeholder. His brainchild, established in 1993, has burgeoned into a private equity powerhouse with a diverse portfolio spanning banks, real estate, precious metals, mining, shipping, railroads, logistics, construction, and heavy engineering. As of August 2022, Forbes places Nesis at No. 50 among Russia’s billionaires, estimating his personal wealth at an impressive $1.9 billion.
ICT Group, with assets totaling around $8 billion, boasts a multifaceted portfolio featuring industry leaders like:
- Khanty-Mansi Bank
- Tikhvin Freight Car Building Plant
- Baltic Leasing
Beyond his role in the ICT Group, Nesis extends his influence into the realm of high-tech startups, championing innovation and entrepreneurship across cutting-edge fields. Strategic alliances with key figures and organizations further amplify his impact in the business sphere. Nesis, demonstrating a keen eye for real estate, holds a 26% ownership stake in O1 Properties, strategically positioning himself in prime locations.
Nesis’s influence isn’t confined to business alone; his philanthropic endeavors underscore his commitment to societal betterment. He directs support towards charitable causes, particularly in education and scientific research, showcasing a holistic approach to wealth and impact.
Polymetal International: Mining Success
Polymetal International, which Alexander Nesis founded in 1998 and has operations in both Kazakhstan and Russia, stands out as a dominant force in the mining of precious metals. Over the years, it has evolved into one of the globe’s major producers of gold and silver.
Polymetal’s impressive portfolio includes two operational assets and a significant development project, all strategically positioned in Kazakhstan. Notably, the company focuses on revitalizing distressed assets and exploring untapped, high-potential areas near existing mines, paving the way for substantial long-term growth.
Beyond its investments in ten gold and silver mines in Kazakhstan and Russia, Polymetal is making strides with two ongoing development projects, signaling promising future benefits for stakeholders. Committed to innovation and sustainability, the company has maintained its status as a premier precious metals group.
Since its IPO in 2011, Polymetal has consistently delivered positive returns to shareholders, surpassing many peers and even outperforming the FTSE Gold Miners Index. Impressively, the company has distributed a substantial $1.8 billion in dividends, showcasing its commitment to rewarding investors.
Noteworthy for its sustainability and responsibility efforts, Polymetal stands as one of the sector’s most conscientious companies. With a track record of adaptability, the company continues to secure its position as a key player in the ever-evolving landscape of precious metals mining.
Baltic Shipbuilding Yard: Maritime Influence
Alexander Nesis has played a key role in the development of the Baltic Shipbuilding Yard, one of Russia’s oldest shipyards, now part of the United Shipbuilding Corporation. Established in 1856, the yard has a storied past, having constructed Imperial Russian battleships and Soviet nuclear-powered icebreakers.
The yard’s focus has shifted to include merchant ships, large cargo vessels, and ice-class ships under Nesis’ leadership. Currently, the shipyard boasts a workforce exceeding 6,000 and a portfolio of over 600 vessels, emphasizing its continued significance in the maritime industry as of 2021. In 2011, JSC United Shipbuilding Corporation (USC) assumed control of the shipyard, with Valery Venkov, the vice president, assuming the role of CEO.
Banking Ventures: NOMOS-BANK & Khanty-Mansi Bank
Alexander Nesis, through his ICT Group, has been actively involved in the banking sector with ventures like NOMOS-BANK and Khanty-Mansi Bank. NOMOS-BANK, established in 1993, initially focused on providing financial services to the mining and metals sectors. In 2006, under the leadership of Alexander Nesis, ICT Group acquired a controlling stake in NOMOS-BANK.
In 2011, NOMOS-BANK outlined plans to consolidate 100% of Khanty-Mansiysk Bank in its IPO prospectus. By the end of that year, NOMOS-BANK aimed to acquire the remaining stake in the Bank of Khanty-Mansiysk. The successful acquisition took place in 2012, with NOMOS-BANK securing the stake for 12.8 billion roubles ($412 million).
Following a merger with Otkritie FC Bank in 2014, NOMOS-BANK was renamed Otkrytie Financial Corporation Bank. Otkritie FC Bank, founded as TIPCO Venture Bank in 1992 and later renamed Novaya Moskva in 1994 and NOMOS-BANK in 2007, saw ICT Group acquire a controlling stake in May 2006.
In 2016, Otkritie FC Bank completed the legal takeover of Khanty-Mansiysk Otkritie Bank, resulting in the merged bank holding total assets of 3.1 trillion rubles. This strategic move solidified Alexander Nesis’s impact in shaping the trajectory of these banking institutions.
Tikhvin Freight Car Building Plant: Industry Stake
Established in January 2012, the Tikhvin Freight Car Building Plant serves as the primary production facility for the Research and Production Corporation “United Wagon Company” (UWC). Situated in Leningradskaya Oblast’, Russia, this plant stands out as a major player in the European machine-building industry, boasting substantial investments and advanced production capabilities.
It operates under the UWC umbrella, an entity renowned for its forward-thinking approach to designing and manufacturing freight cars, with a primary goal of improving efficiency and safety in freight transportation. However, as of 2022, there have been reports of operational challenges, including temporary shutdowns.
O1 Properties: Real Estate Endeavors
Alexander Nesis, through his investment firm ICT Group, has made substantial forays into the real estate market. One notable investment includes acquiring a sizable stake in O1 Properties, a leading real estate investment company. In 2014, ICT Group sealed a deal to purchase approximately 25% of O1 Properties from owner Boris Mints, amounting to a transaction valued at around $350 million.
Later that same year, Nesis and ICT Group further solidified their position by increasing their stake in O1 Properties to 26%. O1 Properties specializes in managing a portfolio of class-A office real estate situated in Moscow’s key business districts. These business centers are tailored to provide optimal office solutions, catering to the diverse needs and preferences of companies across various industries.
The company places a strong emphasis on creating a comfortable environment and investing in environmentally efficient technologies. Nesis’s active involvement in O1 Properties underscores his strategic focus on the real estate sector. It highlights his commitment to making substantial investments in this field, showcasing a keen interest in strategic and impactful ventures within the real estate landscape.
Opap Investment: Greek Lottery Company
Alexander Nesis, via his investment firm, ICT Group, ventured into the gaming sector by investing in the Greek lottery company OPAP. Back in 2014, Nesis, along with a consortium of investors, acquired a one-third stake in OPAP, the exclusive licensed operator for all numerical lotteries, sports betting, instant and passive games, VLTs, and horse racing in Greece.
OPAP stands as a prominent player in the gaming realm, offering a diverse array of betting options and entertainment for its clientele. Committed to responsible gaming, the company also focuses on enhancing shareholder value. Nesis’s foray into OPAP underscores not only his strategic interest in the gaming industry but also his dedication to substantial investments in this dynamic sector.
Luxury Yacht, Romea
Alexander Nesis is the proud owner of the opulent motor yacht, Romea. Crafted by Abeking & Rasmussen in 2015, this nautical masterpiece spans an impressive 81.80 meters (268.4 feet) and holds registration in the Cayman Islands. Romea, valued at a staggering $157 million, has graced diverse locales, from the charming Portofino in Italy to the pristine Malé in the Maldives.
The luxurious yacht Romea boasts an impressive length of 81.80 meters (268.4 feet) and a beam of 14.00 meters (45.93 feet). Registered in the Cayman Islands, this opulent vessel is equipped with a range of amenities, including zero-speed stabilizers, an elevator, a beach club, a grand piano, a swimming platform, an on-deck jacuzzi, a tender garage with a tender, air conditioning, and underwater lights. Terence Disdale meticulously planned both the exterior and interior of Romea.
Powering this magnificent yacht are twin 2,000 hp Caterpillar 3516-B diesel engines, providing a maximum range of 5,750 nautical miles at 14 knots. Romea is not only a private asset but is also available for charter, offering accommodation for up to 12 guests across 6 cabins.
In terms of sightings, Romea has graced various locations, including the picturesque Portofino in Italy and the exotic Malé in the Maldives. Its presence in these locales adds to the allure of this extraordinary yacht.
Expensive Art Collection
Alexander Nesis has an extensive art collection, which reflects his deep passion for art. He has been actively involved in supporting the arts throughout his career. His interest in art and support for the arts demonstrate his commitment to fostering creativity and cultural development.
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