Friday, May 25, 2012

Oligarch to Donate $40m to Charity

Russian billionaire Oleg Deripaska, who controls 48% of United Co. Rusal – the world’s largest manufacturer of aluminum – will donate 2/3 of a $62 million stock windfall to Volnoe Delo, his charitable fund, and Rusal’s center for social programs. The stock will be sold after a two-year lock-up and the proceeds spent on local economies in the 20 cities and regions where Rusal operates.

While several sources identify Deripaska as Jewish, a review of the Velnoe Delo Website indicates previous support for educational programs of the Russian Orthodox Church but not any Jewish giving.



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