Konstantin Kagalovsky
| Konstantin Kagalovsky | |
|---|---|
| Born |
Konstantin Grigoryevich Kagalovsky October 13, 1957 Moscow, Russia |
| Residence | London, United Kingdom |
| Nationality | Russian |
| Citizenship | Russian & British |
| Alma mater | Moscow Finance Institute (PhD) |
| Net worth | US$1.2 billion |
| Spouse(s) | Natasha Kagalovsky (1994-present) |
Konstantin Grigoryevich Kagalovsky (Russian: Константин Григорьевич Кагаловский; born 13 October 1957) is a Russian businessman. He is the former vice-president of the oil company Yukos and a key Yukos shareholder, former deputy chairman of Bank Menatep, and the former Russian representative to the International Monetary Fund (IMF). Kagalovsky claims to be the owner of the Ukrainian TV channel TVi.
In 1980, he graduated from the Moscow Finance Institute with a PhD in economics. In the late 1980s, he was a member of a group of young free-market economists, and was a close associate of Anatoly Chubais, who has been both praised and criticised for his involvement in the mass privatization of state assets after the fall of the Soviet Union.
Between 1992 and 1994, he was Russia's representative to the IMF. In November 1994, he became the deputy chairman of Bank Menatep, and was a close associate of now jailed oligarch Mikhail Khodorkovsky and his colleague, Platon Lebedev. In November 1995, Menatep took part in a mortgage auction, which resulted in its takeover of the oil company Yukos. From June 1998 to June 2002, he was a member of the Board of Directors of Yukos. In 1999 he became the vice-president of Yukos. In 1999, he, his wife Natasha Kagalovsky, an executive at the Bank of New York, and Bruce Rappaport, a major shareholder of Bank of New York were accused of money laundering, however they denied any wrongdoing, and charges were never filed.
In September 2003, he unsuccessfully ran for a position in the Duma under the party Yabloko, however Yabloko failed to overcome the five percent barrier which was required for parties to be considered. At the time, he was the second richest man to run for office in the Fourth Duma Session.
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