Leonid Lebedev Explained

Leonid Lebedev
Birth Date:2 May 1956
Birth Place:Moscow, Russia
Citizenship:Cypriot[1] Russian
Alma Mater:D. Mendeleev University of Chemical Technology of Russia
Known For:Former owner of Sintez Group, film producer
Spouse:Widowed
Children:2 daughters

Leonid Lebedev (born May 2, 1956) is a Cypriot-Russian businessman, and a former elected representative in Russia's Upper House of Parliament.

Lebedev is the former sole owner of Sintez Group, a privately held energy, oil and gas and property development company.[2] In 1988 he co-founded the company, which he left in the early 2000s. According to Forbes Russia Sintez ranked 154th among private companies in Russia in 2012.[3] According to Forbes, Leonid Lebedev is listed at position 162 with $750 million in 2021.[4]

He has also been a businessman in music and film, serving as a producer, during the 1980s and more recently, in creating independent films such as Hipsters and The Geographer Drank His Globe Away.

In 2002, he was elected to the Federation Council (Russia), Russia's Upper House of Parliament, representing the Republic of Chuvashia until he retired form politics in 2015.

Early life

Leonid Lebedev was born in Moscow.[5] He earned a degree in engineering from the D. Mendeleev University of Chemical Technology of Russia in 1979.[5]

He served as a consultant to the USSR Chamber of Commerce and Mosconcert during the early 1980s.[5]

Entrepreneurship

In the early 1980s, Lebedev began his entrepreneurial career by organizing rock concerts.[6]

Sintez Records

In 1989 Lebedev co-founded Sintez Records, a recording studio and label for underground rock artists.[7] The label recorded music by Nautilus Pompilius, Time Machine and Oleg Gazmanov, among others.[3]

Sintez International

In the 1990s, following Perestroika, Lebedev co-founded Sintez International, an American joint venture, which traded in commodities and industrial supplies.[8]

According to Forbes, Lebedev is "one of the few Soviets who experimented with joint business ventures between the capitalistic US and the socialistic USSR in the 1980s." He is "not your typical Russian businessman who took advantage of early privatization or operated under some influential politician's wing." Forbes further states, "He sunk wells where there were none and struck black gold," pointing out his "entrepreneurial experience" accumulated in "tumultuous times in Russia."[7] Sintez was the first Russian private company in the oil sector to conduct offshore exploration in the Arctic.[6] In Western Siberia, Sintez built an oil production plant, called Negusneft, developed its infrastructure, and undertook industrial trading and exports.[7]

Sale of Russian energy supplier TGK-2
In relation to the sale of the Russian energy company TGK-2 in 2008, Sintez sued the German company RWE in 2011 for damages of around 700 million euros. RWE was accused of having backed out of the deal to purchase TGK-2 at short notice and without valid justification, thereby driving Sintez to the brink of ruin. There seemed to be numerous discrepancies: For example, according to press reports, there was only one bidder at the auction, although there had previously been talk in the media of weighty interested parties.[9] [10] [11] [12] [13] In 2015, the Essen Regional Court dismissed Sintez's lawsuit against RWE.[14] However, the court also ruled that a lawsuit against then RWE CEO Jürgen Großmann was admissible.[15] [16] According to media reports, Großmann is said to have pushed the transaction personally and even called in former German Chancellor Gerhard Schröder to influence the ultimately failed deal through Russian politics.

Sale of Russian oil company TNK-BP
In connection to the sale of TNK-BP to Rosneft in 2013, Lebedev sued his former partners, Viktor Vekselberg and Leonard Blavatnik, in February 2014 for breach of contract for $2 billion in the Supreme Court of the State of New York.[17] The case is currently still before the New York State Supreme Court.

Film producer

Red Arrow

Lebedev is a movie producer with more than twenty feature films in his portfolio. He is a co-founder and a co-owner of the "Red Arrow" film studio in Russia.In 2008, he joined forces with director Valery Todorovsky to co-produce Hipsters (film) (in Russian, Stilyagi) a romantic comedy set in 1950s Moscow, and Russia's first post-Soviet musical. He also produced The Geographer Drank His Globe Away (film), which won the Gran Prix at the 2013 Kinotavr film festival and at the 2013 Film Festival Cottbus.

American Film and Television

With the help of his American daughter, Julia Lebedev, a USC graduate living in Los Angeles, Lebedev has entered the US film industry. Works include Bad Education, starring Hugh Jackman, for which Lebedev won an Emmy award, The Good Doctor co-produced with the film's star Orlando Bloom ("Pirates of the Caribbean") and The Prophet, featuring Salma Hayek and Liam Neeson. Lebedev and his daughter Julia are executive producers of the Netflix series Dear White People.

Filmography

Political activities

From 2002 to 2015, Lebedev was a member of the Federal Council, the second parliamentary chamber of the Russian Federation, as a representative of the Chuvash Republic.[18]

Lebedev continued his business ventures during his 13-year parliamentary career. A media article states that, "unlike other oligarchs, his companies survived the change from the Yeltsin era to the new Russia under Vladimir Putin without major setbacks." In 2015, he resigned his mandate.[18]

Personal life

Lebedev, who is widowed and has two adult daughters. Together with his daughter Julia, who lives in the US, he founded the film production company Code Red Productions. His second daughter, Yana, lives in Moscow and is the founder of an online fashion guide.[7]

As a helmsman and co-owner of his sailing team Synergy, he frequently participated in sailing competitions on his RC44 yacht.[7]

In 2013, Lebedev earned a PhD by Belgorad State Technological University in colloidal chemistry (the topic of PhD dissertation: Kolloidno-elektrokhimicheskiye aspekty zashchity ot korrozii konstruktsionnykh staley oborudovaniya yadernykh energeticheskikh ustanovok (Colloidal and electrochemical aspects of anticorrosion protection of structural steel in nuclear power plants equipment).[19]

In 2017, it was reported in The Guardian that Lebedev had acquired Cypriot citizenship.[1]

Philanthropy

Lebedev supports numerous philanthropic projects in the field of culture and education.[7] Lebedev "enjoys a reputation as a discreet patron of the arts"[20] and is one of the founders of the Chuvashia Fund, which operates in the Russian region of the same name and supports various initiatives in the region in the fields of healthcare, education, and culture.[21] Among other social projects in the Chuvash region, Lebedev has donated funds for the construction of two churches in Cheboksary.[22] [23] In 2011, he was awarded the Order of the Russian Orthodox Church of St. Innocent for supporting the publication of the book "Orthodoxy in China." He was also awarded the Order of the Metropolitan of Moscow and Kolomna and the Order of Sergius of Radonezh for his chartable work.[24]

Lebedev was one of the sponsors of the 2005 exhibition of Russian art at the Guggenheim Museum in New York, held to mark the 60th anniversary of the founding of the UN, which was the first time a retrospective of Russian art from 12th-century icons to modern art objects was shown outside of Russia.[25]

Notes and References

  1. Web site: The billionaires investing in Cyprus in exchange for EU passports . David Pegg . The Guardian . September 17, 2017.
  2. Web site: Sintez Group . 2014-02-01 . https://web.archive.org/web/20140203041917/http://www.sintez-group.ru/ . 2014-02-03 . dead.
  3. Web site: Zhizn' kak pesnya (Life is like a song) . Forbes Russia . February 2, 2009.
  4. Web site: 200 bogateyshikh biznesmenov Rossii — 2021 Reyting Forbes . Forbes Russia . April 22, 2021.
  5. News: Factbook Profile (in Web Archive) . Kommersant . https://web.archive.org/web/20140302011842/http://www.kommersant.ru/factbook/14635 . 2 March 2014 . dead.
  6. News: Russischer Milliardär mit Liebe zum Kino . Frankfurter Allgemeine Zeitung . April 15, 2014.
  7. Web site: From Oil Fields To Hollywood: Leonid Lebedev . Forbes . October 31, 2013.
  8. From Oil Fields to Hollywood: Leonid Lebedev . Forbes . October 31, 2013.
  9. Web site: Es war Verrat (It was treason) . Der Spiegel . March 28, 2015.
  10. Web site: Oligarch wirft RWE dubiose Geschäfte in Russland vor (Oligarch accuses RWE of dubious dealings in Russia) . Manager Magazin . June 8, 2015.
  11. Web site: За ТГК-2 пришли десять инвесторов (Ten potential investors for TGK-2) . Kommersant . November 30, 2007.
  12. Web site: Немецкий энергоконцерн RWE вышел на российский рынок (German energy group RWE enters Russian market) . Deutsche Welle . March 14, 2008.
  13. Web site: Синтез» ищет иностранного инвестора для ТГК-2 (Sintez seeks foreign investor for TGK-2) . mergers.ru . September 25, 2008.
  14. Web site: Court dismisses Russian case against RW . Deutsche Welle . March 3, 2015.
  15. News: Großmann unter Beschuss (Großmann under fire) . Börsenzeitung . March 25, 2015.
  16. Web site: Milliardär verklagt Milliardär (Billionaire sues Billionaire) . Süddeutsche Zeitung . March 24, 2015.
  17. News: Russian oligarchs take battle to NY court . Financial Times . February 5, 2014.
  18. News: Man kann nicht gegen ein Monster ankämpfen (You Can't Fight a Monster) . Die Zeit . June 22, 2016 . Dobbert . Steffen . Endres . Alexandra .
  19. Dissercat.com (electronic library of dissertations) . 2013 . Dissercat.com.
  20. Web site: Russian Oil Trader Keen to Produce English-Language Films . The Hollywood Reporter . December 29, 2013.
  21. Web site: Сенатор Л.Лебедев создал Фонд поддержки социальных и культурных программ "Чувашия" (Senator Leonid Lebedev has set up the Chuvashia Foundation for the Support of Social and Cultural Programmes) . regnum.ru . June 17, 2003.
  22. Web site: Храм святителя Николая г.Чебоксары (ул.Федора Гладкова) (Church of St Nicholas in Cheboksary (Fedor Gladkov Street) . cheb-eparhia.ru . July 20, 2007.
  23. Web site: Член Совета Федерации Леонид Лебедев удостоен Патриаршей награды (Federation Council member Leonid Lebedev receives Patriarchal award) . cheboksari.bezformata.com . January 11, 2019.
  24. Web site: Председатель ОВЦС вручил Патриаршие награды членам редколлегии издания "Православие в Китае" (Chairman of the DoECR presented Patriarchal awards to members of the editorial board of the publication "Orthodoxy in China") . patriarchia.ru . July 29, 2011.
  25. Web site: New Slavs of New York: All Bling and No Borscht . New York Times . October 2, 2005.