Valērijs Kargins Explained

Valērijs Kargins or Valery Mikhailovich Kargin (Russian: Вале́рий Миха́йлович Каргин; born 27 March 1961, in Riga) is a Latvian[1] [2] economist and banker was the president of Parex Banka, from 1998 to 2008.[3] In October 2000, he and Viktor Krasovitsky had accumulated over 200 million lats together.[1] [2] He created the first travel agency and the first currency exchange corporation in the Soviet Union.[1] [2]

Biography

Kargins was born in Riga on 27 March 1961.[4] [5] His parents were Mikhail Kargin (Russian: Михаил Каргин) b. 1926 in Novosibirsk Oblast) and Dina Grozdeva (Russian: Дина Гроздева) b. 15 October 1931 in Tatarsky District, Novosibirsk Oblast), who was raised by a Soviet serviceman.[4] [5] [6] After his parents were married in 1951 at Novosibirsk where his father was a senior lieutenant in the Soviet Army, they moved to Riga.[4] [5] However, he was raised by his stepfather Georgy (Russian: Георгий) whom the young Kargin considered his real father.[6] He has two brothers: Georgy (Russian: Георгий), who is older, and Vadim (Russian: Вадим b. 1969), who is a younger step-brother.[6] He worked at Komutator in Riga for two months as a loader but he did not enjoy physical labor so he enrolled at university to study journalism.[7] In 1983, he finished the faculty of journalism at the University of Latvia. Then, from 1983 to 1991, he opened one of the first travel agencies in the Soviet Union, in the Latvian Soviet Socialist Republic (Latvian SSR). Then, between 1988 and 1992, he became the director of Parex corporation, which is a travel agency and currency exchange that he and his business partner (Latvian: Viktors Krasovickis) formed.[7] In 1991, he became the first to create a currency exchange corporation in the Union of Soviet Socialist Republics (USSR). The following year, he became the president of Parex Bank.[7] From 1998 to 2008, he was the president and the chairman of Parex Bank.[8]

In 2003, he was the richest man in the Baltics with a wealth of around €300 million.[9]

In October 2008 before the demise of Parex Bank in November 2008, Kargins wealth was estimated by Baltic Screen to be €309 million (220 million lats).[10]

Personal

Ksenia Sobchak interviewed Kargins in Riga about the time that she and released the perfume Married to a Millionaire (Russian: «Zамуж за миллионера»).[11]

He has two sons with Tatyana Kargins from his first marriage which ended in divorce in 2006 and, from his second marriage, a daughter with Anna Barinova.[12] [13] [14]

References

External links

Notes and References

  1. News: Christopher . Watts . Survival Of The Fittest . . 1 . October 2, 2000. November 29, 2011 . August 10, 2001 . https://web.archive.org/web/20010810012249/http://www.forbes.com/global/2000/1002/0319032a.html.
  2. News: Christopher . Watts . Survival Of The Fittest . . 2 . October 2, 2000 . November 29, 2011 . August 22, 2001 . https://web.archive.org/web/20010822232005/https://www.forbes.com/global/2000/1002/0319032a_2.html.
  3. Web site: Parex banka signs agreement with Government . Parexgroup.com . 2011-10-29.
  4. Web site: Iesniegumi: Uzziņa par Valēriju Karginu pilsonības piešķiršanas lietā (Saeimas dok.nr.3400a) . Submissions: Inquiry about Valery Kargin in a case of granting citizenship (Saeimā doc. No. 3400a) . lv . . 12 November 1997 . 1 December 2020 . 12 March 2016 . https://web.archive.org/web/20160312121847/http://www.vestnesis.lv/index.php?menu=doc&id=45958.
  5. Web site: Saeimā No. 306/307 (1021/1022) . lv . . 25 November 1997 . 1 December 2020 . 13 March 2016 . https://web.archive.org/web/20160313082323/http://www.vestnesis.lv/index.php?menu=doc&id=45954 . See 51. — lēmuma projekts “Par Valērija Kargina uzņemšanu Latvijas pilsonībā par īpašiem nopelniem Latvijas labā” (item 51. - draft decision “On the admission of Valery Kargin to Latvian citizenship for special merits in favor of Latvia”). In November 1997, the votes to grant Kargin Latvian citizenship were: "For - 49, against - 18, abstentions - 2. Valērijs Kargins has been admitted to Latvian citizenship.".
  6. Web site: Лапса. Лато (Lapsa, Lato).

    lv:Lato Lapsa

    . Vesti.lv: Каргин Superstar. Часть 2. Kargin Superstar. Part 2. ru. vesti.lv. 2009-05-16. 2020-12-01. 2020-11-25. https://web.archive.org/web/20201125191348/http://helpynew.ucoz.lv/publ/21-1-0-172.
  7. News: Белинская . Ирина (Belinskaya, Irina) . 1996-09-11 . Валерий Каргин: "Люблю когда люди выживают" . ru . Valery Kargin: "I love when people survive." . Журнал "Коммерсантъ Деньги" №32 от 11.09.1996, стр. 16 . 2020-12-01 . https://web.archive.org/web/20201202000147/https://webcache.googleusercontent.com/search?q=cache%3A-Rif8vWismAJ%3Ahttps%3A%2F%2Fwww.kommersant.ru%2Fdoc%2F19914+&cd=2&hl=en&ct=clnk&gl=us . 2020-12-02.
  8. Web site: Parex: О нас . Parex: About us . ru . . 1 December 2020 . 14 February 2012 . https://web.archive.org/web/20120214213101/http://www.parex.lv/ru/history#Начало-нового-пути-01-08-2010.
  9. Borikova . Alla . The Magnificent Ten . . 2020-12-01.
  10. News: Петрова . Светлана (Petrova, Svetlana) . Ориентация на восток . Orientation to the east. . ru . Ведомости (Vedomosti) - SmartMoney # 43 (133) . 17 November 2008 . 1 December 2020 . 31 January 2009 . https://web.archive.org/web/20090131205450/http://www.smoney.ru/article.shtml?2008%2F11%2F17%2F7205.
  11. News: Румянцева . Юлия (Rumyantseva, Julia). В чем Собчак уступила Каргину? Самая стильная девушка России отвечает на вопросы "Субботы" . In what way did Sobchak lose to Kargin? The most stylish girl in Russia answers the questions of "Saturday" . ru . ubbota.com (Суббота) (№ 9) . 1 March 2007 . 25 November 2020 . 23 October 2007 . https://web.archive.org/web/20071023091621/http://subbota.com/2007/03/01/ze006.html?r=6&.
  12. News: Комаров . Кирилл (Komarov, Kirill) . Развод миллионера . Millionaire Divorce . ru . Vzglyad Взгляд Деловая газета . 16 March 2006 . 25 November 2020 . 25 November 2020 . https://web.archive.org/web/20201125225030/https://vz.ru/society/2006/3/16/26044.html.
  13. News: Kargins esot visu pazaudējis tikai tamdēļ, ka pārlieku aizrāvies ar mīlas lietām . Kargin has lost everything only because he is too obsessed with love things . lv . vipi.lv . 12 November 2008 . 25 November 2020 . 5 March 2016 . https://web.archive.org/web/20160305050139/http://www.vipi.lv/vip/latvija/idn26351/kargins-esot-visu-pazaudejis-tikai-tamdel-ka-parlieku-aizravies-ar-milas-lietam/.
  14. News: Спруслане . Яна (Spruslane, Yana) . Татьяна Каргина: "Верю в дружбу, справедливость и любовь!" Личная жизнь самой завидной невесты Латвии . Tatyana Kargina: "I believe in friendship, justice and love!" Personal life of the most enviable bride in Latvia . ru . subbota.com (Суббота) (№ 4) . 25 January 2007 . 25 November 2020 . 11 July 2007 . https://web.archive.org/web/20070711050458/http://www.subbota.com/2007/01/25/ze005.html?r=6&.