Igor Rotenberg is a Russian billionaire businessman and the oldest son and heir to Arkady Rotenberg, Russian billionaire businessman and co-owner with brother Boris Rotenberg, of the SGM group. The Rotenberg's are closely associated with Vladimir Putin. In October 2018, Igor Rotenberg's wealth is estimated to be $1.1 billion. Igor Rotenberg has been under United States sanctions since 6 April 2018. Igor is the majority shareholder in Gazprom Drilling.
Early life and education
Igor Rotenberg was born on 9 September 1974 in Leningrad to Arkady Rotenberg. In 2002, he graduated from the Higher School of Privatization and Entrepreneurship in Pushkino, Moscow, and received his PhD in Law in 2005 in Kaliningrad at the :ru:Калининградский юридический институт МВД России|Kaliningrad Law Institute of the Ministry of Internal Affairs of Russia of the :ru:Санкт-Петербургский университет МВД России|St. Petersburg University of the Ministry of Internal Affairs of Russia.
Career
From 2002 to 2003, he was the Deputy Head of the Department of Property of the Fuel and Energy Complex in the Ministry of Property of Russia which later became Federal Agency for State Property Management in 2004. From 2003 to 2004, he was the Head of the Department of Transport and Telecommunications Property for the Property of Russia. From 2004 to 2005, he was the Vice-President of Russian Railways OJSC and acted as the Head of the Department of Property Management and Organizational Structures. Since 2006, he is the owner and the chairman of the board of directors of the Moscow-based NPV Engineering Group. Since 2008, he is the Vice-President of the design bureau CB "Northern Sea Route". Since 2010, he is the chairman of the board of directors of Mosenergo Heat and Power Company. Since 2011, he is the chairman of the board of directors of :ru:Газпром бурение|Gazprom Burenie LLC. In 2015, Arkady Rotenberg sold his son Igor Rotenberg a number of assets including up to 79% of Gazprom Drilling, 28% of the road construction company Mostotrest, and 33.3% of Jersey-based TPS Real Estate Holdings Ltd. Alexander Ponomarenko and Aleksandr Skorobogatko own 66.6% of TPC Real Estates Holdings. It was reported that Arkady Rotenberg made this move after being placed on the U.S. sanctions list. In 2015, OJCS TPS Real Estate is one of the largest commercial real estate developers in Russia that manages several shopping centers in Russia and Ukraine. It is 100% owned by TPS Real Estate Holding Ltd. It owns the Krasnodar Gallery, Sochi's Moremoll, and Kiev's Ocean Plaza. It is building the Novosibirsk Gallery and Moscow's Slavyansky Boulevard metro station and Polezhayevskayametro station. At the end of 2016, TPS Real Estate managed 12 shopping center with a total area of over 2 million square meters. In 2016, Igor Rotenberg was at the center of a controversy surrounding :ru:Платон |Platon, a company he half-owns, and alleged discrepancies in its contracts with the federal road agency, Rosavtodor. Operated by RT Invest, the Platon toll system electronically tracks and charges tolls to trucks over 12 tons on Russian Federal roads. With a 25% ownership by Rotenberg and using satellite tracking data, ScanEx, a subsidiary of RT Invest, is developing an electronic map of the of Russian federal roads in order to track vehicles for payment to Platon. Approved on 29 September 2014 by Roman Starovoyt, who is the head of Rosavtodor, and Alexander Sovetnikov, who is the director of RT – Invest Transport Systems , Rotenberg, through his companies, is guaranteed to receive from the state budget a very large portion of the 10.6 billion rubles indexed to inflation each year without VAT from 15 November 2015, to 29 September 2027, which is paid to the Planton & RT Invest partnership. After this was revealed, a :ru:Забастовка дальнобойщиков в России|large strike across Russia by truck drivers occurred on Russian federal highways beginning November 2015. Instead of the expected total revenues from Platon of 20 to 40 billion rubles, the actual revenues were 25% or less than those figures. On 29 March 2018, Igor sold his 33.3% stake in TPS Real Estate Holdings for $1 billion to his sister Liliya Rotenberg.
Sanctions
On 6 April 2018, Igor Rotenberg and his NPV Engineering Group were placed under United States sanctions.
Wealth
In October 2018, Igor Rotenberg had an estimated wealth of $1.1 billion by Forbes.
