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The unassuming billionaire: MB meets Polymetal founder Alexander Nesis
July 20, 2011 - 15:30 GMT
Alexander Nesis is a far cry from the stereotype associated with men of his standing. The Russian founder of silver and gold producer Polymetal and investment company ICT Group is not overbearing or overly assured of his own importance, despite being in possession of a fortune estimated at more than £1.5 billion ($2.4 billion)
The Russian founder of silver and gold producer Polymetal
and investment company ICT Group is not overbearing or overly
assured of his own importance, despite being in possession of a
fortune estimated at more than £1.5 billion ($2.4
billion). Rather, he is reserved, shy even, and apologises
politely for being late. There are no handlers, no advisers
– just one PR exec and a translator to assist Nesis
with his English, which he freely admits is less than perfect.
When it comes to Polymetal, however, it is clear that Nesis is
confident of the company’s strength. It was
founded in 1998 by ICT Group, and between 1999 and 2003, four
green-field mining operations were set up on the basis of
undeveloped gold and silver deposits. Polymetal now has
operations in Russia and Kazakhstan, and "sees no reason to go
to other countries", Nesis tells MB. The company now claims
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Euromoney Institutional Investor PLC.
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