Dmitry Bosov
Billionaire Dmitriy Bosov, 52, has been found dead at his apartment in Moscow according to reports from Russia.
The Investigative Committee of Russia, the country’s top federal investigating authority, has confirmed that the body of a man with a gunshot wound to the head was found by relatives in the territory of a household in the village of Usovo. A Glock 19 gen 4 pistol was found next to the man’s body. The Alltek Group, which Bosov founded, confirmed in a statement that Bosov has died.
The Alltek Group said in its statement that Bosov’s death is “a huge loss for everyone who knew him.” It describes him as “an outstanding businessman, a brave and determined innovator, a reliable partner, a sensitive and devoted friend.”
Investigators are looking into the cause of death, which may be a suicide.
Bosov was best known for ownership of the Sibanthracite Group, which united several coal producers in Siberia and formed the backbone of his estimated $1.1 billion net worth. The group claims to hold over 670 million tons of coal and anthracite reserves.
Vladimir Potanin, and Dmitry Bosov (L-R) in their 2016 Ice Hockey Legends' Cup match
Dmitriy Bosov In Short
Forbes.ru, the website of Forbes licensee Forbes Russia, has chronicled the rise of Dmitriy Bosov. According to Forbes.ru, Bosov graduated in 1991 from the faculty of radio electronics and laser technology of Bauman Moscow State Technical University.
Alongside fellow students Dmitry Aga, Dmitry Shatokhin and Vladimir Mikulik, he started his first company the day after graduation, selling computers.
Early success came through “aluminum capital” after Bosov heard, through a friend in the Ministry of Foreign Economic Relations, that money could be made in loans for the supply of aluminum for state needs.
Simon Reuben (L) and David Reuben
Later in his career he did business with a colorful cast of characters that dominated Russian industry through the 1990s. Through Krasnoyarsk aluminum smelter, now reportedly a part of billionaire Oleg Deripaska’s empire, Bosov went into business with U.K. citizens and brothers David and Simon Reuben, now billionaires with an estimated net worth of $7.1 billion each.
In 1992 investors agreed provide the Krasnoyarsk smelter with the raw alumina and pay, according to a news story on the Reuben brothers website, what is now known as a “tolling” fee, with the Reuben group taking on the ever-changing price, and obvious market risk.
By 2000 the relationship had soured. A civil war broke out. Sibneft’s Roman Abramovich and Boris Berezovsky unexpectedly bought shares in aluminum plants, causing confusion. Eventually Bosov and his partners were bought out by Abramovich and Berezovsky for $550 million.
A spokesperson for David and Simon Reuben told Forbes that they enjoyed a “very good working relationship with Mr Bosov from about 1994 to 1999. They are saddened to hear of his demise and offer his family and loved ones their sincere condolences.”
Recent Rise
Bosov hit the Forbes billionaires list for the first time this year through his stake in Sibanthracite, formed in 2001.
Forbes.ru reports that by the mid-2010s, Sibanthracite’s coal pit had accelerated its yield, growing to control over 21% of the Russian coal market, with production rising from 6 million tons of coking coal and hard coal in 2014 to 24 million tons of coal in 2018.
If you or someone you know is having thoughts of suicide, call the National Suicide Prevention Lifeline at 1-800-273-8255 (TALK).
You can also text Crisis Text Line at 741741. Both offer 24/7, free and confidential support for people in distress or crisis from anywhere in the U.S.
