Boris_Jordan

Boris Jordan

Boris Jordan

Russian-American businessman

Boris Jordan (Russian: Борис Алексеевич Йордан, born 2 June 1966) is a Russian-American billionaire businessman, who is the founder and executive chairman of Curaleaf. As of December 2021, his net worth is USD $1.6 billion.

Quick Facts Born, Education ...

Early life and education

Jordan was born in Sea Cliff, New York (on Long Island) to Russian emigrant parents.[1] His father, Aleksey Borisovich Jordan ,[lower-alpha 1] had lived in Yugoslavia and was a graduate of the "Cadet Corps" in 1941. His mother, Maria Alexandrovna Jordan (née Shishkova), whose father was Alexander Tikhonovich Shishkov, graduated from New York University.[2] According to Boris Jordan, his grandfather was the Russian Minister of Provisions under Pyotr Stolypin before the Russian Revolution. Jordan is a grand nephew of Czar Nicholas II's physician Eugene Botkin.[3]

Jordan earned a bachelor's degree in Russian–American Economic Relations from New York University.[4]

Career

Jordan assisted Russia's economic transition to capitalism in the early 1990s, assisting in the launch of the Russian stock market and the privatization of state assets.[5]

From 1992 until 1995, Jordan worked under Bruce Gardner, who was the director of the Russian Center for Privatization under the Government of the Russian Federation, and headed the Moscow subsidiary of the Credit Suisse First Boston bank, which was part of the Mellon empire.[6] At the same time, he was Managing Director of the Moscow office of CS First Boston. Under his tenure, CS First Boston became a leading investment bank in Russia, engaged in privatization, corporate finance and securities trading.[1] He created the Russian Direct Investment Fund.[7]

Jordan was a co-founder of Renaissance Capital investment group (founded in 1995), along with New Zealander Stephen Jennings.[8]

On 25 November 1998, billionaire Vladimir Potanin recommended Jordan to be Chairman of Sidanko which Jordan held until February 1999 when he stepped down.[3]

Jordan is the President and CEO of the Sputnik Group Ltd., which he launched in 1998. The Sputnik Group is a diversified holding company, which manages the Sputnik Funds, the largest foreign private-equity funds invested in Russia.[9] The Sputnik Group currently owns proprietary investments in Russian insurance (Renaissance Insurance), forestry, telecommunications and media sectors – as well as a number of investments in foreign companies.

In 1999, he established the Cadet Corps Fund, and is the Fund's president.[10]

In 2001-2003, he was the CEO of the Russian TV channel NTV[11] and also CEO of Gazprom Media, a subsidiary media holding of Gazprom.

Later appointed chief executive of Russia's Gazprom Media as well as general director of its NTV television network, Jordan was forced to resign in early 2003 under political pressure.[5]

He is chairman Curaleaf, an American cannabis company.[8][12][13]

Personal life

Boris Jordan and family

Jordan is fluent in English and Russian.[14][15][16] In 2011, Jordan, an NYU alumni, established the Jordan Center for the Advanced Study of Russia at NYU.[17] He purchased a penthouse in South Beach, Miami in 2014 for $20 million. He sold it in May 2018 to Cliff Asness, for a record $26 million.[18][19]

Nicholas Jordan

Jordan's brother, Nicholas Jordan, has an extensive career in Russia related entities and finance. He is fluent in Russian and English. In 1982, he graduated from Boston University with a bachelor's degree majoring in political science and embarked upon a career in finance.[20]

At Deutsche Bank, he was Alfred Koch's banker when Koch was with Gazprom-Media.[21] Nichols Jordan supported his brother during the privatization of Russia.[22][23] After he co-headed Russian investment at Deutsche Bank spearheading the financial backing of the Kremlin's aims for financing the Gazprom expansion into petroleum, he went to Lehman to re enter the Russian markets in March 2007.[24][25][26] He received nearly $7 million to re establish the Lehman Brothers Holdings' Moscow office in 2007 as head of its Russia operations.[27][28]

In 2015, he left the UBS Group to join Goldman Sachs as the co-CEO of Goldman Russia. In September 2015, he joined Oleg Boyko's Finstar as CEO.[29][30][31] From March until October 2018, he was at Big Un Limited.[32][33][34]

In January 2019, he joined the boards of Oleg Deripaska's En+ Group and his Rusal.[30][35]

See also

Notes

  1. Boris Jordan's paternal grandfather Boris Mikhailovich Jordan was in the Page Corps until 1907, had fought in the Great War as a Life Guard Ulansky Regiment until mid-1915 after which he served in staff positions, later fought as a White Russian during the Russian Civil War, was evacuated with Wrangel's forces from Crimea in November 1920 and lived in Skopje. After World War II, he lived in Salzburg before emigrating to the United States, where he died on 20 July 1950.[2]

References

  1. [1]
    Kranz, Patricia (22 May 1995). Boris Jordan: The man who made Moscow's Market. Businessweek Archived.
  2. [2]
    Хлестаков из нью-йоркского пригорода
  3. [3]
    Йордан Борис Алексеевич ("Панорама"); accessed 28 November 2021.
  4. [4]
    "Boris Jordan, President and Chairman of the Board of the Sputnik Group". Sputnik. Retrieved September 11, 2019.
  5. [5]
    Television and Presidential Power in Putin's Russia, pg. 67. Tina Burrett. 2011: Routledge, New York. ; accessed 28 November 2021.
  6. [6]
    Жизнь и бизнес олигарха: Потанин Владимир Олегович (9); accessed 28 November 2021.
  7. [7]
    Тихий американец или 5 российских скандалов из жизни Бориса Йордана; accessed 28 November 2021.
  8. [8]
    Sandler, Rachel. "Cannabis King: Boris Jordan, Chairman Of Curaleaf, Becomes The Only Pot Billionaire". Forbes. No. 10 September 2019. Retrieved September 11, 2019.
  9. [9]
    "Sputnik Group management bios"; accessed 28 November 2021.
  10. [10]
    ФОНД СОДЕЙСТВИЯ КАДЕТСКИМ КОРПУСАМ; accessed 28 November 2021.
  11. [11]
    Valeria Korchagina. "JORDAN IN THE HEADLINES AGAIN", St Petersburg Times, 6 April 2001.; accessed 28 November 2021.
  12. [12]
    Will Yakowicz, Forbes, 2022
  13. [13]
    Chris Roberts, The Guardian, 2022
  14. [14]
    JORDAN IN THE HEADLINES AGAIN (1)
  15. [15]
    JORDAN IN THE HEADLINES AGAIN (2)
  16. [16]
    JORDAN IN THE HEADLINES AGAIN (3)
  17. [17]
    Jordan Center for the Advanced Study of Russia at NYU
  18. [18]
    Howley, Kathleen (May 14, 2018). "Russian Venture Capitalist Sells South Beach Penthouse For Record $26M". Forbes. Retrieved September 11, 2019.
  19. [19]
    Barron's accessed 12 November 2019.
  20. [20]
    "ITI Group expands senior team with several major new hires". February 11, 2021. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  21. [21]
    "The smell test: Western financiers hold their noses when they do business in Russia". The Economist. February 22, 2001. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  22. [22]
    Belton, Catherine (March 9, 2007). "Top bankers play key role on Russian stage". Financial Times. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  23. [23]
    "Nicholas Jordan". August 26, 2021. Archived from the original on August 27, 2021. Retrieved November 28, 2021.
  24. [24]
    Corcoran, Jason (February 23, 2008). "Senior executives leave Deutsche Bank in Moscow". Financial News. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  25. [25]
    "Lehman set to hire Deutsche Bank's Nick Jordan". BobsGuide. March 9, 2007. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  26. [26]
    Ostrovsky, Arkady (December 1, 2004). "Gazprom may buy oil firms in Russia". Business Standard. Archived from the original on June 23, 2021. Retrieved August 26, 2021.
  27. [27]
    "Investment bankers head to Moscow for more pay". The New York Times. May 14, 2007. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  28. [28]
    "UPDATE 1-MOVES-BNP Paribas, Quadrangle, Lehman Brothers". Reuters. January 29, 2008. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  29. [29]
    Guryanova, Anne (October 6, 2015). "Goldman Sachs finally trusts Russians to run its Moscow operations". The Russia Times. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  30. [30]
    "EN+ announces new Board members". SEC. January 28, 2019. Retrieved August 26, 2021.
  31. [31]
    "Ник Джордан займет пост генерального директора в финансовой группе Finstar" [Nick Jordan to take over as CEO of Finstar Financial Group]. Gambling News (in Russian). October 9, 2015. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  32. [32]
    "Nicholas Jordan: Independent Non-Executive Director, United Co. RUSAL International PJSC". The Wall Street Journal. August 18, 2021. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  33. [33]
    "Nicholas Jordan: Former Chairman, Big UN Ltd". Bloomberg News. August 26, 2021. Archived from the original on August 27, 2021. Retrieved November 28, 2021.
  34. [34]
    "Big Un Ltd Appointment of New Chairman". Market Screener. March 21, 2018. Archived from the original on August 27, 2021. Retrieved November 26, 2021.
  35. [35]
    Rohrlich, Justin (January 28, 2019). "A Trump insider got a board position right after the US lifted sanctions on a Russian company". Quartz. Archived from the original on June 21, 2021. Retrieved August 26, 2021.

General references
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