Anatoly Chubais Biography

(Russian Politician and Chairman of the Executive Board of Rusnano from 2008 to 2020)

Birthday: June 16, 1955 (Gemini)

Born In: Barysaw, Belarus

Anatoly Chubais is an economist and politician who hails from Borisov in Belarusia. A graduate from the 'Leningrad Institute of Engineering and Economics' ('LEEI'), he started out as a teacher at the same university. During his career as an assistant professor, he founded a small organization called 'Reforma'. This organisation which drafted legal reforms helped this economist's political dreams take wings. He also founded groups like 'The Young Economists', and a branch of the 'Perestroyka Club', along with his brother Igor. The purpose of these various associations was to bring together intellectuals who have the same ideas about 'market economy'. Soon, this economist's popularity grew, and he became a deputy to the chairman of the 'Leningrad City Council'. From there began this visionary's implementation of Free Economic Zones and eventually privatization of Russian industries. He rose through political ranks, and was made the Deputy Prime Minister of the nation. Though he is still hailed by many as one of the most influential figures in the Russian economy, this politician and his reforms have also been subjected to immense criticism, as they brought about a class-divide in the society. Presently, he has retired, and serves as an advisor to several big names in the financial sector
Quick Facts

Also Known As: Anatoly Borisovich Chubais

Age: 69 Years, 69 Year Old Males


Spouse/Ex-: Avdotya Smirnova, Ljudmila Chubais, Marija Davidovna Vishnevskaja

father: Boris Matveevich Chubays

mother: Raisa Efimovna Sagal

siblings: Igor Borisovich Chubays

children: Aleksej Chubais, Olga Chubais

Born Country: Belarus

Political Leaders Russian Men

political ideology: Political party - Independent

Grouping of People: Jewish Politicians

Notable Alumni: Moscow Power Engineering Institute

Ancestry: Belarusian Russian, Lithuanian Russian

Founder/Co-Founder: Union of Right Forces, Rusnano

More Facts

education: Moscow Power Engineering Institute

Childhood & Early Life
Anatoly Borisovich Chubais was born to Boris Matveyevich Chubais and his wife Raisa Efimovna Sagal on June 16, 1955, in the Belarusian city of Borisov.
Boris was a former World War II and army official, who later worked as a professor of Scientific Communism and Philosophy. Raisa was a former economist who decided to stay at home after becoming a mother. The couple also had an older son, Igor, who is a philosopher.
In 1977, the young boy completed his higher education from the 'Leningrad Institute of Engineering and Economics' (‘LEEI’, which is now called the 'Saint Petersburg State University of Engineering and Economics'). The same year he joined the ‘Communist Party of the Soviet Union’, in the city.
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Anatoly started working as an Associate Professor at his alma mater, LEEI, in 1982.
The same year he collaborated with economists Grigory Glazkov and Yury Yarmagayev to write an article titled ‘Вопросы расширения хозяйственной самостоятельности предприятий в условиях научно-технического прогресса’ (‘Questions of Expanding the Autonomy of Business Enterprises under the conditions of Scientific and Technological Progress'). The article tried to prove the hypothesis that central planning cannot determine the final demand for products.
During that period, the young economist met Yegor Gaidar, who went on to become the Prime Minister of Russia. Gaidar soon became a regular to lectures delivered by Chubais.
The Russian economist was awarded his Ph.D. in Economics in 1983, for his thesis titled 'Исследование и разработка методов планирования совершенствования управления в отраслевых научно-технических организациях' ('Research and Development of Methods for the Planned Improvement of Management in Industrial Research and Development Organizations').
In 1984, Chubais started presiding over ‘The Young Economists’, a small group of Leningrad-based economists.
By 1987, he established a branch of the 'Perestroyka' club, in Leningrad, with the goal of debating issues related to democracy, based on a common intellectual platform.
A prominent member of this branch was Anatoly's brother, Igor (founder of the Moscow branch of the same club). Also included were prospective politicians and businessmen like Alexei Kudrin, Vladimir Kogan, Ilya Yuzhanov, Pyotr Mostovoy, Mikhail Manevich and Alexander Kazakov.
Chubais was appointed in 1990, as the Deputy to Anatoly Sobchak, the newly elected Chairman of the 'Leningrad City Council'. As the deputy, he aimed to execute Sobchak's vision of establishing a Free Economic Zone in the city.
In 1991, the economist-turned-politician ended his association with the 'Communist Party'. He refused the post of Chairman of the 'Leningrad City Council', and decided to become an advisor to Sobchak, who was now the Mayor of the city. The economist was also appointed as the President of the 'Wassily Leontief Center for Research in Economics'.
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He was elected to President Boris Yeltsin's cabinet in November, 1991, and was given the responsibility of looking after privatization in the nation. He was asked to handle the operations of 'Rosimushchestvo' (the 'Committee for the Management of State Property').
His initial model of quick privatization as a means of earning more revenue was not approved by the 'Congress of People's Deputies of Russia'. He then suggested privatization using vouchers, which had been proposed by economist Vitaly Nayshul almost eleven years back. Ironically, the same idea had then been snubbed by Chubais himself.
On August 19, 1991, the proposal was formally implemented by Russian President Yeltsin. The program was eventually highly condemned, since common citizens were drained of all their savings. The wealthy stratum that gained from this privatization came to be called 'kleptocrats' because they increased their own wealth and gave nothing back to their government.
On June 1, 1992, Anatoly became the first Deputy Prime Minister of 'Russian Federation for Economic and Financial Policy'. The following year, he helped form a political party 'Vybor Rossii' ('Russia’s Choice'), under the leadership of future Prime Minister Gaidar.
The distinguished politician became a member of the governing council of the political party 'Democratic Choice of Russia', which was a part of 'Vybor Rossii', in July 1994. The same year, he was appointed as the first Deputy Prime Minister of Russia, assisting Viktor Chernomyrdin.
From 1995-96, the economist acted as the Russian representative to global financial establishments like the 'Multilateral Investment Guarantee Agency' ('MIGA') and the 'International Bank for Reconstruction and Development' ('IBRD').
After resigning from the post of Deputy Prime Minister in January, Anatoly established the 'Center for Protection of Private Property Foundation' in July 1996.
On 17th March 1997, he was once again chosen as the Deputy Prime Minister of Russia, as well as the Minister of Finance.
On March 23rd 1998 the Deputy Prime Minister retired from his post and was then appointed as the Chairman of 'RAO UES', a government-owned electrical power company. The same year, he presided over major global conferences like the 'Bilderberg Club session', in Scotland, and the 'Round Table of Industrialists of Russia and the European Union'.
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He became a member of the Board of Russian Union of Industrialists and Entrepreneurs in 2000. The same year, he was made the President of the 'CIS Electric Power Council' in Russia, and the co-chairman of the 'Coordinating Council' of the 'Union of Right Forces', a Russian political party.
An attempt to assassinate this politician was carried out in 2005, and Vladimir Kvachkov, a former Russian army officer, was arrested in connection with the case; the accused was however released by the jury.
In May 2010, Chubais was appointed as the Chairman of the 'Board of Trustees' of the 'Gaidar Foundation', formed by the 'Gaidar Institute for Economic Policy' in collaboration with Maria Strugatsky.
Presently, he leads the operations of the 'Russian Nanotechnology Corporation' ('RUSNANO'). He is a member of the advisory boards of distinguished establishments like 'JPMorgan Chase' and the 'Council on Foreign Relations'.
Major Works
This economist and politician is famous for the introduction of reforms to initiate privatization in Russia, which were implemented during the Presidency of Boris Yeltsin. These reforms initially earned him popularity but they were also criticized in the long run. When on the one hand, the citizens of the nation lost all their savings and on the other, the rich continued to amass wealth, his financial moves were condemned.
Awards & Achievements
Chubais was awarded three presidential commendations during 1995-98, for his invaluable contribution towards the improvement of the Russian economy.
The famous politician received an honorary diploma from the 'International Union of Economists' in recognition of his efforts to modernize Russia's fiscal policies, and bring about economic development, in 2001.
In 2007, the Russian economist was named the 'Professional of the Year', by national newspaper 'Vedomosti' for his contribution to the privatization of the country's economy.
The following year, he received another presidential commendation for assisting with the writing of the Russian constitution.
In 2010, he was awarded the state decoration of 'IV degree Order for Merit to the Fatherland', by the Russian Federation for his contribution to nanotechnology in the country.
Personal Life & Legacy
Anatoly was first married to a woman named Lyudmila, who currently owns a restaurant in St. Petersburg called 'Mechta Molokhovets'. They have two children, a daughter, Olga, and a son, Aleksey.
In the early 1990s, the politician left Lyudmila for an economist, Maria Vishnevskaya.
Recently, in 2012, Anatoly Chubais got married to TV host and screenwriter, Avdotia Smirnova, who is fourteen years younger.
In 1997, this famous, yet controversial Russian politician was named 'The World's Best Minister of Finance' by the British magazine 'Euromoney'

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