Boris Jordan


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Boris Jordan (‹See Tfd›Russian: Борис Алексеевич Йордан, born June 2, 1966) is an American billionaire businessman, who is the founder and executive chaiman of Curaleaf.

Boris Jordan

BornJune 2, 1966 (age 58)
EducationNew York University
OccupationBusinessman
Known forFormer CEO of Gazprom Media
Founder Renaissance Capital
CEO of Sputnik Group
CEO of Curaleaf
SpouseElizabeth Jordan
Children5

Early life

Jordan was born in Sea Cliff, New York to Russian emigrant parents.[2] His father, Aleksey Borisovich Jordan [a], had lived in Yugoslavia and was a graduate of the "Cadet Corps" in 1941 and his mother Maria Alexandrovna (née Shishkova), whose father was Alexander Tikhonovich Shishkov, graduated from New York University.[3] 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.[4]

Education

Jordan earned a bachelor's degree in Russian–American Economic Relations from New York University.[5]

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.[6]

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.[7] From 1992 to 1995, Jordan was Managing Director of the Moscow office of CS First Boston. During his tenure, CS First Boston became a leading investment bank in Russia, engaged in privatization, corporate finance and securities trading.[2] He created the Direct Investment Fund for Russia (‹See Tfd›Russian: "Фонд прямых инвестиций для России").[8]

Jordan was a co-founder of Renaissance Capital investment group (founded in 1995), along with New Zealander Stephen Jennings.[1]

On 25 November 1998, billionaire Vladimir Potanin recommended Jordan to be Chairman of Sidanko which Jordan held until February 1999 when he stepped down.[4]

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] Currently, The Sputnik Group owns proprietary investments in Russian insurance (Renaissance Insurance), forestry, telecommunications and media sectors – as well as a number of investments in foreign companies. He is the chairman of Curaleaf, a cannabis company.[1]

In 1999, Jordan 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 the CEO of Gazprom Media, a subsidiary media holding of Gazprom (now of Gazprombank) that owned NTV, TNT, NTV Plus, five popular radio stations (including Echo of Moscow), numerous widely circulated news and entertainment publications, and two premier movie theaters in Moscow and St. Petersburg.[citation needed]

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.[6]

Since 2007, Jordan has been a Member of the Council on Foreign Relations and a member of the Board of Trustees of New York University (NYU), his alma mater. At NYU, he founded The Jordan Center for the Advanced Study of Russia.[citation needed]

Personal life

Boris Jordan and family

Jordan is fluent in English and Russian.[12][13][14] He is married to Elizabeth.[15] They have one daughter and four sons.[5][16]

In the late 1990s while he headed Sputnik, he resided in Luxembourg.[17]

In 2011, Boris and Elizabeth Jordan, both NYU alumni, established the Jordan Center for the Advanced Study of Russia at NYU.[18]

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.[15][19]

Nicholas Jordan

Boris 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 and 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][35] In January 2019, he joined the boards of Oleg Deripaska's En+ Group and his Rusal.[30][36]

The Jordan brothers are very close to Charles Ryan, Max Shcherbakov (‹See Tfd›Russian: Макс Щербаков), and Alfred Koch.[37]

Their father Aleskey Jordan taught at an intelligence school in the United States.[38]

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 Skoplje. After World War II, he lived in Salzburg before emigrating to New York in the early 1950s. On July 20, 1950, he died in Concord.[3]

References

  1. ^ a b c Sandler, Rachel. "Cannabis King: Boris Jordan, Chairman Of Curaleaf, Becomes The Only Pot Billionaire". Forbes. No. 10 September 2019. Retrieved September 11, 2019.
  2. ^ a b Kranz, Patricia (May 22, 1995). Boris Jordan: The man who made Moscow's Market. Businessweek Archived.
  3. ^ a b Хлестаков из нью-йоркского пригорода
  4. ^ a b Йордан Борис Алексеевич ("Панорама")
  5. ^ a b "Boris Jordan, President and Chairman of the Board of the Sputnik Group". Sputnik. Retrieved September 11, 2019.
  6. ^ a b Television and Presidential Power in Putin's Russia, p67. Tina Burrett. 2011: Routledge, New York. [1]
  7. ^ Жизнь и бизнес олигарха: Потанин Владимир Олегович (9)
  8. ^ Тихий американец или 5 российских скандалов из жизни Бориса Йордана
  9. ^ "Sputnik Group management bios"
  10. ^ ФОНД СОДЕЙСТВИЯ КАДЕТСКИМ КОРПУСАМ
  11. ^ JORDAN IN THE HEADLINES AGAIN. Valeria Korchagina. St Petersburg Times, 6 April 2001.[2]
  12. ^ JORDAN IN THE HEADLINES AGAIN (1)
  13. ^ JORDAN IN THE HEADLINES AGAIN (2)
  14. ^ JORDAN IN THE HEADLINES AGAIN (3)
  15. ^ a b Howley, Kathleen (May 14, 2018). "Russian Venture Capitalist Sells South Beach Penthouse For Record $26M". Forbes. Retrieved September 11, 2019.
  16. ^ Йордан Борис Алексеевич ("Коммерсантъ")
  17. ^ Иные берега ("Патриот")
  18. ^ http://jordanrussiacenter.org/
  19. ^ Barron's accessed November 12,2019
  20. ^ "ITI Group expands senior team with several major new hires". February 11, 2021. Retrieved August 26, 2021.
  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. ^ 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. ^ "Nicholas Jordan". August 26, 2021. Retrieved August 26, 2021.
  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. ^ "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. ^ Ostrovsky, Arkady (December 1, 2004). "Gazprom may buy oil firms in Russia". Business Standard. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  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. ^ Reuters staff (January 29, 2008). "UPDATE 1-MOVES-BNP Paribas, Quadrangle, Lehman Brothers". Reuters. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  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. ^ a b "EN+ announces new Board members". SEC. January 28, 2019. Retrieved August 26, 2021.
  31. ^ "Ник Джордан займет пост генерального директора в финансовой группе Finstar" [Nick Jordan to take over as CEO of Finstar Financial Group]. Gambling News (newsofgambling.com) (in Russian). October 9, 2015. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  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. ^ "Nicholas Jordan: Former Chairman, Big UN Ltd". Bloomberg News. August 26, 2021. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  34. ^ "Big Un Ltd (ASX:BIG) Appointment of New Chairman". uk.yahoo.news.com. March 21, 2018. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  35. ^ "Big Un Ltd Appointment of New Chairman". Market Screener. March 21, 2018. Archived from the original on August 27, 2021. Retrieved August 26, 2021.
  36. ^ 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.
  37. ^ "Райан и Джорджи, 04.04.01: Вот как Чарльз Райан, один из руководителей ОФГ, 4 апреля оценивал свою деятельность в разговоре с зарубежным коллегой по имени Джорджи (перевод с английского)" [Ryan and Georgie, 04/04/01: This is how Charles Ryan, one of the leaders of the UFG, on April 4 assessed his activities in a conversation with a foreign colleague named Georgie (translated from English)]. flb.ru (in Russian). April 4, 2001. Archived from the original on April 4, 2001. Retrieved August 26, 2021.
  38. ^ Korchagina, Valeria (April 6, 2001). "JORDAN IN THE HEADLINES AGAIN". Saint Petersburg Times (No. 659). Archived from the original on August 18, 2014. Retrieved August 26, 2021.