Oleg Tinkov - billionaire, successful entrepreneur and brawler

Education

At school, Oleg was an average student and during his studies managed to change more than one school, and later was also busy working in a mine. He was more interested in sports rather than studies. In particular, he achieved great success in cycling. He not only won many championships, but also achieved the title of candidate master of sports. While at competitions abroad, Tinkov managed to buy some scarce goods and sell them at an increased price in his homeland. His career as a cyclist was interrupted by military service, where he was drafted immediately after graduating from school.

After the army and some personal events, Oleg decided to leave for Leningrad. In 1988 he entered the Leningrad Mining Institute. There he began by reselling alcoholic beverages to classmates in the dormitory. Later, he took up the then popular “shuttle” business, purchasing imported items from foreign students and reselling them. In addition, he transported goods to his hometown, and from there, equipment for sale.

Oleg left the institute in his 3rd year, he had other goals, and he no longer saw the point in studying. True, at the age of 31 he decided to finish his education and studied at the American University of Berkeley with a degree in Marketing.

Tinkov’s student business, based on the “shuttle” business, has developed to impressive proportions. Among his partners were classmates - Andrei Rogachev, Oleg Leonov and Oleg Zherebtsov, who later also became famous entrepreneurs. During this period, Tinkov had already amassed his initial capital.

Oleg Tinkov

Oleg Yurievich is a Russian billionaire, banker and successful businessman.

Childhood and school years

Born on December 25, 1967 in the village of Polysayevo, Leninsk-Kuznetsk district, Kemerovo region, in the family of a miner and a seamstress. As he wrote later in his book “I’m like everyone else: not a fictional novel,” the family comes from a noble family from near Tambov. In the St. Petersburg Public Library he even found the family coat of arms of the family. But in the bloody twenties, my grandfather and grandmother left their native place and settled in Kolchugino (as Leninsk-Kuznetsky was previously called).

According to the memoirs of the future banker, he was raised harshly: at exactly nine o’clock the boy had to be home.

In 1982, he became interested in cycling, won first city and then regional competitions, and flew to other cities. Then he started trading (in Soviet times this was called speculation): on trips he bought jeans, sneakers, mohair scarves, and then sold all this in his hometown for three to four times more expensive.

Military service

In 1986, he graduated from school (he managed to change several classes during his studies) and joined the army. He served the required two years in the border troops - in the Far East, in Nakhodka and Nikolaevsk-on-Amur.

Education

In 1988, after the army, he entered the Leningrad Mining Institute. Among his then friends were many future entrepreneurs: Andrei Rogachev (founder of the Pyaterochka chain), Oleg Zherebtsov (Lenta) and Oleg Leonov (Dixie).

Career

In 1992, he started wholesale trade: he brought electronics from Singapore and sold them in Russia. First, he opened a limited liability partnership “Petrosib” in St. Petersburg, and then regional “Petrosib-Kemerovo”, “Petrosib-Novosibirsk”, “Petrosib-Omsk” and others. He brought then popular calculators, a source of pride for schoolchildren and students, then office equipment, televisions, and video recorders.

In 1994, Petrosib opened a store under the Sony brand on Maly Prospekt of Vasilievsky Island in St. Petersburg. Then Petrosib USA opened its office in San Francisco. Success in retail trade pushed him to combine these structures, and in 1995 his new brainchild, TechnoShock, appeared.

At the same time, “MusicShock” arose - at that time the first legal network in St. Petersburg selling records, laser and CDs.

Another of his musical projects was a recording studio. There, at one time, the album “Leningrad” was recorded, as well as the albums of the groups “Bricks” and “Knife for Frau Müller”.

In 1997, he had to sell these (by the way, GALA Records was bought). And he started working on other projects. Among them were a beer restaurant and a company producing frozen semi-finished foods, Daria, named after the eldest daughter. The initially successful brand eventually developed debts, and in 2001 it was sold to Roman Abramovich.

In August 1998, he opened his own beer restaurant in St. Petersburg; later his establishments appeared in Moscow, Samara, Novosibirsk, Nizhny Novgorod, Kazan, Ufa, Yekaterinburg, Vladivostok and Sochi.

In mid-2005, the entrepreneur sold the brewing business to the Belgian concern InBev, and in 2009, the restaurant chain to the Scandinavian fund Mint Capital.

Banking activities

In 2006, a deal was carried out to acquire the Russian Himmashbank, which then became known as Tinkoff Credit Systems. It became the only bank in Russia with remote servicing. At the beginning of 2015, it was renamed Tinkoff Bank.

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He served as Chairman of the Boards of Directors of Tinkoff Insurance and Tinkoff Bank joint stock companies.

On April 2, 2020, he left the board of directors of the credit institution. The founder of Tinkoff Bank also did not join the board. He stepped down to focus on his health, the company said in a statement.

Other projects

From 2007 to 2010, the businessman wrote as a columnist in Finance magazine. In 2010, the editor-in-chief of this magazine, Oleg Anisimov, went to work for a credit institution owned by a banker, and they worked together on the program “Business Secrets” on the Russia.ru Internet channel.

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Hotel business

The businessman owns the La Datcha Tinkoff Collection chain, which consists of several guest houses. The latter are rented out to everyone at a time when their owner and his family and friends are not vacationing there. “La Daci” is located in the French Courchevel and Val Thorens, the Italian Forte dei Marmi and on the coast of the Caspian Sea in the Astrakhan region.

In November 2020, he showed the interiors of a new summer house, which he plans to open in 2020 in the Mexican state of Baja California Sur.

Last news

On March 6, 2020, the banker announced that he had been diagnosed with an acute form of leukemia. Since October 2019, when the diagnosis was made, the businessman has undergone several courses of chemotherapy. Currently, he continues to fight for life.

Hobbies

The school love for cycling has not faded over time: now the entrepreneur continues to engage in it together with his Tinkoff-Saxo team.

Publications

He wrote three books: “I’m like everyone else: not a fictional novel” (2010), “How to become a businessman” (2011) and “Revolution. How to build the largest online bank in the world" (2018).

Family

Married. He met his wife, Rina Vosman, in his first year at the institute in 1989.

With his wife Rina

Rina and Oleg lived together for more than 20 years, but their marriage was officially registered only in June 2009.

Biography of the wife

Vosman Rina Valentinovna was born on August 29, 1969 in the city of Kohtla-Jarve in Estonia. She went to Russia to receive higher education and entered the Leningrad Mining Institute.

In an interview with GQ, he said that he gives his wife few gifts and generally tries not to spoil her, as it corrupts. The family has three children: sons Roman and Pavel are students at Oxford College, the eldest daughter Daria works at Bordeaux Index.

Biography of daughter

Daria Olegovna was born on December 31, 1993.
The girl studied in several countries: the USA, Italy, Russia and England. Speaks English, Italian, French and German. Video:

Family

The future businessman spent the first 18 years of his life in his hometown. Oleg's parents were ordinary people with average earnings, which were considered quite decent by the standards of that time. But the boy believed that more could be achieved in life. He was brought up in strictness, he was not allowed to come home later than nine in the evening, which became a reason for ridicule from his friends. Now Tinkov is grateful to his parents for such an upbringing, because many of his friends and neighbors became alcoholics or drug addicts.

Accident

One tragic episode in Oleg’s biography is often recalled by journalists. A terrible car accident played an important role in his fate. He had just returned from the army and decided to go to summer camp with his beloved girl. But a KAMAZ crashed into the bus, after which the girl died, and Oleg was left with a scar on his face. Immediately after recovery, he decided to go to Leningrad, since staying in his hometown was unbearable. Therefore, to some extent, this accident pushed him to subsequent successful decisions in life.

"Technoshok"

Later, Tinkov opened a SONY store in St. Petersburg. And a year later - the Tekhnoshok chain of stores, in which manager-consultants appeared for the first time in Russia. This added prestige and popularity. In Tinkov's stores, customers were ready to purchase goods, despite their high cost.

Already in the mid-90s, the entrepreneur acquired the Shock Records recording studio, which is known for its collaboration with Sergei Shnurov, the leader of the Leningrad group. However, due to unprofitability, Tinkov closed the project and created a music products store “MusicShock” on its basis.

Literature and filmography about Oleg Tinkov

From 2007 to 2010, Oleg Yuryevich wrote a column in the Finance magazine, and when the editor-in-chief of the publication went to work at Tinkoff Bank, together with him he prepared a series of programs “Business Secrets with Oleg Tinkov.” The billionaire is a lively user of social networks, where his provocative communication style often leads to scandals and mutual insults.

Oleg Tinkov wrote 2 books:

1. “I’m like everyone else” (2009).
2. “How to become a businessman” (2010).

He is the hero of the online game “Help Oleg raise a million” and has starred in several television shows:

• "School of Scandal";
• "Evening Urgant";
• "vDud".

Beer "Tinkoff"

At this time, the businessman disappeared from view for a short time. The reason for this was his departure to the USA, where he decided to continue his studies and get a diploma. There he made significant connections and learned business experience from American entrepreneurs.

During these same years, I decided to go into the restaurant business. First he founded a company for the production of beer products, and later opened the country’s first brewing restaurant, Tinkoff, which became a wide chain within a year. Tinkoff beer enjoyed enormous success not only in Russia, but also abroad, in particular in the USA.

Beer business

The brewing business was opened with funds from the sale of Daria. At the time of its launch, Oleg already owned a small chain of gourmet beer restaurants known as Tinkoff Restaurants.

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Around this time, a law was passed prohibiting advertising of low-alcohol alcoholic beverages during the daytime, so Tinkov decided to sell the enterprise. The buyer was the famous company SUN InBev, which paid $201 million for the company.

Tinkoff Restaurants

The Tinkoff restaurant chain began its activities in St. Petersburg with the opening of a restaurant with a brewery. This idea came to the businessman after a meeting with German entrepreneurs, who considered it a tradition to combine these two establishments and develop a brand under their own name. The work of the restaurants was accompanied by an unusual advertising campaign. For example, there was this slogan: “Vodka without beer is money down the drain.”

Later, Tinkoff branded restaurants opened in Moscow, Samara, Novosibirsk and other Russian cities.

Business secrets of Oleg Tinkov

Oleg studied only three courses at the St. Petersburg State Mining Institute.
The reason for leaving the university was a successful commercial activity. So, in particular, already in 1992, Tinkov managed to open his own trading company, which was engaged in the trade of Singaporean electronics. Somewhat later, a retail network for the sale of household appliances “Technoshok”, which was created by Oleg Yuryevich, also appeared in St. Petersburg. Some time later, it also added a chain of stores selling music products (“MusicShok”), as well as a record label, known for its collaboration with Sergei Shnurov and the group “Bricks.”

One day of Oleg Tinkov The commercial empire of Oleg Tinkov grew quickly, but in its original form it still existed for a relatively short time - about five years. In 1997, businessman Tinkov successfully sold the companies he owned and began to engage in new projects. One of these was a company producing dumplings, produced under the Daria brand.

Subsequently, this brand also brought considerable success to Oleg Tinkov, but over time it acquired considerable debts and was sold to another Russian businessman, Roman Abramovich. According to media reports, the transaction amounted to $21 million, of which about seven million was spent on paying off debts.

While selling the company, Oleg Tinkov left for the USA for some time, where he again began to pursue his education. In 2000, he completed a six-month Diploma Marketing Program business course at the University of California.

After this, Tinkov fell out of sight of the Russian and European media for some time, but subsequently reappeared in the business world with a new project - a brewery. A little later, a chain of restaurants of the same name was also added to this, the distinctive feature of which was the presence of their own breweries. The beer company's products were sold both in Russia and in the USA. At its peak, the restaurant chain included restaurants located in nine Russian cities.

Oleg Tinkov: “I will not sell the bank!” Tinkov's commercial product was a great success and became famous thanks to a rather eccentric advertising campaign. In particular, the well-known slogan “Vodka without beer is money down the drain,” which is widely

used by the marketing department of a brewing company. The enterprise was a success, but later the Russian entrepreneur sold the business he had created again. In 2005, thirty and then the remaining seventy percent of the company's shares were sold to the Swedish fund Mint Capital. The transaction amount, according to official information, was $200 million.

Tinkoff Credit Systems

In 2005, Tinkov sold his restaurant and brewing business to a Swedish company. As an experienced businessman, he believed that a restaurant is successful for the first 4-6 years, then it needs to be changed or large investments must be made for further development.

In 2006, the entrepreneur decided to try himself in a completely new and serious field - banking. The first step was the acquisition of Khimmashbank, which was later renamed Tinkoff Credit Systems. The essence of this business was an online service for clients. The basis for this was the experience of one of the American banks, which specialized in remote servicing and issuing bank cards. After consulting and analyzing the activities of such banks, the businessman decided that they could operate in Russia.

Content

• 1 Biography 1.1 Early years
• 1.2 Education
• 1.3 Family

Tinkoff Bank

Tinkov invested 70 million US dollars in opening his bank. A distinctive feature of Tinkoff Bank, according to the businessman himself, is the absence of branches and queues; all operations are carried out via the Internet or by telephone. The main products of Tinkoff Bank are credit cards and deposits.

In 2020, Tinkoff Bank won the title of “Bank of the Year” according to the largest Russian banking portal Banki.ru. In 2017, it became second in the Russian market in terms of the number of credit cards. In addition, the bank’s mobile application has been recognized as the best in the country over the past 3 years. To deliver his products, Tinkov assembled a staff of representatives, which totals 1,800 people.

Interesting facts from the life of Tinkov

Oleg Tinkov fills each of his business projects with real content. If it’s electronics, then premium service and quality products. If it’s dumplings, then they are made using modern technologies on Italian equipment. For beer, only Munich or Vienna malt and German brewing recipes, for the bank - online service, home delivery of cards, etc. That is, when dealing with Tinkov’s companies, people pay not for air, but for image, service and quality.

To promote his product, Oleg Yuryevich used all methods, including deception, although now this is called a “marketing ploy.” For example, at one time he composed a legend that he allegedly came from an ancient family of brewers, and as proof cited a page from the Brockhaus and Efron dictionary with a note about Porfiry Tinkov, who supplied beer to the imperial court in 1759. Later it turned out that such a brewer never existed, and the copy of the page was a fake, but the legend had already done PR for the company and glorified the entrepreneur.

Oleg Yuryevich loves to joke and troll others. And he does it when and where he wants. He can shower those present at any event with champagne. Write on Twitter that he is gay, and then be sincerely perplexed as to how anyone could believe this joke.

Video: Tinkov’s scandalous speech at MGIMO

He can be called a man without complexes, but with iron self-control, which saved the businessman on Black Friday (November 2013), when Kommersant published amendments to the bill making the issuance of bank cards remotely illegal.

Thanks to the genius of the owner, Tinkoff Bank came out of all crisis situations with honor - raised deposit rates so that people took less and carried/left more, opened new products - a salary project, co-branded cards OneTwoTrip, eBay, Afimall, applications like “Traffic Police Fines” " And so on

It later turned out that the editorial staff missed only one word - or - but the market panicked. The price of Tinkoff Bank GDR on the London Stock Exchange fell by 40%, and the bank’s valuation decreased by 1 billion USD, which negatively affected the value of the shares.

Tinkov plans to turn his bank into a financial supermarket, where all services will be provided via the cloud. According to the businessman, this will attract trillions of customers around the world and make the banking business independent of loans and turmoil in the Russian economy. In addition, Oleg Yuryevich dreams of building the first private ice drift so that wealthy people can travel to the Arctic and Antarctic.

But that will come later, but for now Oleg Tinkov is actively involved in the La Datcha tourism project, which allows you to rent luxury housing in Europe, sincerely loves dogs and is involved in targeted charity. With his money, a school was built in Leninsk-Kuznetsky and nursing homes in the Moscow region were renovated.

Cycling

Tinkov began to get involved in road cycling during his school years. Later, in the 2000s, having become a famous entrepreneur, he created a cycling team, which is now called “Katyusha”. Under the leadership of a businessman, she won many victories. In 2005, Tinkov personally took part in an international competition called “Five Rings”.

Successes and failures in business

Having accumulated start-up capital in the hostel, Oleg Tinkov opened a business immediately after dropping out of university. The company was engaged in the sale of office equipment from Singapore.

Initially, the businessman focused exclusively on the Russian market, but later began trading with Poland, Germany and other European countries. The business grew rapidly, but income from wholesale trade began to fall.

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To solve this problem, he took a number of actions:

1. In 1994, he opened his first large SONY electronics store.
2. In 1995, the Tekhnoshok brand was created - already a full-fledged chain of stores. This was the first enterprise in the Russian Federation with professionally trained sales consultants. By 1996, the company's turnover amounted to $40 million.
3. In parallel with Technoshok, the music store “Music Shock” and the recording studio “Shock Records” were opened. However, the business turned out to be unprofitable and existed until 1998. Was sold to Gala Records.

In 1996, the businessman became a US citizen. In 1997, due to the opening of Eldorado and high competition, Oleg Tinkov sold Technoshok and invested the proceeds of $7 million in the production of Daria dumplings, named after his daughter.

Since 1998, the workshop has been producing products under the Smak brand in Peterhof. Due to a loan debt of $7 million, the business was sold to Roman Abramovich in 2001 for $21 million.

Since 1997, Oleg Tinkov started thinking about creating his own brewery. On the recommendation of colleagues from Munich and thanks to their investments, in 1998 he opened a private brewery combined with a restaurant.

The first, and soon the second, plants were built in 2003. However, the business was unsuccessful. In 2005, the factories were sold to Sun Interbrew for $200 million, and the restaurants for $10-12 million.

In the same 2005, on Necker Island, which belongs to Richard Branson, Oleg Tinkov presented a project for the first fully remote bank in Russia. In 2006, he bought Himmashbank for the license and opened Tinkoff Credit Systems.

And on October 25, 2013, after the IPO, Oleg Tinkov officially became a billionaire. Three days later he renounced his American citizenship.

Now the businessman is officially a citizen of Great Britain and Cyprus. He retired from active affairs, but remains the leading shareholder of the company, which was renamed Tinkoff Bank in 2020.

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Tinkoff cycling team

Today the Tinkoff cycling team is a professional team in Russia, whose official sponsor is Tinkoff Bank.

From the time of its creation until 2020, the team director is former Danish cyclist Bjarne Riis. Since 2020, Oleg Tinkov has become its owner through the management company. The name changed several times, but the word Tinkoff was always present in it. Under the leadership of the businessman, the team became Russian and competed for our country along with the aforementioned Katyusha. But it is worth noting that there were few Russian cyclists in it.

In 2020, Tinkov decided to dissolve and sell his brainchild, explaining that the business did not come out of cycling. Over the years of its existence, Tinkov’s team never won the Tour de France, but they received both the best sprinter’s jersey and the mountain king’s jersey, which no team has achieved in the last 20 years.

Personal life and family

Oleg Tinkov spent more than 20 years in a civil marriage with Rina Vosman, a native of Estonia. Their couple formed at the university, and the wedding took place only 20 years later, in 2009.

Rina Vosman and Oleg Tinkov

There is an interesting quote from a billionaire: he believes that a wife should not be spoiled with gifts, since giving everything she wants means corrupting her.

The first child, the eldest daughter Daria, is educated at Oxford. The younger sons are Pavel and Roman, both brothers study in Moscow.

Oleg Tinkov with children

In the context of his personal life, one can often find speculation on the topic that Oleg is gay, and there are no direct comments on this topic in the interview. However, the facts speak for themselves: he lives with his wife, they have several children in their marriage, Oleg is a decent husband, and no sex scandals have been uncovered in all the years of Tinkov’s life as a public figure, so such rumors about orientation can be attributed to a specific attitude to the always well-groomed appearance in Oleg’s photo.

Childhood and youth

On December 25, 1967, Oleg Yuryevich Tinkov was born into a working family. His father worked in a mine, and his mother was a seamstress. The family lived in the Kemerovo region, in the small village of Polysayevo.

To go to school, the child had to travel to the regional center. At the age of 12, the boy developed a passion for cycling. Oleg Tinkov’s mother, Valentina Vladimirovna Tinkova, tried in every possible way to support her son. He won prizes in competitions many times, and already in 1984 he became a candidate for master of sports.

Already at that time, Tinkov showed a commercial streak. During training trips to Central Asia, he obtained scarce goods, and then resold them at home, risking going to prison for profiteering.

Thanks to this idea, I was able to gain my first entrepreneurial experience and also decide on my future activities.

In an interview, Oleg said that his first official place of work was. After that, he worked at the mine for some time.

The future owner of the bank received his higher education at the Mining Institute. This was largely influenced by the fact that Tinkov was the son of a miner. It was during his student years that he began to show talent for business. Oleg was mainly engaged in trading the following goods:

1. Household and office equipment.
2. Cosmetics.
3. Vodka.
4. Gas pistols and accessories.
5. Perfumery.
6. Electronics.
7. Black caviar.

He established trade with Poland, Siberia and St. Petersburg, so already in his youth he was able to create start-up capital for himself.

Also during this period, Oleg met his future wife Rina Vosman. She also tried to take part in the trade.

Tinkov worked with partners:

1. Oleg Zherebtsov.
2. Oleg Leonov.
3. Andrey Rogachev.
4. Sergei Matvienko.

The founder of a successful business never graduated from the mining university. He later went to study in California, where he completed a six-month program in marketing.

Sports career

The biography and personal life of Oleg Tinkov is also closely connected with cycling. Despite being involved in business, he never gave up his childhood hobby. Thus, over the years he owned three teams with which he personally participated in world competitions:

• 2006 - Tinkoff Restaurants, which at the time of its appearance was the only one in Russia;
• 2007-2013 — Tinkoff Credit Systems, thanks to investments from Gazprom and Russian Technologies, which became the basis for the professional road team “Katyusha”;
• 2013-2016 - Tinkoff, which has repeatedly won world tournaments.

Since 2020, Oleg Tinkov has disbanded the team. He considered that investments of 20 million euros per year did not pay for the effectiveness of cycling as business advertising. But the businessman did not stop actively playing sports until recently.

Tinkov's condition

Studying and working in new business sectors allows Oleg Tinkov to constantly increase his capital, as well as move up in the ranking of the “Golden Hundred” of Russia. Now most of his funds are concentrated in Tinkoff Bank. The billionaire owns more than 53% of the shares.

If you consider the dynamics of changes in the amount of money of a businessman over the past five years, which was published by Forbes magazine, you can understand which enterprise was more successful. Changes in Oleg Tinkov's fortune from 2013 to 2020:

1. 2013 - $0.73 billion.
2. 2014 - $1.398 billion
3. 2015 - $0.52 billion.
4. 2016 - $0.5 billion.
5. 2017 - $1.25 billion.

In 2020, the successful entrepreneur again increased his wealth, which at the end of the year amounted to $2.2 billion. Now he is in 43rd place among the richest people in Russia.

It should be borne in mind that it is almost impossible to judge his real state based on his assets, since the businessman owns two mansions in the Alps. He also recently purchased villas in Italy and Astrakhan.

For transport, Oleg uses a personal plane, which has the Tinkoff Bank logo on it.

Irina – Rina, a girl from Estonia

While studying at the institute, Oleg Yuryevich, like all young guys, vigorously celebrated in the evenings and nights. At one of the discos, he met a girl who introduced herself to him as Irina. The guy was looking for fleeting romances, but the girl, apparently, did not pursue the same interests and quickly ran away.

Oleg Tinkov and family.

The next day, passing by the mathematics department, he saw her again. The girl did not respond to “Ira”, answering that he was mistaken and her name was Rina. However, the conversation did not begin, and Olezhka urgently retreated. The next time he met this girl 2 months later, in a store near the student dormitory, he decided to hit on her again.

This time Rina turned out to be supportive and even gave her room number. And that same evening, Tinkov, armed with a bottle of wine and the support of a friend, decided to visit Rina and her friends for a “light”. This is how I met my future wife. The girl turned out to be a student from Estonia. Just like Tinkov, she was from a simple mining family, but full of ambitious plans.

Then the life of the young couple did not play with colors; they still lived in a hostel and ate only potatoes. Oleg Yuryevich admits that since then he has not been able to look at this root vegetable. It was Rina who helped Tinkov begin to resell equipment purchased during the USSR in Poland. It was easier for her to travel to the countries of Eastern Europe.

Rina spent the entire summer holidays in Warsaw, where she sold saws, which Oleg bought for 200 rubles in Siberia. In Poland they sold for $200, and a couple made a decent profit for a Soviet man on this scheme.

Interesting! Rina played an important role in Tinkov’s development as a businessman and successful entrepreneur. She was a true fighting friend who you could rely on.

A long separation lay ahead of them. Tinkov flew to the States, but Rina still could not get a visa. Later, the fruit of their meeting after a long separation was their daughter Daria, who was born on December 31, 1993. Rina gave birth to Oleg two more sons, Roman and Pavel. But the couple got married only in 2009. The photo shows their wedding and the whole happy family.

Oleg Tinkov and Rina Vosman.

Beer and restaurants Tinkoff

In 1997, Tinkov decided to create his own beer brand. For a long time he could not find investors to build the plant. At the Munich exhibition, the equipment manufacturer advised him to start with small private breweries and restaurants. And Tinkov’s next project turned out to be a winner.

More than 10 restaurants were opened throughout the country, and two breweries were built, which, after the success of private breweries, finally found investors. For about 8 years they brought huge profits. And at the “peak” he decided to exit the business by selling it.

His business sense once again did not let him down. Some time after the sale, restaurants went bankrupt and bottled beer disappeared from store shelves.

Problems with Tinkoff Bank

The majority of Russians know Oleg Tinkov as the owner of one of the largest banks, Tinkoff, which was created in 2006. Now this financial organization is in the top 20 in terms of fixed capital and top 30 in terms of assets.

Note!

After it became known that the founder of Tinkoff Bank had been charged, the shares of the credit institution began to plummet.

On the London Stock Exchange, securities of TCS Group Holding PLC, the parent company, fell in price by 11.4%. The cost of one share dropped to $20.9, although the day before it cost $23.6.