Bidzina Ivanishvili (Georgian: ბიძინა
ივანიშვილი, also known as Boris Ivanishvili; born
18 February 1956) is a Georgian businessman and politician who was
Prime Minister of Georgia
Prime Minister of Georgia from 25 October 2012 to 20 November 2013. He
founded and led the
Georgian Dream coalition, which won the 2012
parliamentary election. After the 2013 presidential election, he
voluntarily resigned both his government and party positions, naming
his long-time personal assistant
Irakli Gharibashvili as his
Dual citizen of Russian Federation and Georgia, latter granted by
Saakashvili, In March 2010, Ivanishvili was granted another trio
French citizenship. In October 2011, he was deprived of his Georgian
citizenship "according to Article 32 of the Georgian Law on
Citizenship", shortly after he had announced his intention to form
a political party to challenge Georgian President Mikheil
In March 2012, Ivanishvili was ranked at number 153 in Forbes
magazine's annual list of the world's billionaires with an estimated
worth of $6.4 billion, making him Georgia's richest person, France
ranking is unknown. 
1 Early life
2 Business interests
3 Political career
4 Personal life
6 External links
Bidzina Ivanishvili was born the youngest of five children to a poor
family in the Georgian village of Chorvila. His father worked in a
manganese factory. He graduated from high school in
Sachkhere and went
Tbilisi State University
Tbilisi State University to study engineering and economics. In
1982, he went to Moscow to pursue a Ph.D. in economics at the Moscow
State University of Railway Engineering.
Prior to 1990 while living in Moscow, Ivanishvili met Vitaly Malkin, a
Russian businessman currently into politics, with whom he formed a
partnership selling computers, and later importing what was then a
novelty in Russia, push-button telephones. The source of his great
wealth is metals and banking.
Forbes magazine's description of the
secret of his success could apply to dozens of other oligarchs in
Russia: "He bought firms not needed by anybody for tens of millions of
dollars and sold them for billions of dollars." In 1990 he and Malkin
set up "Rossiysky Kredit", which is up to now Ivanishvili's biggest
holding. Over the years, he sold other businesses accumulated by him
during the privatization era in Russia, investing the proceeds in the
Russian stock market. He has also interests in hotels, including Hotel
Lux, and in a Russian chain of drugstores called "Doctor Stoletov". He
is also redeveloping a former factory in downtown Moscow into a deluxe
housing project, the first blocks of which are to be completed by
In March 2010, he ranked 173 in 2010
Forbes List of Billionaires, with
a reported net worth of 4.8 billion USD. The following year he
ranked 185 in the 2011
Forbes List with a reported net worth of 5.5
billion USD. In March 2012, he ranked 153 in the 2012
with a reported net worth of 6.4 billion USD; with his total net worth
equaling one third of Georgia's Gross Domestic Product.
Ivanishvili in 2013
Ivanishvili's residence in Tbilisi, designed by Shin Takamatsu.
In April 2012, he established the Georgian Dream–Democratic Georgia
party with the intention to challenge the ruling United National
Movement in the parliamentary election scheduled for October 2012.
Georgian Dream coalition is composed of the Republican Party of
Georgia, Our Georgia – Free Democrats, the National Forum, the
Conservative Party of Georgia
Conservative Party of Georgia and the Industry Will Save Georgia
party. The head of the latter party publicly acknowledged in April
2012 that he doesn't share all of Ivanishvili's views on foreign
policy, especially when it comes to joining NATO.
On 11 June 2012, a USD 90.9 million fine was imposed on
Ivanishvili for alleged violation of the Georgian legislation on party
funding. Ivanishvili is also under investigation on charges of
using his companies Burji, Elita Burji, and Global Consulting Group
for political and electoral goals.
Offshore leaks revelations of
ICIJ about global offshore
networks Premier Ivanishvili is mentioned among the most prominent
figures. The documents show, that he has been director of the front
company Bosherston Overseas Corporation in the British Virgin Islands
(2006), a front company which still exists. The premier did not deny
this and his spokesman commented: "For the reporting period of
2011-2012 Prime Minister Ivanishvili had no interest in the company
you have mentioned in your inquiry and therefore there was no
obligation to report it in his declaration. The Prime Minister takes
these reporting requirements seriously and everything is done
according to the law".
Although Ivanishvili officially retired from politics in late 2013, he
continues to have influence on Georgian Dream. According to political
scientist Kornely Kakachia, he is "outside democratic control, outside
institutional checks and balances, yet he is ultimately calling the
shots, which puts Georgia in a vulnerable position both vis-à-vis
democracy and foreign policy."
Bidzina Ivanishvili owns several estates, including a mansion above
Tbilisi which was specially designed for him by Russian architect
Mikhail Khazanov and finished by famous Japanese architect Shin
Takamatsu which is worth an estimated $50 million.
Ivanishvili is also known by the Russian first name Boris, which he
previously used while working in Russia. He was widely reported under
that name in the West. However, he has returned to his Georgian first
name Bidzina in 2011.
Recently Ivanishvili became the subject of some interest in the art
world, following his reported purchases of works by Pablo Picasso
and the contemporary artist
Peter Doig at international auctions.
Ivanishvili bought Niko Pirosmani's, "Arsenal Hill at night", paying a
record $1.5 million for a painting by a Georgian artist. He then
donated the painting to the State Museum of Arts of Georgia.
Bidzina Ivanishvili is married to Eka Khvedelidze. Two of his
three sons have albinism, including Bera, a well-known singer and
rapper in Georgia. "Georgian Dream" is a rap song by Bera and became
an inspiration to his father who named the party he founded in 2012
Georgian Dream (full name Georgian Dream–Democratic Georgia) after
his son's rap song.
^ "Georgia's president admits defeat in elections". RTÉ. 2 October
2012. Retrieved 7 October 2012.
^ "LAW OF THE REPUBLIC OF GEORGIA ON CITIZENSHIP OF GEORGIA" (PDF).
Archived from the original on 18 April 2010. Retrieved
2012-07-10. CS1 maint: BOT: original-url status unknown (link)
Council of Europe unofficial translation
^ Georgia illegally denied Ivanishvili citizenship
^ a b c d March 2011 profile of
Retrieved 11 November 2011
^ a b Wendell Steavenson, "The good oligarch" Prospect Magazine (21
July 2010). Retrieved 11 November 2011
^ "Buryatia Senator Richest in Russian Upper House". RIA Novosti.
Retrieved 7 October 2012.
Forbes List of Billionaires: #173 BIdzina Ivanishvili Forbes
Magazine. Retrieved 11 November 2011
^ David M. Herszenhorn;
New York Times
New York Times (27 October 2013). "Georgia
Elects New President, but Real Power Will Rest With Next Premier".
^ Ivanishvili's Political Party Launched. Civil Georgia. 21 April
2012. Accessed 12 May 2012.
^ "Industrialists Party Joins Ivanishvili-Led Coalition". Civil.
Retrieved 7 October 2012.
^ "Ivanishvili Fined with USD 90.9 Million". Civil. Retrieved 7
^ 06.07.2012. "Announcement of the Financial Monitoring Service".
Control. Retrieved 7 October 2012.
^ Who Uses the Offshore World, 4 April 2013 (retrieved on 8 April
^ Lomsadze, Giorgi (13 November 2014). "Georgia: Political Crisis
Prompts Speculation About Ivanishvili's Political Role".
eurasianet.org. Open Society Institute.
^ Julia Ioffe (16 February 2012). "Bidzina Ivanishvili's Big House".
Forbes. Retrieved 7 October 2012.
^ Peter Dittmar, "Der steinerne Zeuge des stalinistischen Terrors".
Die Welt (30 October 2007). Retrieved 11 November 2011 (in German)
^ Georgia's Prime Minister
Bidzina Ivanishvili and his wife Eka
Khvedelidze Archived 15 September 2014 at the Wayback Machine. Yahoo
official Biography of Prime Minister
Bidzina Ivanishvili (retrieved on
8 April 2013)
Bidzina Ivanishvili on
Bidzina Ivanishvili on Facebook
Bidzina Ivanishvili's channel on YouTube
Prime Minister of Georgia
Heads of Government of Georgia since 1918
DR of Georgia