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.
Early life and education
Jordan was born in
Sea Cliff, New York
Sea Cliff is a village located within the Town of Oyster Bay in Nassau County, on Long Island, in New York, United States. As of the 2010 United States census, the village population was 4,995.
Geography
According to the United States Census B ...
(on
Long Island) to Russian emigrant parents.
[Kranz, Patricia (22 May 1995)]
Boris Jordan: The man who made Moscow's Market
''Businessweek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York Cit ...
'
Archived
His father, Aleksey Borisovich Jordan , had lived in Yugoslavia and was a graduate of the "Cadet Corps" in 1941. His mother, Maria Alexandrovna Jordan (
née
A birth name is the name of a person given upon birth. The term may be applied to the surname, the given name, or the entire name. Where births are required to be officially registered, the entire name entered onto a birth certificate or birth ...
Shishkova), whose father was Alexander Tikhonovich Shishkov, graduated from
New York University
New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then- Secretary of the Treasury Albert Gallatin.
In 1832, ...
.
[Хлестаков из нью-йоркского пригорода]
/ref> According to Boris Jordan, his grandfather was the Russian Minister of Provisions under Pyotr Stolypin
Pyotr Arkadyevich Stolypin ( rus, Пётр Арка́дьевич Столы́пин, p=pʲɵtr ɐrˈkadʲjɪvʲɪtɕ stɐˈlɨpʲɪn; – ) was a Russian politician and statesman. He served as the third Prime Minister of Russia, prime ministe ...
before the Russian Revolution. Jordan is a grand nephew of Czar
Tsar ( or ), also spelled ''czar'', ''tzar'', or ''csar'', is a title used by East and South Slavic monarchs. The term is derived from the Latin word ''caesar'', which was intended to mean "emperor" in the European medieval sense of the ter ...
Nicholas II
Nicholas II or Nikolai II Alexandrovich Romanov; spelled in pre-revolutionary script. ( 186817 July 1918), known in the Russian Orthodox Church as Saint Nicholas the Passion-Bearer,. was the last Emperor of Russia, King of Congress Polan ...
's physician Eugene Botkin.[Йордан Борис Алексеевич ("Панорама")]
accessed 28 November 2021.
Jordan earned a bachelor's degree in Russian–American Economic Relations from New York University
New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then- Secretary of the Treasury Albert Gallatin.
In 1832, ...
.
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.[Television and Presidential Power in Putin's Russia, pg. 67. Tina Burrett. 2011: Routledge, New York]
accessed 28 November 2021.
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
Credit Suisse First Boston (also known as CSFB and CS First Boston) is the investment banking affiliate of Credit Suisse headquartered in New York.
The company was created by the merger of First Boston Corporation and Credit Suisse Group in 198 ...
bank, which was part of the Mellon empire. At the same time, he was Managing Director of the Moscow office of CS First Boston
Credit Suisse First Boston (also known as CSFB and CS First Boston) is the investment banking affiliate of Credit Suisse headquartered in New York.
The company was created by the merger of First Boston Corporation and Credit Suisse Group in 198 ...
. Under his tenure, CS First Boston became a leading investment bank in Russia, engaged in privatization, corporate finance and securities trading.[ He created the Russian Direct Investment Fund.
Jordan was a co-founder of Renaissance Capital investment group (founded in 1995), along with New Zealander Stephen Jennings.]
On 25 November 1998, billionaire Vladimir Potanin
Vladimir Olegovich Potanin (russian: Владимир Олегович Потанин; born 3 January 1961) is a Russian billionaire businessman. He acquired his wealth notably through the controversial loans-for-shares program in Russia in ...
recommended Jordan to be Chairman of Sidanko Sidanko (Сиданко; russian: Сибирско-Дальневосточная нефтяная компания, , Siberian-Far Eastern Oil Company) was a Russian oil company, the 8th largest company in the country by revenue in 1995. Sidanko ow ...
which Jordan held until February 1999 when he stepped down.[
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. 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.
In 2001-2003, he was the CEO of the Russian TV channel NTV and also CEO of Gazprom Media, a subsidiary media holding of ]Gazprom
PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the largest ...
.
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.[
He is chairman Curaleaf, an American ]cannabis
''Cannabis'' () is a genus of flowering plants in the family Cannabaceae. The number of species within the genus is disputed. Three species may be recognized: '' Cannabis sativa'', '' C. indica'', and '' C. ruderalis''. Alternativel ...
company.[ Will Yakowicz, Forbes, 2022][ Chris Roberts, The Guardian, 2022 ]
Personal life
Boris Jordan and family
Jordan is fluent in English and Russian. In 2011, Jordan, an NYU alumni, established the Jordan Center for the Advanced Study of Russia at NYU. He purchased a penthouse in South Beach, Miami in 2014 for $20 million. He sold it in May 2018 to Cliff Asness
Clifford Scott Asness (; born October 17, 1966) is an American hedge fund manager and the co-founder of AQR Capital Management.
Early life and early education
Asness was born to a Jewish family, in Queens, New York, the son of Carol, who ran ...
, for a record $26 million.[''Barron's''](_blank)
accessed 12 November 2019.
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
Boston University (BU) is a private research university in Boston, Massachusetts. The university is nonsectarian, but has a historical affiliation with the United Methodist Church. It was founded in 1839 by Methodists with its original c ...
with a bachelor's degree majoring in political science and embarked upon a career in finance.
At Deutsche Bank, he was Alfred Koch's banker when Koch was with Gazprom-Media
Gazprom-Media (russian: ОАО Газпром-Медиа) is the largest Russian media holding. Gazprom-Media was established in January 1998 as a subsidiary of the 1997 established Gazprom Media Holdings. On its founding in 1997, Gazprom Media ...
. Nichols Jordan supported his brother during the privatization of Russia. After he co-headed Russian investment at Deutsche Bank
Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...
spearheading the financial backing of the Kremlin
The Kremlin ( rus, Московский Кремль, r=Moskovskiy Kreml', p=ˈmɐˈskofskʲɪj krʲemlʲ, t=Moscow Kremlin) is a fortified complex in the center of Moscow founded by the Rurik dynasty. It is the best known of the kremlins (Ru ...
's aims for financing the Gazprom
PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the largest ...
expansion into petroleum, he went to Lehman to re enter the Russian markets in March 2007. He received nearly $7 million to re establish the Lehman Brothers Holdings' Moscow office in 2007 as head of its Russia operations.
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
Oleg Viktorovich Boyko (russian: Олег Викторович Бойко; born 28 September 1964) is a Russian entrepreneur, an international investor and Chairman of Finstar Financial Group, a diversified private equity firm founded in 1996. He ...
's Finstar as CEO. From March until October 2018, he was at Big Un Limited.
In January 2019, he joined the boards of Oleg Deripaska
Oleg Vladimirovich Deripaska (russian: Олег Владимирович Дерипаска; born 2 January 1968) is a Russian billionaire and an industrialist. Deripaska enriched himself on previously state-owned assets that were privatized in ...
's En+ Group and his Rusal
United Company RUSAL, international public joint-stock company (russian: МКПАО «ОК РУСАЛ», MKPAO «ОК RUSAL») is the world's second largest aluminium company by primary production output (as of 2016). It was the largest until ov ...
.
See also
* NTV Russia
* Renaissance Capital
Notes
References
General references
*
*
*
External links
Profile: Boris Jordan
CNN, April 10, 2001.
Commanding Heights: an interview with Boris Jordan
PBS
The Public Broadcasting Service (PBS) is an American public broadcaster and non-commercial, free-to-air television network based in Arlington, Virginia. PBS is a publicly funded nonprofit organization and the most prominent provider of ed ...
, October 3, 2000.
Jordan: a statist with a US passport
BBC #REDIRECT BBC
Here i going to introduce about the best teacher of my life b BALAJI sir. He is the precious gift that I got befor 2yrs . How has helped and thought all the concept and made my success in the 10th board exam. ...
Russia, April 5, 2001 (in Russian).
An interview with B. Jordan
by Elena Lankina, 2002 (in Russian).
The Sputnik Group: Selected Press
by Vladimir Pribylovsky (in Russian).
{{DEFAULTSORT:Jordan, Boris
Russian media executives
American chief executives of financial services companies
American people of Russian descent
New York University alumni
Living people
1966 births
American billionaires
Russian billionaires
Russian businesspeople in the United States
People from Sea Cliff, New York