Nikolai Maximov & family was bornon November 15, 1972 in Russia. A native of Ekaterinburg, Nikolai Maximov started a family venture in 1991 that sold wood and furniture and then branched into scrap iron. He invested profits in shares of small metallurgy works in the Urals. Over time he shut down old furnaces and replaced them with electrical ones, planning to build a vast network of metallurgical mini-factories all around Russia. But he borrowed heavily and excess debt forced him to sell company shares to Novolipetsk Steel in 2007. In February 2011 he was detained in Moscow on charges of abuse of power. That case drags on. He invested wisely during the global recession, buying stock in Sberbank when prices were low and later selling for nearly five times as much.
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