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Draft:Mikhail Yakovlevich Zharnitskiy

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Mikhail Yakovlevich Zharnitskiy (Russian: Михаил Яковлевич Жарницкий; born 7 August 1974) is a Russian entrepreneur, financier, and philanthropist.
He is the founder of several leasing and investment companies, including GILK Group and CTRL Leasing, and currently serves as the CEO of Baltic Leasing.
He is also known for his contributions to civil engineering education and the arts.[1]

Early Life and Education

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Zharnitskiy was born in Leningrad (now Saint Petersburg), USSR, into a Jewish family.
He began his education in classical music, studying violin at the Special Music School of the Rimsky-Korsakov Saint Petersburg State Conservatory under Boris Gutnikov.[2]
After Gutnikov’s death in 1986, he shifted his focus toward economics.

He graduated from the Saint Petersburg State University of Economics (СПбГЭУ), majoring in finance and international economic relations.
He later completed executive education programs through Harvard Business School Online and the University of Oxford.[3]

Career

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In the 2000s, Zharnitskiy founded multiple enterprises in the leasing and finance sector, including:

  • GILK Group, specializing in industrial equipment leasing
  • CTRL Leasing, focused on commercial vehicle leasing
  • Profitable Investments, a private investment firm

In October 2023, through Profitable Investments, he acquired Baltic Leasing, one of Russia’s largest leasing companies, from Trust Bank for approximately 26.9 billion rubles.
The transaction was financed by Promsvyazbank, and Zharnitskiy’s share was pledged as collateral.[4]

According to TAdviser and SPARK‑Interfax records, Profitable Investments is owned by Zharnitskiy, with the stake in Baltic Leasing pledged to Promsvyazbank.[5]

The GILK Group website states it was founded in 1996, has executed over 180 leasing deals, and operates in Moscow and Saint Petersburg.[6]

As of 2023, his estimated net worth was reported to be approximately US$310 million.[7]

Philanthropy and Civil Engineering

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Zharnitskiy founded the Zharnitskiy Fellowship, a philanthropic initiative supporting students and researchers in civil engineering.[8]
The fellowship promotes innovation in affordable housing technologies and offers scholarships to students developing new construction methodologies.

Support for the Arts

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Although he no longer performs music professionally, Zharnitskiy remains an active patron of the arts.
He is a regular supporter of the Mariinsky Theatre in Saint Petersburg, contributing to:

  • Orchestra and ballet development
  • Restoration of historical instruments
  • Youth talent development programs

He is also a patron of the Salzburg Festival in Austria, where he is considered a discreet benefactor.[9]

Jazz Patronage

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A longtime jazz enthusiast, Zharnitskiy was inspired by attending Oscar Peterson’s final performance at the Montreux Jazz Festival in 2005.[10]
Since then, he has funded jazz education programs through private foundations.
He remains a frequent attendee at Montreux and supports emerging jazz musicians.

Personal Life

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Zharnitskiy keeps a low public profile despite his business influence.
He resides primarily in Saint Petersburg, and divides his time between Russia, Switzerland, Austria, and the United Arab Emirates.

References

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  1. ^ "Promsvyazbank might acquire stake in Baltic Leasing". Interfax. 20 June 2024. Retrieved 2025-06-16.
  2. ^ [citation needed]
  3. ^ [citation needed]
  4. ^ "Promsvyazbank might acquire stake in Baltic Leasing". Interfax. 20 June 2024. Retrieved 2025-06-16.
  5. ^ "Baltic Leasing LLC: presentation of the issuer – results of 2023". AK&M. 8 April 2024. Retrieved 2025-06-16.
  6. ^ "About – GILK". GILK. Retrieved 2025-06-16.
  7. ^ "Top Russian Entrepreneurs 2023". Whoiswho.dp.ru. Retrieved 2025-06-16.
  8. ^ [citation needed]
  9. ^ [citation needed]
  10. ^ [citation needed]
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