Marc Rich + Co
In 1985 he relocated to Geneva and then to Zug, Switzerland, where he worked under Marc Rich.[9] In his twenties, Doronin also worked in Hong Kong trading commodities in the late 80s and early 90s.[10][11]
Capital Group
Doronin founded Capital Group in Moscow in 1991. Initially the firm was engaged in metals and oil trading with Marc Rich. Subsequently the firm which entered the Moscow commercial real estate market with class A offices and retail projects, and later expanded with other premium residential developments. Doronin's equal partners in Capital Group from the early 90s were Pavel Tio and Eduard Berman.[7]
Doronin met his two partners, who at the time lived in the Republic of Uzbekistan, through business when he still worked for Marc Rich and in 1993 they became shareholders in Capital Group. From the moment of Capital Group's inception until 2004 Marc Rich was one of the firm's investors and financed the acquisition of new assets and their development.[12] Capital Group has built up its portfolio to include 71 high-end residential and commercial projects with a total of 7,000,000 m2 of space.[13]
In 2009 Doronin's Capital Group built the City of Capitals mixed-use (office and residential) complex in Moscow City, which consisted of two highrise towers and until 2011 was the highest building in Russia. The complex was designed by Erick van Egeraat.[14]
In 2013 Doronin's Capital Group formed a joint venture with Gavriil Yushvaev, a Russian entrepreneur, for the construction of OKO — a mixed-use (commercial and residential) highrise development in the Moscow International Business Center.[15][16] In 2016, 55,000 m2 of office space in the OKO development was sold to the Government of Moscow.[17][18]
In March 2022 Doronin sued The Real Deal for defamation. The suit was filed after the magazine published articles about pro-Ukrainian protests near one of his hotel in Manhattan. Doronin demanded $20 million in damages and claimed that the articles falsely stated that he was Russian and implied that he supported the Putin regime.[19] In April 2022 Doronin filed a defamation lawsuit Swift Communications, a holding company, which owns The Aspen Times after the newspaper published opinion pieces and a letter to the editor, which implied that Doronin was using his Aspen investment to launder tainted money from Russia. Doronin asked for punitive damages to be imposed on Swift Communications, claiming that The Aspen Times "has chosen to … sensationalize a false narrative that targets Mr. Doronin simply because he was born in what is today Russia".[20]
Until April 2022 he held a 33% stake in Capital Group valued at US$74.5 million.[21] He transferred the ownership in the company to his mother on 14 April, one day after he filed his lawsuit against The Aspen Times.[22] According to Doronin's court filings, he earned his wealth legitimately and is not considered a Russian oligarch, because "oligarchs are not merely wealthy individuals of Russian origin; they are individuals who have amassed their wealth through the exploitation of Russian natural resources, corrupt direction of Russian state-owned enterprises, and close political affiliation with Vladimir Putin." This description, the suit argued, does not fit Doronin.[23][24] During the pendency of the suit, coverage of Doronin was suspended by the publisher. Tension over the matter resulted in firing of the editor, Andrew Travers. The legal action was settled by confidential agreement and dismissed on 27 May 2022.[20]
Aman Resorts
Doronin led a group of investors to buy out luxury hospitality company Aman Resorts in 2014.[25] In doing so, Doronin became involved in an ownership dispute with Omar Amanat and Aman's founder, Adrian Zecha. Amanat had partnered with both Zecha and Doronin to buy Aman, and had been expected to contribute $10 million for a jointly-funded deposit. In early January, Doronin received a financial statement showing the money was from Zecha instead. The partnership then fell apart: in April, Zecha announced his resignation as CEO and chairman ahead of a scheduled end-of-July departure, and Doronin took over as CEO. A week later, Zecha was locked out of his office and was also removed from his Aman-owned home, after which he and Amanat claimed ownership of the company. By July, the dispute had escalated into legal matters, with a London High Court temporarily reinstating Zecha, and Doronin suing Amanat in New York City and alleging fraud.[26][27][28]
OKO Group
Doronin's real estate development company OKO Group announced in March 2016 a luxury residential development of a 649-foot, 57-story tower, Missoni Baia, in collaboration with Italian fashion house Missoni.[47] At 1,160 ft high, OKO Tower in central Moscow is Europe's tallest completed skyscraper as of April 2016.[48]
In 2020 with Doronin as chairman and CEO, OKO Group had partnered with Cain and began construction on a 57-story office tower at 830 Brickell, Miami, the first office skyscraper built there in over a decade.[49] A second partnership between OKO Group and Cain in Miami took place with the development of a 47-story residential tower called Una on the Brickell Waterfront.[50]
Under Doronin, in March 2022 OKO bought nearly one acre of land on Aspen Mountain
Janu
In March 2020, with Doronin as CEO Aman launched the sister brand of Aman, Janu. Janu is aimed to be the inverse of Aman's locations, with an energetic atmosphere. Doronin announced in March 2020 that the Janu brand will launch three hotels that are under construction in Montenegro, Saudi Arabia and Tokyo.[57] The first scheduled launch is aimed to be the Tokyo location in 2023.[58]
Other ventures
Doronin owned the publishing rights in Germany and Russia to Interview magazine, the style magazine founded by Andy Warhol.[59]
In March 2022 the Moscow Arbitration Court ordered OOO Ballini, a real estate management firm founded by Doronin, into bankruptcy procedures.[60][61]