Andrey Melnichenko, a millionaire businessman from Russia, was born on March 8, 1972. He is the founder and former beneficiary of the coal company SUEK and the fertiliser manufacturer EuroChem Group, and he served as a non-executive director in both organisations until 9 March 2022.
He started currency trading with two pals after the Soviet Union collapsed while he was a physics student at Moscow State University. He then founded MDM Bank as a bank. Melnichenko developed an interest in the commodities market and started purchasing coal and fertiliser-related assets, including facilities and mines, many of which were in poor condition. He established the coal energy firm SUEK and the fertiliser manufacturer Eurochem.
Andrey Melnichenko Bio/Wiki
|Birth Name||Andrey Melnichenko|
|Nick Name||Andrey Melnichenko|
|Age||51 years (as in 2023)|
|Sun Sign/Zodiac Sign||Pisces|
|Birth Place||Gomel, Byeloru|
|Date of Birth||8 March 1972|
Marital Status, Wife and Children
|Children||Tara Melnichenko and Adrian Melnichenko|
|School||Boarding School of the Specialized Education and Research Centre|
|College/University||Moscow State University and Plekhanov Russian University of Economics|
Height, Weight, and Figure Measurements
|Height (Approx.)||175 cm (as in 2022)|
|Weight (Approx.)||72 kgs (as in 2022)|
Extra Ordinary Features
|Race / Ethnicity||Russian|
|Hair Color||Light Brown|
|Favourite Food||Russian Cuisine|
On March 8, 1972, Andrey Melnichenko was born in Gomel, Belarus. He was born in Belorussia and went to Russia as a young child. At the Boarding School of the Specialised Education and Research Centre, Melnichenko finished his early education.
The centre prepares pupils to get into Russia’s best colleges. He later studied at the School of Physics at Moscow State University but quickly changed to Plekhanov Russian University of Economics, earning a bachelor’s degree in Arts/Science with a focus on Finance Credit in 1997 from the latter institution.
Andrey Melnichenko Education
He attended the Lomonosov Moscow State University’s Advanced Education and Science Centre before enrolling in the faculty of physics there in 1989.
He later changed schools and earned a finance degree from the Plekhanov Russian University of Economics.
Andrey Melnichenko Personal Life
Melnichenko wed Aleksandra Nikoli, a former pop singer and model from Serbia, in the South of France in 2005. They have two youngsters. The 2017 sailing yacht Sailing Yacht A and the 2018 motor yacht A are owned by Melnichenko (2008). Philippe Starck was the designer of both. He received the S/Y A in May 2017 in Monaco.
It was referred to as “the boundary-pushing superyacht” and “a monument to inventiveness” by Boat International. In 2016, Bloomberg stated that Melnichenko, 44, was concentrating on the fertiliser business that had helped him become one of Russia’s youngest billionaires, and that “the sleek boat exhibits the same eye for invention and high-tech detail.”
His sailing yacht A was taken into custody by the Italian police at the port city of Trieste in March 2022 as a result of EU sanctions placed on a number of Russian businesspeople.
Reuters reports that in response, Melnichenko said he “will be fighting these false and unlawful sanctions” that have “no validity” and that he “believes the rule of law and common sense will prevail.” According to reports, Andrey Melnichenko resides in St. Moritz, Switzerland, with his family.
Andrey Melnichenko began his career working at several currency exchange booths in Moscow, but he quickly moved on to banking and finance because that was his area of expertise.
Melnichenko co-founded MDM Bank in 1993, and from that year until 1997, he presided over the management board. He acquired his partners’ shares in 1997, becoming the institution’s sole stakeholder. MDM Bank had grown to be one of Russia’s biggest private sector banks by 2003. Melnichenko served as the board of directors chairman of MDM Bank from 2001 until 2005.
Melnichenko co-founded the MDM Group in 2001 to broaden the firm’s horizons. This group of industrial assets ultimately gave rise to the Siberian Coal Energy Company (SUEK) and the mineral and chemical company EuroChem. He also held the position of president of the MDM Group from 2001 until 2004.
Melnichenko was not only one of the founders of the TMK Pipe and Metallurgic Company but also of the coal and mineral industries. It quickly rose to prominence as Russia’s top steel pipe producer and exporter. Melnichenko sold a portion of the firm shares on the London Stock Exchange later in 2004.
Between 2004 and 2007, Melnichenko gradually sold all of his individual shares of the MDM Bank to his friend and business partner Sergei Popov. Although this decision was first met with criticism, it was eventually made clear that he made it in order to concentrate his efforts on the growth of his industrial and energy holdings, including the fertiliser manufacturer EuroChem, the coal producer SUEK, and the Siberian Generating Company (SGC).
Melnichenko founded the SGK in 2011. He acquired all of his ex-partners’ shares two years later to take over as the main shareholder of SUEK and SGK. From March 2004 to April 2015, he served as the chairman of OJSC SUEK’s board of directors. Melnichenko currently holds the position of Chairman of the Strategy Committee (Non-executive Director) for both SUEK LTD and EuroChem Group AG.
He is the primary gainer from SGK, SUEK, and EuroChem. In addition to his commercial endeavours, Melnichenko has served as a member of the Russian Union of Industrialists and Entrepreneurs (RSPP) Bureau of the Board of Directors since 2007. He also holds the position of Chairman of the Mining Commission.
Melnichenko first attended the Lomonosov Moscow State University’s Advanced Education and Science Centre before transferring to the faculty of physics there. Later, he changed schools and earned a degree in finance from Plekhanov Russian University of Economics.
Melnichenko opened a currency exchange on campus during his time in college to launch his first business enterprise. After earning their first $50,000, he and his two like-minded companions were granted a banking licence by the Bank of Russia. He co-founded the MDM Bank at the age of 21.
As the board’s chairman, he expanded the bank and, in 1997, bought his partners out. The bank has successfully weathered the 1998 Russian financial crisis as a result of its prudent banking practices. The largest Russian corporations became clients of MDM Bank as other rival banks failed.
The bank kept expanding, and Global Finance named it the “Best Russian Bank” in 2004. Together with veteran Ural metals dealer Sergei Popov, he started creating industrial assets around 2000. He then started selling Propov his shares in MDM Bank in order to continue concentrating on his coal and fertiliser industrial businesses.
He holds a sizable stake in the coal miner SUEK as well as the fertiliser company EuroChem. More than 100,000 people are employed by Melnichenko’s businesses, which over the past 15 years have invested $23 billion in the manufacture of coal and fertiliser. During Russia’s invasion of Ukraine in March 2022, Melnichenko received sanctions from the EU and other Russian billionaires.
Andrey Melnichenko Donations
In order to promote social mobility in Russia, the Andrey Melnichenko Foundation assists gifted kids in science and education. In order to promote social mobility in Russia, the Andrey Melnichenko Foundation established a network of educational and scientific institutions.
Selected pupils will get scholarships from the Andrey Melnichenko Foundation to study at higher education institutions as part of a network of educational and scientific institutes for bright youngsters that have been established across Russia. The “Internet Olympiad in Physics and Mathematics” for Russian high school students was organised by the Foundation in February 2018.
The Sirius Centre for Gifted Education welcomed the winners and let them attend classes there. In Russia’s yearly “Leaders in Corporate Philanthropy” report, his firms were noted as having invested more than $500 million in social and humanitarian initiatives. Melnichenko received a special award in 2016 for his “good acts” and charitable endeavours.
At the 2018 “Leaders of Russian Business” awards, JSC SUEK won the Grand Prize for “Contribution to the Social Development of Territories” for yearly carrying out roughly 150 social and philanthropic projects in its operational regions.
Andrey Melnichenko Assets
Melnichenko, a self-made billionaire, has garnered attention for his opulent lifestyle and costly goods. M/Y A and S/Y A are the two boats he owns. Philippe Starck was the designer of both yachts.
Additionally, he owns a Boeing 737-BBJ. He has a sizable villa in Antibes called Villa Altair, which also served as the location for his wedding.
Harewood Estate in Ascot, Berkshire, is another property owned by the Melnichenkos. Melnichenko has a passion for arts and culture, his personal collection of Impressionist paintings adorning his home and yacht being evidence of the same. Some of the pieces in the collection include works by the world-renowned artist Claude Monet.
Andrey Melnichenko Net Worth
One of the country’s youngest billionaires is Melnichenko. According to sources, he has a net worth of $13.2 Billion as of Jan 2023. The SAILING YACHT A and MOTOR YACHT A, are two high-tea sailing yachts owned by Melnichenko.
Philippe Starck was the designer of both of these. Sailing Boat A, the largest sailing yacht in the world, was dubbed a “boundary-pushing superyacht” by Boat International, reflecting the same high-tech innovation of her owner. He also owns the $40 million Harewood Estate in the UK, as well as the Villa Altair in Cap D’Antibes and a $12 million penthouse in New York.
|Estimated Net Worth in 2023 (Approx)||$13.2 Billion|
|Estimated Net Worth in 2022 (Approx)||$23.6 Billion|
|Estimated Net Worth in 2021 (Approx)||$21 Billion|
|Estimated Net Worth in 2020 (Approx)||$18 Billion|
|Annual Salary||$3 Billion|
How much is the net worth of Andrey Melnichenko?
His current net worth (as of 2023) is $13.2 Billion.
Who is Andrey Melnichenko wife?
He is married to Aleksandra Melnichenko.
What is Andrey Melnichenko age?
He is 51 years old as of 2023.
What is the name of the Andrey Melnichenko firm?
He is the founder of SUEK.