Andrey Melnichenko (industrialist)

For the Russian cross country skier, see Andrey Melnichenko (skier).
In this name that follows Eastern Slavic naming customs, the patronymic is Igorevich and the family name is Melnichenko.

Andrey Melnichenko
Андрей Мельниченко
Melnichenko in 2017
Born
Andrey Iharavich Myel′nichenka

(1972-03-08) 8 March 1972 (age 52)
Gomel, Byelorussian SSR, Soviet Union
Citizenship
  • Russia
  • United Arab Emirates (since 2021)[1]
Alma materMoscow State University Plekhanov Russian Economic University
OccupationBusinessman
Spouse
​
​
(m. 2005)​
Children2

Andrey Igorevich Melnichenko (Russian: Андрей Игоревич Мельниченко, romanized: Andrey Igorevich Melnichenko; Belarusian: Андрэй Iгаравiч Мельнічэнка, romanized: Andrey Iharavich Myel′nichenka; born 8 March 1972) is a Russian-Emirati billionaire entrepreneur.[2][3] He is the founder and ex-beneficiary of fertilizer producer EuroChem Group and coal producer SUEK, and was a non-executive director in both companies until 9 March 2022.[4][5][6]

In 2022 Forbes and Bloomberg estimated his net worth at $15.8 billion and $17.4 billion respectively, which makes him one of the richest persons in Russia.[2][3] In the 2023 ranking, for the first time, he took first place among Russian billionaires with a fortune of $25.2 billion (58th place in the world).[7][8]

According to Bloomberg Billionaires Index his net worth is about $21.9 billion as of February 2024.[9]

After the Soviet Union fell, he began trading currency with two friends while a physics student at Moscow State University, and then registered a bank, MDM Bank.[10][11]

Melnichenko took an interest in the commodities market and began buying assets in coal and fertilizers, with the acquisition of plants and mines, many of which were distressed. He founded fertilizer producer Eurochem and coal energy company SUEK.[12][13]

  1. ^ Seddon, Max (1 September 2023). "Lunch with FT: Andrey Melnichenko: It's pointless to talk about good and evil". Financial Times. Retrieved 1 September 2023.
  2. ^ a b "Forbes profile: Andrey Melnichenko (real time)". Forbes. Retrieved 10 March 2022.
  3. ^ a b "Bloomberg Billionaires Index". Bloomberg.com. Retrieved 22 March 2022.
  4. ^ "About the Foundation: Andrey Melnichenko". aimfoundation.info. Archived from the original on 26 February 2018. Retrieved 25 February 2018.
  5. ^ "Andrey Melnichenko resigns from EuroChem Board of Directors and withdraws as main beneficiary - EuroChem Group". www.eurochemgroup.com. 10 March 2022. Retrieved 11 March 2022.[permanent dead link]
  6. ^ "Andrey Melnichenko resigns from SUEK Board of Directors, stands down as main beneficiary". www.suek.com. Retrieved 11 March 2022.
  7. ^ "20 богатейших российских бизнесменов в глобальном рейтинге Forbes". Forbes.ru (in Russian). 4 April 2023.
  8. ^ "Forbes Billionaires 2024". Forbes. Retrieved 27 June 2024.
  9. ^ "Bloomberg Billionaires Index". Bloomberg.
  10. ^ Cite error: The named reference :6 was invoked but never defined (see the help page).
  11. ^ Cite error: The named reference :4 was invoked but never defined (see the help page).
  12. ^ Tognini, Giacomo. "The Forbes Ultimate Guide To Russian Oligarchs". Forbes. Retrieved 9 April 2022.
  13. ^ "Andrey Melnichenko". Forbes. Retrieved 9 April 2022.