Andrey Melnichenko

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Andrey Melnichenko
Melnichenko Andrey.jpg
Born Andrey Igorevich Melnichenko
(1972-03-08) 8 March 1972 (age 43)
Gomel, Belarus
Residence Moscow, Russia
Nationality Russian
Alma mater Plekhanov Russian Economic University
Net worth DecreaseUS$9.2 billion (April 2015)[1]
Spouse(s) Aleksandra Melnichenko

Andrey Igorevich Melnichenko (Russian: Андрей Игоревич Мельниченко, Belarusian: Андрэй Мельнічэнка, born 8 March 1972 in Gomel, Belarus) is a Russian businessman and billionaire.

With an estimated personal wealth of $9.2 billion, in 2015 he ranked 97th in the Forbes World’s billionaires list (9th in Russia).[2]


Andrey Melnichenko graduated from Boarding School of the Specialized Education and Research Centre under the auspices of the Lomonosov Moscow State University, formerly known as the Boarding School at Kolmogorov Physics-and-Mathematics School #18.

Upon graduation, Andrey Melnichenko was admitted in the School of Physics at Moscow State University, later transferred to and graduated from the Plekhanov Russian University of Economics.[3]

In 1993, Andrey Melnichenko co-founded the MDM Bank which grew to become one of Russia’s largest private banks within ten years.[citation needed]

From 1993 to 1997, Andrey Melnichenko chaired the management board of MDM Bank.

In 1997, Andrey Melnichenko graduated from the Plekhanov Russian University of Economics as Finance and Credit major. He then bought out MDM Bank shares from his partners and became the sole shareholder of the Bank.

Between 2000 and 2001, Andrey Melnichenko co-founded the MDM Group comprising industrial assets including Siberian Coal Energy Company ("SUEK") and Mineral and Chemical Company "EuroChem".

From 2001 to 2005, he chaired MDM Bank's board of directors.[4]

Andrey Melnichenko also became one of the founders of Pipe and Metallurgic Company, Russia’s largest manufacturer and exporter of steel pipes.

In 2004, he sold his share in the transaction related to public placement of the company’s stock[5] with the London Stock Exchange;[4][4]

From 2001 to 2004, he was the president of the MDM Group.

From 2004 to 2007:, Andrey Melnichenko phased sale of all personally owned shares of MDM Bank to his MDM Group partner Sergei Popov, and focused on the development of industrial/mining assets.[4]

Since 2007, Andrey Melnichenko has been part of the Bureau of the Board of Directors of the Russian Union of Industrialists and Entrepreneurs (RSPP).

In 2011, he created the SGC on the basis of electricity assets of SUEK.

In 2013, Andrey Melnichenko became the primary shareholder of SUEK and SGC after he has bought his ex-partner shares. Andrey Melnichenko was non-concurrently elected to the Board of RAO UES of Russia and TMK.


Dmitry Medvedev and Andrey Melnichenko

In 2014 he ranks 97th in the Forbes World’s Billionaires list (#9 in Russia).[2]

Andrey Melnichenko's assets include:

  • Open Joint-Stock Company EuroChem: Russia's largest and one of the top world producers of mineral fertilizers. Andrey Melnichenko holds 92.2% of the company's shares.[6]
  • Open Joint Stock Siberian Coal Energy Company: the largest in Russia and one of the major coal-producing companies globally. Andrey Melnichenko holds 92.2% of the company's shares.[7]
  • OOO Siberian Generating Company: the leading electric power generating company in Siberia. Andrey Melnichenko holds 92.2% of the company's shares.

Andrey Melnichenko chairs Boards of Directors of EuroChem, OAO SUEK and OOO SGC.

Personal life[edit]

The Motor Yacht A designed by Philip Starck

Melnichenko's wife, Aleksandra Melnichenko, is a former Serbian model and pop singer.[8] They were married in the South of France in 2005.[9]

Andrey Melnichenko owns the Motor Yacht A, which was launched in the Summer of 2008 following a four year build. The yacht was designed by Philippe Starck and Martin Francis[10] and built at the Blohm + Voss shipbuilding yard near Hamburg, Germany.[11] Melnichenko also owns a Boeing 737 BBJ (registered M-YBBJ).[12]

Melnichenko has also taken legal action over the height of a sculpture he purchased for £423,000 claiming it was half the size he and his wife Aleksandra expected it to be. The sculpture is entitled Sonno Grande (Big Sleep) by Polish artist Igor Mitoraj and should have been over seven foot tall according to the Melnichenkos. The sculpture that was delivered was under four feet in height. Melnichenko sued through the Isle of Man based art company Hamilton Art Ltd, New York art dealer David Benrimon who supplied it. He was sued for £2.6 million in damages for breach of contract and fraud. Benrimon has reached a settlement with the Melnichenkos.[13]

The Melnichenkos also own a villa in Antibes known as Villa Altiar which was also the location for their wedding and features an extension designed by Phillipe Starck.[14] They also own Harewood Estate in Ascot, Surrey in the United Kingdom.[15]

See also[edit]


External links[edit]