Gavril Yushvaev

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Gavril A. Yushvaev (Russian: Гаврил Юшваев; born 1957) is a billionaire Russian oligarch and businessman.

Career[edit]

In 1980, Yushvaev was convicted of an unspecified violent crime and spent nine years in a Soviet prison camp, a fact revealed in a prospectus issued during Yushvaev's subsequent business career.[1][2]

Yushvaev became wealthy in the 1990s as the co-founder of the car dealership Trinity and as the founder of a dance club (Metelitsa) and casino in Moscow.[1] Yushvaev then invested in Wimm-Bill-Dann, a dairy and juice company.[1] The company was founded in 1995[3] and had its initial public offering in 2002.[1] Yushvaev was the company's largest shareholder.[2] In 2010, Yushvaev sold his 19.6% stake in the company to Pepsico for $1.1 billion.[1] In 2013, Yushvaev and Zelimkhan Mutsoev purchased a 38% stake in Polyus Gold from Mikhail Prokhorov for $3.6 billion.[1][4] He sold his stake in Polyus Gold in 2015. Yushvaev and Vladislav Doronin also invested $300 million in a large real estate project in Moscow.[1]

According to Forbes, Yushvaev's net worth in 2017 was about $1.17 billion.[1]

Like other Russian oligarchs, Yushvaev has a holding company in Cyprus.[5]

References[edit]

  1. ^ a b c d e f g h Profile: Gavril Yushvaev, Forbes (last accessed November 19, 2017).
  2. ^ a b Steven Davidoff Solomon, Deals Abroad (or Outside Delaware), New York Times (December 3, 2010).
  3. ^ Marshall I. Goldman, The Piratization of Russia: Russian Reform Goes Awry (Routledge, 2003), p. 217.
  4. ^ Karlee Weinmann, Billionaire Pair Pays $3.6B For Tycoon's Polyus Gold Stake, Law360 (February 22, 2013).
  5. ^ Juliet Samuel, City Diary: oligarchs cut storm damage, The Times (March 29, 2013).