Vadim Moshkovich

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Vadim Moshkovich (Russian: Вадим Николаевич Мошкович, born 1967 in Moscow, Russia) is a Russian businessman and philanthropist. His business interests include major investments in agriculture and real estate development. His philanthropic activities focus on promoting high-quality education and development opportunities for gifted children. In 2014, Forbes magazine put his net worth at $1.3bn, 81st place among Russian businesspeople.[1]

Early life and family[edit]

Vadim Moshkovich was born in Moscow in 1967. He attended mathematical school #57 in Moscow, and graduated from the Moscow State Institute of Radio Engineering, Electronics and Automation in 1992. He is married and has three children.[2]

Business career[edit]

Agriculture
Vadim Moshkovich entered the agricultural business in 1995, beginning with sugar imports. From 1997-2003 he began acquiring sugar processing plants, and in 2004 he established Rusagro Group. The company grew to become one of the largest vertically integrated agricultural holdings in Russia, working in four business segments:[3]

  • Agriculture: controls 460,000 hectares in Russia’s Black Earth District, one of the largest banks of farmland in Russia
  • Sugar: controls six sugar plants, with production of 220,000 tons of sugar (H1 2014)
  • Oils and Fats: production of 20,000 tons of margarine, 25,000 tons of mayonnaise (H1 2014)
  • Meat: production of 80,000 tons of pork (H1 2014)

2013 year end revenue was R36bn ($1.1bn), and net profit was R20bn ($600 million).[4] In 2011, Rosagro Plc. (main holding company of the Rusagro Group) conducted an IPO on the London Stock Exchange, raising ~$300 million.[5] Vadim Moshkovich currently holds a 75% stake in the company. The company is expected to benefit from import substitution driven by Moscow’s ban on food imports from states that have imposed economic sanctions on Russia in 2014. Rusagro Group plans to expand its meat business to the Russian Far East, and to enter the markets of Central Asia.[6]

Real Estate Development
Vadim Moshkovich controls Masshtab, one of the largest Russian development companies, focused on New Moscow (Novaya Moskva), an area which was absorbed by the City of Moscow in July 2012.[7] The company has more than 2,580 hectares in New Moscow.[8] Upon entering the real estate sector, Mashtab hired McKinsey & Company to study the world’s most successful cities. These studies resulted in a development plan which, in a break with typical post-Soviet practice, aims to create an urban space that provides not only new residential blocks, but also ample social and transport infrastructure, and to facilitate local job creation in line with global best practice. Moshkovich cited the City of Irvine, California as an example of a well planned new city built on former agricultural land that continues to attract residents and create local jobs.[9] In 2013, Moshkovich donated 307 hectares of land to the City of Moscow to be used for the construction of an administrative and government center in New Moscow.[10]

Political career[edit]

Vadim Moshkovich is a member of the Federation Council (Russia), the Upper Chamber of the Russian Parliament, representing the Belgorod Region of the Russian Federation. He is a member of the Federation Council’s Committee on Economic Policy. His term at the Federation Council ends in October 2015.[11]

Philanthropic activities[edit]

Vadim Moshkovich is currently funding a project to establish a school for gifted children in Kommunarka (in New Moscow). While tuition will be set at $10,000 per year, 50% to 75% of students will receive scholarships from the school. The school will aspire to place graduates at top 30 global universities. The cost of the project is $250 million.[12]

Moshkovich is a donor and a member of the Board of Trustees of the National Research University – Higher School of Economics in Moscow, and of the Belgorod State Research University.[13][14] He is also a donor and a member of the Board of Trustees of the Jewish Museum and Tolerance Center in Moscow.[15]

References[edit]

  1. ^ Forbes Wealth Ranking 2014 http://www.forbes.ru/profile/vadim-moshkovich
  2. ^ Forbes Wealth Ranking 2014 http://www.forbes.ru/profile/vadim-moshkovich
  3. ^ Rusagro official website, accessed October 2014 http://www.rusagrogroup.ru/en/
  4. ^ Vedomosti Sept. 18, 2014, Интервью — Максим Басов, гендиректор группы компаний "Русагро" http://www.vedomosti.ru/library/news/33606401/intervyu-maksim-basov-gendirektor-gruppy-rusagro?full#cut
  5. ^ Rusagro official website, accessed Oct. 2014 http://www.rusagrogroup.ru/en/about-us/#jfmulticontent_c263-1
  6. ^ Vedomosti Sept. 18, 2014, Интервью — Максим Басов, гендиректор группы компаний "Русагро" http://www.vedomosti.ru/library/news/33606401/intervyu-maksim-basov-gendirektor-gruppy-rusagro?full#cut
  7. ^ Gizmag description of New Moscow http://www.gizmag.com/new-moscow/24139/
  8. ^ Vedomosti http://www.vedomosti.ru/newspaper/article/630381/vadim-moshkovich-zaplatit-za-metro
  9. ^ Vedomosti July 16, 2012 Вадим Мошкович: "Я подостыл к зарабатыванию денег" http://www.vedomosti.ru/library/news/2284876/ya_vse_svoi_ambicii_udovletvoril_vadim_moshkovich_chlen
  10. ^ Vedomosti http://www.vedomosti.ru/newspaper/article/630381/vadim-moshkovich-zaplatit-za-metro
  11. ^ Profile on Federation Council official website http://council.gov.ru/structure/person/193/
  12. ^ Vedomosti July 16, 2012 Вадим Мошкович: "Я подостыл к зарабатыванию денег" http://www.vedomosti.ru/library/news/2284876/ya_vse_svoi_ambicii_udovletvoril_vadim_moshkovich_chlen
  13. ^ Higher School of Economics in Moscow official website, accessed Oct. 2014 http://www.hse.ru/info/council/
  14. ^ Belgorod State Research University official website accessed Oct. 2014 http://www.bsu.edu.ru/bsu/structure/detail.php?ID=227766
  15. ^ Jewish Museum official website, accessed Oct. 2014 http://www.jewish-museum.ru/ru/blog/225-sostoyalos-tretie-zasedanie-popechitelskogo-soveta-evreyskogo-muzeya-i-tsentra-tolerantnosti[permanent dead link]

External links[edit]

Rusagro official website http://www.rusagrogroup.ru/en/