Andrey Melnichenko Net Worth
Andrey Melnichenko Net Worth: Andrey Melnichenko is a Russian industrialist with businesses in the fields of coal and fertilisers who has a net worth of $8.9 billion dollars. He currently serves as Chairman of SUEK PLC and Chairman of the Strategy Committee of EuroChem Group AG. Andrey Melnichenko was born March 8, 1972 in Gomel, Belarus. From humble beginnings, Andrey started out with a chain of currency-exchange booths and soon expanded into banking. He eventually launched large empire in pipe exports, energy and fertilizer. In 1993, he co-founded MDM Bank. He sold his stake in MDM Bank in 2007. In 2000, he teamed up with billionaire Sergei Popov, who sold pipes and metals. Together with billionaire Dmitry Pumpyansky, a major pipe manufacturer, they created TMK, Russia's largest pipe exporter. In 2006, Melnichenko and Popov sold TMK to Pumpyansky. They also founded giant mineral fertilizer producer Eurochem and coal producer SUEK. In 2006, the partners split their business empire; Melnichenko kept Eurochem and SUEK. In 2013, Eurochem announced factory construction projects in Louisiana and China. Melnichenko owns a $300-million mega-yacht, resembling a submarine, which he named "A". Melnichenko and his wife own a $12.2 million penthouse in Central Park West New York; the apartment is over two floors with a roof terrace. The Melnichenkos also own a villa in Antibes known as Villa Altiar, also the location for their wedding. The villa features an extension designed by Filippo Cantoia and Phillipe Starck. They own Harewood Estate in Ascot, Surrey in the United Kingdom as well. Once a noted member of the international elite "under 40" billionaire's club, Forbes magazine reported that at one time Melnichenko lost 80% of his personal fortune (2009) when the value of his interests plummeted to $1 billion. In 2010, a year later, the magazine estimated Melnichenko's fortune to have increased to $4.4 billion, indicating the value of Melnichenko overall worldwide holdings had substantially recovered.