Andrey Melnichenko

Andrey Melnichenko Net Worth

Andrey Melnichenko Net Worth: Andrey Melnichenko is a Russian industrialist billionaire who has net worth of $13 billion. Andrey Melnichenko has business interests in many fields, most notably  coal and fertilizers. 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 a large empire in pipe exports, energy and fertilizers. In 1993, he co-founded MDM Bank. He sold his stake in MDM Bank in 2007. In 2000, he teamed up with billionaires Sergei Popov and Dmitry Pumpyansky to create TMK, which would eventually grow into Russia's largest pipe exporter. In 2006, Melnichenko and Popov sold TMK to Pumpyansky. They also founded giant mineral fertilizer producer called 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":Leon Neal/Getty Images Real Estate Assets: 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. In aftermath of the global financial crisis of 2009, Melnichenko lost 80% of his personal fortune. His net worth at one point reached a low of $1 billion, down from a high of $10 billion. Today his fortunes have recovered and then some.