Andrey Melnichenko & family

Net worth over time

Biography

• Andrey Melnichenko is the founder of fertilizer producer Eurochem and coal energy company SUEK.
• The son of a Soviet physicist, Melnichenko dropped out of college when the Soviet Union fell in 1991 to start a chain of currency exchange booths.
• Two years later, he founded MDM Bank, which became one of Russia's most successful private banks.
• Melnichenko's companies, which employ more than 100,000, have invested some $23 billion into fertilizer and coal production over the past 15 years.
• Melnichenko was sanctioned by the EU and UK in March 2022, and by the US in August 2022; he called the sanctions "absurd and nonsensical" and is disputing them.
• In 2022 Melnichenko's wife, Alexandra, became the beneficiary of a trust that holds stakes in Eurochem and SUEK.
• His yacht SY A, the world's largest sail-assisted yacht, has been frozen by Italian authorities.
• Melnichenko has a collection of Impressionist art, including pieces by Claude Monet.

Financial assets