Portrait of Kirill Minovalov

Rank #2525

Kirill Minovalov

Net worth $1.6B

Agriculture, finance · Russia

Born
Apr 22, 1971
Age
55
Source
Agriculture, finance
Residence
Moscow
Citizenship
Russia
Marital status
Single
Children
2
Education
Master of Science in Engineering, Moscow State University of Railway Engineering

Net worth over time

Biography

  • Kirill Minovalov is the founder of Bank Avangard, which he founded in 1994 with $400,000, a third of which he borrowed.
  • Bank Avangard grew following the 1998 Russian financial crisis; it now holds assets of about $1.5 billion.
  • Minovalov also started and now chairs Avangard-Agro, one of Russia's largest and most efficient agricultural manufacturers.
  • He also owns Avangard Malz, a leading malting company in Germany.
  • Minovalov founded a consulting company when he was a student in university.
  • Avangard-Agro's assets include more than 450,000 hectares of agricultural land in Russia.