Rank #2316
Sergei Katsiev
Net worth $1.8B
Retail, wholesale · Russia
- Born
- Jan 11, 1958
- Age
- 68
- Source
- Retail, wholesale
- Residence
- Moscow
- Citizenship
- Russia
- Marital status
- Married
- Children
- 2
- Education
- Master, Moscow Institute of International Relations
Net worth over time
Biography
- Sergei Katsiev, partner of billionaire Igor Kesaev, made his fortune in tobacco after the fall of the Soviet Union.
- From 1991 to 1993, he worked in the government trade mission to the Netherlands.
- When he returned to Russia, he headed Mercury Tobacco Corporation, an importer of tobacco products owned by Kesaev.
- In 1998 Katsiev founded his own company, Megapolis, which also sold tobacco products.
- In 2006 Katsiev and Kesaev merged their companies. Megapolis is now Russia's largest seller of tobacco products.
- Philip Morris and Japan Tobacco International bought 40% of Megapolis for $1.5 billion in 2013.
- Katsiev is now the owner of Nizhny Karmadon, a mineral water producer sourced from the Caucasus.