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Andrey Melnichenko
Born	Andrey Igorevich Melnichenko (1972-03-08) March 8, 1972 (age 41) Gomel, Belarus
Residence	Moscow, Russia
Nationality	Russian
Alma mater	Plekhanov Russian Economic University
Net worth	$US14.4 billion (March 2013)[1]
Spouse(s)	Aleksandra Melnichenko

Andrey Igorevich Melnichenko (Russian: Андрей Игоревич Мельниченко, Belarusian: Андрэй Мельнічэнка, born on March 8, 1972 in Gomel, Belarus) is a Russian businessman and billionaire.

With a personal wealth of $US14.4bn, in 2013 he ranked 56st in the Forbes World’s billionaires list (in Russia - #6).

Career [edit]

Graduated from Boarding School of the Specialized Education and Research Centre under the auspices of the Lomonosov Moscow State University formerly called the Boarding School at Kolmogorov Physics-and-Mathematics School #18. [1]

Upon graduation was admitted into the School of Physics at Moscow State University, later transferred to and graduated from the Plekhanov Russian University of Economics.^[2]

1993: co-founded the MDM Bank which grew to become one of Russia’s largest private banks within ten years;

1993 - 1997 chaired the Management Board of MDM Bank, and during 2001 to 2005 chaired the Board of Directors.^[3]

1997: graduated from the Plekhanov Russian University of Economics as Finance and Credit major;
- bought out MDM Bank shares from his partners and became the sole shareholder of the Bank;
2000-2001: co-founded the MDM Group comprising industrial assets including Siberian Coal Energy Company (“SUEK”) and Mineral and Chemical Company “EuroChem”;
- became one of the founders of Pipe and Metallurgic Company TMK, Russia’s largest manufacturer and exporter of steel pipes. In 2004, sold his share ^[3] in the transaction related to public placement of the company’s stock.^[4] with the London Stock Exchange;^[3]
2001—2004: MDM Group President;
2004-2007: Phased sale of all personally owned shares of MDM Bank to his MDM Group partner Sergei Popov, focuses on development of industrial/mining assets.^[3]

In 2007, Melnichenko acquired a stake of about 7% in the German competitor K+S, a potash and fertilizer producer based in the German town of Kassel. In 2008, Melnichenko increased his stake in K+S to about 15%. ^[5]

Dmitry Medvedev and Andrey Melnichenko

2011 - Creation of SGC on the basis of electricity assets of SUEK.
2013 – Andrey Melnichenko becomes the primary shareholder of SUEK and SGC after he has bought his ex-partner shares.
Andrey Melnichenko was non-concurrently elected to the Board of RAO UES of Russia and TMK.
Since 2007, Andrey Melnichenko has been part of the Bureau of the Board of Directors of the Russian Union of Industrialists and Entrepreneurs (RSPP)[2]

Melnichenko Business [edit]

A noted member of the international elite 'under 40' Billionaire's club, Forbes Magazine reported Melnichenko lost 80% of his personal fortune in 2009 as the value of his interests plummeted to $US1 billion.^[6] However, a year later the magazine estimated Melnichenko's fortune at $US4.4 billion in 2010, indicating the value of Melnichenko overall worldwide holdings has substantially recovered.
In 2013 ranks 56st in the Forbes World’s billionaires list (#6 in Russia).^[7]
Andrey Melnichenko's assets include:
Open Joint-Stock Company “EuroChem” (OAO EuroChem: Russia's largest and one of the top world producers of mineral fertilizers. IFRS earnings in 2012: RUR166,5bn.
Open Joint Stock "Siberian Coal Energy Company" (suek.ru OAO SUEK: the largest in Russia and one of the major coal-producing companies globally. IFRS earnings in 2012: RUR175,2bn.
OOO “Siberian Generating Company” (OOO SGC): the leading electric power generating company in Siberia. Earnings in 2011: RUR52bn.
By March 1, 2013, the beneficiary's share of Andrei Melnichenko in Eurochem is 92.2%,^[8] in SUEK 91.2%,^[9] in OOO Siberian Generating Company – 86.2%.
Andrey Melnichenko chairs Boards of Directors of OAO EuroChem, OAO SUEK and OOO SGC.

Personal life [edit]

Melnichenko's wife, Aleksandra, is a former Serbian model and pop singer.^[10]

He owns the Motor Yacht A, which was launched in the Summer of 2008 following a four year build.^[11] The yacht was designed by Philippe Starck and Martin Francis^[12] and built at the Blohm + Voss shipbuilding yard near Hamburg, Germany.^[13]

Environmental Issues [edit]

In 2011 a newspaper in Finland revealed that a plant in Kingisepp, Russia belonging to EuroChem, releases more phosphorus into the Baltic Sea than any country aside from Poland [3]. To resolve this misunderstanding a joint project was launched with web site Eurochem.fi [4]. containing regular surveys conducted by both Russian and Finnish environmental authorities. EuroChem began the purification of water before releasing it to nature [5]. Russia, Finland and HELCOM started a joint program to protect the Baltic Sea tv100.ru%2fnews%2fest-li-fosfor-v-reke-luge-51372%2f. The problem was solved in June 2012 after EuroChem completely eliminated phosphorus pollution in the Baltic Sea. [6]

See also [edit]

• List of Russian billionaires

References [edit]

External links [edit]

OAO "TMK" http://www.tmk-group.com/

Eurochem http://www.eurochem.ru/

SUEK http://www.suek.ru/

SGC http://www.sibgenco.ru/

MDM Bank http://www.mdmbank.com/

Alexandra Melnichenko: http://www.aleksandramelnichenko.com