RedCarpetLife
156
In the world today
Andrey Melnichenko & family

Andrey Melnichenko & family

A. family
0.23% | + $40.82M
$17.95 B ₹ 1.63 Lk Cr
Real Time Net Worth #156 Ranking as of 21 Feb 2026 By Forbes

More on Andrey Melnichenko & family

Gender

Male

Age

53Y

Country

Russia

Born On

March, 1972

Deceased

No

Relationship Status

Married

Children

2

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Fertilizers, Coal)

Primary Organization

EuroChem

Titles

Founder

Sources of Wealth

EuroChem, SUEK

Industry

Chemicals, Fertilizers, Mining, Energy

About Andrey Melnichenko & family


A ndrey Melnichenko is a major Russian industrialist who founded two of the country's largest companies: the fertilizer producer EuroChem and the coal energy company SUEK. A physics student during the collapse of the Soviet Union, Melnichenko started his business career by opening a chain of currency exchange booths, which he then built into the successful MDM Bank.

He used the profits from banking to pivot into industry, acquiring and consolidating assets during the post-Soviet era to create his industrial giants. EuroChem has grown into one of the world's leading fertilizer producers, and SUEK is Russia's largest coal producer. Melnichenko is known for his hands-on management style and his focus on investing in modern technology and efficiency. He is also famous for his ownership of two of the world's most spectacular and expensive superyachts, Motor Yacht A and Sailing Yacht A. After being sanctioned by the EU in 2022, he formally withdrew as a beneficiary and stepped down from his board positions at both companies, with ownership reportedly passing to his wife.

Advertisement

Quick Reads


  • Founder of fertilizer giant EuroChem and coal producer SUEK.
  • Started his career by founding MDM Bank in the 1990s.
  • One of Russia's wealthiest self-made oligarchs.
  • Known for owning two futuristic-looking superyachts designed by Philippe Starck.
  • Was sanctioned by the EU and other Western nations in 2022.

Early Life and Background


Born in 1972 in Gomel, Byelorussian SSR, Andrey Melnichenko is an Emirati-Russian billionaire who built his fortune in the essential commodities of coal and fertilizer. The son of a Belarusian father and a Ukrainian mother, both teachers and academics, Melnichenko showed an early aptitude for science, attending the prestigious Advanced Education and Science Centre of the Lomonosov Moscow State University.

In 1989, he enrolled in the Faculty of Physics at Moscow State University. However, his life trajectory was fundamentally altered by the collapse of the Soviet Union in 1991. Recognizing the immense economic shifts, he dropped out of college to pursue entrepreneurship. His first venture was opening a chain of profitable currency exchange booths on his university campus. This immediate, high-risk entry into the financial market provided the seed capital and the ruthless commercial knowledge necessary to found his first major enterprise, a bank, just two years later.

Career Journey of Andrey Melnichenko & family


Andrey Melnichenko's first major success came in 1993 with the founding of MDM Bank, which grew quickly to become one of Russia's most dynamic and successful private banks. This banking success provided the necessary capital and infrastructure for his major strategic pivot in the early 2000s: consolidating Russia's distressed industrial assets in the fertilizer and coal sectors.

He founded and controlled two colossal, vertically integrated companies: EuroChem Group (a leading global fertilizer producer) and SUEK (the Siberian Coal Energy Company, one of the world's largest coal energy companies). Over 15 years, his companies invested some $23 billion in modernizing these operations, turning Soviet-era assets into low-cost, high-efficiency, global commodity giants. In March 2022, following international sanctions, Melnichenko stepped down as non-executive director and his wife, Alexandra Melnichenko, became the beneficiary of the trust that holds the family's controlling stakes, ensuring the generational continuity of their wealth.

Advertisement

Andrey Melnichenko & family's Timeline


1972 (March 8):

Born in Gomel, Byelorussian SSR.

1991:

Drops out of Moscow State University; starts a chain of currency exchange booths.

1993:

Founds MDM Bank.

Early 2000s:

Founds the industrial giants EuroChem (fertilizer) and SUEK (coal).

2017:

Takes delivery of the Sailing Yacht A (SY A), one of the world's largest yachts.

2022 (March):

Steps down as non-executive director; wife Alexandra Melnichenko becomes the trust beneficiary due to international sanctions.

Ongoing:

Disputes international sanctions, continuing his commitment to the core commodity businesses.

Major Business Ventures and Investments


The Melnichenko family fortune is rooted in two vertically integrated, strategically vital Russian commodity giants, managed through trust funds for corporate control.

  • EuroChem Group (Founder & Ex-Beneficiary): One of the world's largest fertilizer producers. The company controls the entire value chain, from mining phosphate rock and potash to producing and distributing final fertilizer products globally.
  • SUEK (Siberian Coal Energy Company) (Founder & Ex-Beneficiary): One of the world's largest coal and energy companies, known for its focus on high-calorific, low-emission coal for global export.
  • MDM Bank (Founder): His first major venture, sold in the 2000s, which provided the crucial capital and financial network to acquire his industrial assets.
  • Luxury Superyachts and Art: He is famous for owning two of the world's largest and most technologically advanced superyachts: Sailing Yacht A (SY A) and Motor Yacht A (MY A). He also owns a significant collection of Impressionist art, including works by Claude Monet.

Advertisement

Philanthropy and Social Impact


Andrey Melnichenko's philanthropy is primarily channeled through his focus on science, education, and art. His commitment to education reflects his own academic background, often supporting programs that foster scientific talent and excellence in Russia.

His companies, EuroChem and SUEK, contribute massively to the global economy by providing essential fertilizers for agriculture and energy for power generation, employing over 100,000 people. The SUEK group, in particular, has invested heavily in modernizing its coal mining operations for safety and environmental compliance, including building systems to capture coal mine methane for power generation under the Kyoto Protocol. While personal giving details are often private, his dedication to the arts, evidenced by his world-class art collection, marks him as a high-level cultural patron.

Fashion, Style, and Lifestyle


Andrey Melnichenko's lifestyle is the definition of ultra-high-end global luxury, characterized by extravagant, cutting-edge private assets. His style is typically high-end, European casual, favoring expensive but comfortable designer wear, often seen in environments like the French Riviera or his residence in the UAE.

His most famous luxury symbols are his superyachts. The Sailing Yacht A (SY A), with its futuristic design, and the Motor Yacht A (MY A), are considered some of the largest and most technologically advanced private vessels ever built. He maintains multiple international residences, including a residence in Ras Al Khaimah, UAE, and a significant Impressionist art collection. His life is one of intense global mobility, commanding immense industrial empires while indulging in the most sophisticated forms of luxury leisure and high culture.

Advertisement

Quotes and Philosophy


“My life is a continuous pursuit of creating value where others see only stagnation.”

“We don’t do business for vanity; we do it for essential production that the world needs.”

Fun Facts & Trivia


  • He owns two of the world's largest and most famous superyachts: Sailing Yacht A (SY A) and Motor Yacht A (MY A).
  • He started his first business—a chain of currency exchange booths—on his university campus.
  • His wife, Alexandra Melnichenko, is a former Serbian model and pop star.
  • He founded MDM Bank at age 21, which became one of Russia's most successful private banks.
  • He is a major collector of Impressionist art, including works by Claude Monet.
  • He dropped out of the Faculty of Physics at Moscow State University.
  • His companies, EuroChem and SUEK, have invested over $23 billion in modernization over 15 years.

Advertisement

More Profiles


Joachim Goldbeck

+0.21% | +$3.00M

Thomas Bailey

0% | $0.00M

You May Like


Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

Sponsored Content