NetWorth
LeaderPortfolio
family
A
Rank #132
RUSSIA•Metals & Mining•Fertilizers, coal

Andrey Melnichenko & family

Net Worth
$20.422B
0% (24h)
Andrey Melnichenko is a Russian-Emirati billionaire entrepreneur, ranking #91 on the Forbes list of the Richest People in the World as of March 8, 2024, with a net worth of $21.1 billion. His wealth source is primarily from fertilizers and coal. He is the founder of EuroChem Group, a leading fertilizer producer, and SUEK, a major coal producer. Melnichenko began his career in banking, co-founding MDM Bank in 1993. His career has been marked by significant achievements in the metals-mining industry. He is known for his commitment to philanthropy and has invested in social and charitable projects.

How to read Andrey Melnichenko & family's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Andrey Melnichenko & family, we anchor the narrative to Fertilizers and Fertilizers, coal, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $20.422B alongside global rank #132, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (RUSSIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life and Education

Andrey Igorevich Melnichenko was born on March 8, 1972, in Gomel, Byelorussian SSR. He attended the Advanced Education and Science Centre of the Lomonosov Moscow State University and later studied physics at Moscow State University. He then earned a degree in finance from the Plekhanov Russian University of Economics.

Rise to Success

Melnichenko's entrepreneurial journey began with currency exchange booths while at university. In 1993, at age 21, he co-founded MDM Bank, which grew to be one of Russia's largest private banks. He later transitioned to the metals-mining industry, co-founding EuroChem Group and SUEK. By 2023, he was ranked as the richest person in Russia, with a net worth of $25.2 billion. As of March 8, 2024, his net worth is $21.1 Billion.

Key Business Strategies

Melnichenko's business strategy has focused on vertical integration and global expansion, making his companies resilient to market fluctuations. His companies have invested billions in the fertilizer and coal industries, investing over $23 billion in Russia's new economy and industrial sector over the past fifteen years and employing more than 100,000 people.

Philanthropy

Melnichenko is actively involved in philanthropy through the Andrey Melnichenko Foundation, which supports talented children in science and education. His companies have reportedly spent over $500 million on social and charitable projects.

Career Timeline

2023

Richest man in Russia

Ranked as the richest man in Russia, with a net worth of $25.2 billion.

2011

Chairman of SUEK

Became Chairman of the Board of Directors of SUEK (Siberian Coal Energy Company).

2004

Chairman of OJSC EuroChem

Became Chairman of the Board of Directors of mineral and chemical company OJSC EuroChem.

2000

Co-founded MDM Group

Co-founded MDM Group for industrial investments.

1993

Co-founded MDM Bank

Co-founded MDM Bank at the age of 21, which became one of Russia's largest private banks.

Philanthropic Impact

EducationUndisclosed

Andrey Melnichenko Foundation

Supports talented children in science and education, aiming for social mobility in Russia.

Key Business Ventures & Holdings

CompanyStakeValue
EuroChem Group AG——
SUEK (Siberian Coal Energy Company)——

Net Worth History

In-Depth Analysis

Early Life and Education

Andrey Igorevich Melnichenko was born on March 8, 1972, in Gomel, Byelorussian SSR. He attended the Advanced Education and Science Centre of the Lomonosov Moscow State University and later studied physics at Moscow State University. He then earned a degree in finance from the Plekhanov Russian University of Economics.

Rise to Success

Melnichenko's entrepreneurial journey began with currency exchange booths while at university. In 1993, at age 21, he co-founded MDM Bank, which grew to be one of Russia's largest private banks. He later transitioned to the metals-mining industry, co-founding EuroChem Group and SUEK. By 2023, he was ranked as the richest person in Russia, with a net worth of $25.2 billion. As of March 8, 2024, his net worth is $21.1 Billion.

Key Business Strategies

Melnichenko's business strategy has focused on vertical integration and global expansion, making his companies resilient to market fluctuations. His companies have invested billions in the fertilizer and coal industries, investing over $23 billion in Russia's new economy and industrial sector over the past fifteen years and employing more than 100,000 people.

Philanthropy

Melnichenko is actively involved in philanthropy through the Andrey Melnichenko Foundation, which supports talented children in science and education. His companies have reportedly spent over $500 million on social and charitable projects.

Data Sources & Methodology

Figures for Andrey Melnichenko & family are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

You may also like

HubAll BillionairesHubGlobal RankingsHubNewsroom