Andrey Melnichenko & family

Rank 78

Andrey Melnichenko & family

25B

Fertilizers, coal

Ras Al Khaimah

Russia

  • His yacht SY A, the world's largest sail-assisted yacht, has been frozen by Italian authorities.
  • Melnichenko has a collection of Impressionist art, including pieces by Claude Monet.
  • Industrialist Andrey Melnichenko is the founder of fertilizer producer Eurochem and coal energy company SUEK.
  • The son of a Soviet physicist, Melnichenko dropped out of college when the Soviet Union fell in 1991 to start a chain of currency exchange booths.
  • Two years later, he founded MDM Bank, which became one of Russia's most successful private banks.
  • Melnichenko's companies, which employ more than 100,000, have invested some $23 billion into fertilizer and coal production over the past 15 years.
  • Melnichenko was sanctioned by the EU and UK in March 2022, and by the US in August 2022; he called the sanctions "absurd and nonsensical" and is disputing them.
  • He transferred his shares in Eurochem and SUEK in 2022 to a trust that he claims he can't benefit from while under sanctions. Forbes still counts the assets as his.