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Grizzly Bulls’ Billionaires Index

⬅ # 99 Rick Cohen|# 101 Harold Hamm ➡

# 100 Andrey Melnichenko 

$19.4B

Real Time Net Worth
as of 5/13/2024
$78 (0.00%)

# 100 Andrey Melnichenko 

$19.4B

Real Time Net Worth
as of 5/13/2024
$78 (0.00%)
OccupationFounder, EuroChem Group; Founder, SUEK
Source of WealthFertilizers, Coal
Age52
ResidenceRas Al Khaimah, United Arab Emirates
Marital StatusMarried
Children2
EducationMS, Plekhanov Russian University of Economics
Age-Adjusted Net Worth$33.3B
Andrey Melnichenko
Andrey Melnichenko
Russia
Net worth: $19.4B

Self-Made Score 

Wealth History

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Biography

Personal Info

Andrey Igorevich Melnichenko was born on March 8, 1972, in Gomel, Byelorussian SSR.
His parents were teachers, with a Belarusian father and Ukrainian mother.
He attended the Advanced Education and Science Centre of the Lomonosov Moscow State University and graduated in finance from the Plekhanov Russian University of Economics.
In 2005, Melnichenko married Serbian former pop singer and model Aleksandra Nikolić, and they have two children.
He owns two high-tech yachts: Sailing Yacht A (2017) and Motor Yacht A (2008), both designed by Philippe Starck.

Early Life and Education

Started trading currency with friends as a physics student at Moscow State University after the fall of the Soviet Union.
Registered MDM Bank during his university years.
Graduated in finance from the Plekhanov Russian University of Economics in 1989.

Career

Co-founded MDM Bank at the age of 21 in 1993.
Chaired the Board of Directors of MDM Bank from 1993 to 1997.
Expanded MDM Bank through acquisitions and became the sole shareholder in 1997.
MDM Bank was named 'Bank of the Year' by The Banker in 2002 and 2003.
Co-founded MDM Group in 2000 for industrial investments in pipeline manufacturing, coal production, and fertilizer production.
Formed separate companies: SUEK, EuroChem, and TMK (exited in 2006 through an IPO).
Became EuroChem's majority shareholder in 2007.
Led EuroChem's expansion, acquiring licenses for potash deposits and new manufacturing facilities.
Became a director of SUEK JSC in 2005 and chairman in 2011.
Transformed distressed assets, modernizing mines, and upgrading facilities.
SUEK became a global supplier of high-calorific value coal with distribution in 48 countries.

Business Record

His companies invested over $23 billion in Russia's new economy and industrial sector in the last fifteen years.
His companies reportedly employ over 100,000 people.
Melnichenko is a Member of the Bureau of the Board of Directors of the Russian Union of Industrialists and Entrepreneurs since 2007.

Philanthropy

The Andrey Melnichenko Foundation supports talented children in science and education in Russia.
Launched educational and scientific centers for gifted children and awards scholarships for higher education.
His companies spent over $500 million on social and charitable programs.

Sanctions

Placed on the EU sanctions list on March 9, 2022, due to involvement in economic sectors providing revenue to the Russian government.
Melnichenko disputed the sanctions and stepped down from positions at EuroChem and SUEK.
Sanctioned by the UK, Japan, and Canada in relation to the Russo-Ukrainian War.

How long would it take you to become as rich as Andrey Melnichenko?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Andrey Melnichenko's net worth of $19.4B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Andrey Melnichenko is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Andrey Melnichenko, Fertilizers and Coal are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey