Overview of Andrey Melnichenko
Andrey Melnichenko, a Russian-Emirati billionaire entrepreneur, has left an indelible mark on various business ventures. He founded and was the former beneficiary of the EuroChem Group, a fertilizer producer, and SUEK, a coal producer. His net worth was estimated at $15.8 billion and $17.4 billion in 2022. Surging ahead in 2023, he clinched the top spot among Russian billionaires with a formidable fortune of $25.2 billion.
Notable Andrey Melnichenko assets encompass EuroChem Group and SUEK, pivotal players in his business portfolio. Beyond business, he is renowned for possessing opulent assets, including the superyachts Motor Yacht A and Sailing Yacht A, a substantial art collection, and a £10 million residence in London’s Belgravia. Notably, his philanthropic efforts shine through the Andrey Melnichenko Foundation, dedicated to nurturing talented children in science and education and aiming to foster social mobility in Russia.
Diverse Portfolio of Andrey Melnichenko Assets
Andrey Melnichenko, the founder of EuroChem Group, a Swiss fertilizer producer, held a significant 90% of EuroChem Group AG shares until March 9, 2022. On that day, he resigned as Non-Executive Director of the Board of Directors and withdrew as the main beneficiary. Simultaneously, he found himself on a European Union sanctions list. After his resignation and withdrawal, Melnichenko no longer had any beneficial control over EuroChem’s shares, reducing his ownership to 0%.
Currently, EU trustees of a trust own and run EuroChem Group primarily. Aleksandra Melnichenko, the beneficiary, does not possess majority ownership or influence over the company. Due to sanctions law, the trustees must refrain from giving money to those who have received sanctions.
Several national authorities have duly recognized EuroChem’s adherence to sanctions law, allowing the company to persist in the production and distribution of fertilizers to global markets.
Andrey Melnichenko, a Russian-Emirati billionaire entrepreneur, has engaged in diverse business ventures, notably in the energy sector. In 2022, Forbes and Bloomberg estimated his net worth at $15.8 billion and $17.4 billion, respectively. By 2023, he had claimed the top spot among Russian billionaires, boasting a fortune of $25.2 billion.
Melnichenko’s primary assets encompass the EuroChem Group, a fertilizer producer, and SUEK, a coal producer. However, in 2022, he transferred ownership of these companies to his wife, Aleksandra Melnichenko, just before facing sanctions from the European Union.
Beyond his business acumen, Melnichenko is recognized for his opulent possessions. These include two superyachts, Motor Yacht A and Sailing Yacht A, an extensive art collection, and a £10 million residence in London’s Belgravia. Notably, his philanthropic efforts extend through the Andrey Melnichenko Foundation, dedicated to supporting talented children in science and education with the goal of fostering social mobility in Russia.
Motor Yacht A and Sailing Yacht A
Andrey Melnichenko owns two impressive superyachts: Sailing Yacht A and Motor Yacht A. Sailing Yacht A, crafted by Philippe Starck and constructed by Nobiskrug in Kiel, Germany, spans an impressive 142.81 meters. Classified as a “sail-assisted motor yacht,” its three masts stand as the world’s tallest and most robust freestanding composite structures, with the mainmast soaring 100 meters above the waterline. Notably, the yacht boasts an underwater observation pod in the keel, featuring 30 cm-thick glass. It proudly holds the title of the largest private sail-assisted motor yacht globally.
On the other hand, Blohm+Voss in Hamburg, Germany, meticulously built Motor Yacht A, another creation by Philippe Starck. With a length of 119 meters and a substantial gross tonnage of 5,959, this yacht presents a unique design characterized by a sleek, futuristic appearance. Often likened to a stealth warship or submarine, Motor Yacht A stands out as a distinctive vessel in its own right.
Andrey Melnichenko possesses an impressive assortment of Impressionist art, featuring notable works by Claude Monet. One of these is Monet’s “Water Lily Pond” (1919), which Melnichenko paid $80.5 million for. This specific purchase highlights his deep appreciation for the art genre and its profound significance in the art world. Melnichenko’s diverse art collection, boasting creations from renowned artists like Monet, not only underscores his passion for the arts but also reflects his substantial investment in this creative realm.
Andrey Melnichenko possesses a £10 million residence in the heart of Belgravia, London, formerly concealed under the registration of Valton Limited in Bermuda. The unveiling of Melnichenko’s ownership occurred when he was added to the UK sanctions list in March 2023.
In addition to these remarkable properties, Melnichenko is reputed to have a residence in Harewood Estate, Ascot, Berkshire, UK, and is linked to various other opulent estates.
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