Overview of Melnichenko Andrey
Melnichenko Andrey, a Russian-Emirati billionaire entrepreneur, is renowned as the founder and former beneficiary of EuroChem Group, a prominent fertilizer producer, and SUEK, a leading coal producer. Melnichenko Andrey Assets add to his opulent lifestyle, which also includes prime real estate holdings and a Boeing Business Jet (BBJ). Born on March 8, 1972, in Gomel, Byelorussian SSR, to Belarusian and Ukrainian teachers, Melnichenko pursued advanced education at the Lomonosov Moscow State University and graduated in finance from the Plekhanov Russian University of Economics.
An integral part of his diverse portfolio is the ownership of the world’s most expensive mega yacht, “A,” reflecting Melnichenko’s penchant for luxury. As of 2023, his net worth stands at $25.2 billion, ranking him as the 63rd-richest person globally and the wealthiest from Russia.
In 2022, the UK government imposed sanctions on Melnichenko due to his connection to the Russo-Ukrainian War. Additionally, Japan and Canada sanctioned him under the Special Economic Measures Act for his involvement in the Russian invasion of Ukraine, labeled as a Grave Breach of International Peace and Security.
Beyond his business ventures, the Melnichenko Andrey Foundation contributes to social mobility in Russia by supporting talented children in science and education.
Diverse Portfolio of Melnichenko Andrey Assets
EuroChem Group AG
Melnichenko Andrey, the founder and former beneficiary of EuroChem Group AG, a fertilizer producer, stepped down from the EuroChem Board of Directors in March 2022. Simultaneously, he relinquished his role as the primary beneficiary. On his 50th birthday, ownership of EuroChem and the coal producer SUEK was transferred to his wife, Aleksandra Melnichenko, making her the beneficial owner of both companies. Currently, EuroChem is primarily owned and managed by EU trustees through a trust, where Aleksandra Melnichenko serves as the beneficiary. Importantly, it is not under the control of any sanctioned individual. These ownership adjustments were implemented to safeguard the assets from potential European sanctions.
SUEK (Siberian Coal Energy Company) JSC
SUEK (Siberian Coal Energy Company) JSC, a Russian coal and energy firm established in 2001 by Melnichenko Andrey, emerged as a major player in the industry. Until March 2022, Melnichenko held the largest share in the company and played a pivotal role. However, he relinquished his position as the primary beneficiary following international sanctions.
Specializing in the exploration, mining, supply, and export of coal, SUEK is involved in the production and distribution of coking, hard, and brown coal. Additionally, the company is engaged in electricity generation and heat energy. Its operations span various open and underground mines in Siberia and the Far-Eastern region of Russia. SUEK efficiently manages washing plants, a logistics and coal distribution network, and highly productive power-generating units.
Notably, SUEK’s reach extends beyond Russia. It distributes coal domestically via rail and internationally through sea routes, covering Europe and the Asia-Pacific region. The company, recognized as Russia’s largest coal supplier, has a substantial operational presence in North America, Asia-Pacific, and Europe.
In terms of financials, as of 2020, SUEK reported a revenue of US$6.7 billion, boasting total assets amounting to US$16.03 billion. The company’s extensive operations support a workforce exceeding 70,000 employees. This impressive scale underscores SUEK’s prominence in the global coal and energy landscape.
Luxury Lifestyle and Notable Assets
Sailing Yacht A stands as a remarkable sail-assisted motor yacht, a collaborative creation by designer Philippe Starck and the skilled craftsmanship of Nobiskrug in Kiel, Germany. Commissioned by the Russian billionaire Melnichenko Andrey, this vessel holds the distinction of being the world’s largest private sail-assisted motor yacht, measuring an impressive 142.81 meters.
Delivered in 2017, Sailing Yacht A is celebrated for its distinctive design and cutting-edge features. Among its notable attributes are a hybrid diesel-electric propulsion system and state-of-the-art navigation systems. The sheer size of the yacht, coupled with its renowned owner, has captured widespread attention.
The construction of this extraordinary yacht came with a hefty price tag, reportedly reaching around $600 million. Sailing Yacht A is recognized not only for its opulence but also for its visionary and innovative contributions to the realm of luxury yachting. In essence, it stands as one of the most pioneering projects in the world, showcasing the fusion of luxury and groundbreaking design.
Real Estate Holdings
Russian billionaire Melnichenko Andrey boasts a diverse global real estate portfolio, featuring noteworthy properties such as:
- Harewood Estate, Ascot, UK:
- Melnichenko owned a sprawling 36-acre estate with formal gardens, tennis courts, and a lake. The property was held through the Jersey-based Harewood House Limited.
- Real Estate in Italy and Switzerland:
- Melnichenko holds residences in both Italy and Switzerland.
- New York City, USA:
- In 2011 and 2019, he acquired two penthouses in 110 Central Park South, New York, at $12.2 million and $12.8 million, respectively.
- Melnichenko owns a four-story Bromar mansion in Monaco, equipped with a swimming pool, steam bath, fitness center, and home cinema.
- Cap d’Antibes, France:
- Villa Altair in Cap d’Antibes, featuring a home theater, wine cellar, sauna, and swimming pool, is owned by Melnichenko through the French real estate firm Pershore Comercio International S.a.r.l. This firm is wholly owned by Melnichenko’s Luxembourg-based company, Jalinon Investments S.a.r.l.
Melnichenko Andrey possesses a Boeing 737 BBJ, registered as M-YBBJ, as part of his private jet collection. This aircraft is renowned for its distinctive paintwork featuring the initials “A” and “M” on the tail, mirroring the style of his yacht, “A.”
Operated by a Luxembourg air charter company, the jet has direct connections to Melnichenko’s business engagements.
According to Forbes there is no estimation of his assets till now.
Adding new information regularly…