Andrey Melnichenko

Andrey Igorevich Melnichenko (born 8 March 1972 in Gomel, Belarus) is a Russian industrialist and billionaire.

Industrialist Melnichenko owns majority stakes in fertilizer producer Eurochem, coal producer SUEK and power generator SGK. His first venture in the early 1990s was a chain of currency-exchange booths from which he cofounded MDM Bank. He later founded Eurochem, SUEK and pipe exporter TMK with Sergei Popov, a former metals trader from Ural with whom he started working in 2000. 

Six years later, the partners began divvying up their assets and entirely separated by 2012, with Popov getting the bank and Melnichenko getting the other assets. He spent an estimated $450 million on his Sailing Yacht A, one of the world's largest superyachts; it is currently undergoing sea testing in Spain. It is called A to appear first in shipping registers. He also has a second megayacht, Motor Yacht A, which was designed by Philippe Starck and resembles a sleek, futuristic submarine. Melnichenko owns a collection of Impressionist art, including pieces by Claude Monet, some of which hang inside his yachts. He is married to Aleksandra Nikolic, a Serbian former model.

With an estimated personal wealth of $13.2 billion, in 2017 he ranked 89th in the Forbes World’s billionaires list (9th in Russia).

Putin makes billionaires


Since 2012, the state of the oligarchs in Russia has grown by $ 29.5 billion.

Russian oligarchs are fat with money


Russian billionaires have grown rich by 22 billion dollars since the beginning of the year.

Ukrainian authorities accused Eurochem of financing Lugansk and Donetsk Republics


Kiev banned the supplies of fertilizers from the companies of oligarch Andrey Melnichenko to Ukraine.

The devil is in the details: why Russia's coal industry has no encouraging prospects


Government's pride that Russia produces, as a typical third-world country, more coal, and carries it in ever larger quantities for ever greater distances, looks rather strange in modern conditions.

When length matters


How Roman Abramovich, Alisher Usmanov and other Russian billionaires buy and sell luxury yachts.

Andrey Melnichenko refused to sell his old yacht


No buyers are willing to buy a strange vessel of the scandalous oligarch.

The richest people of Russia in the Forbes global ranking 2017


List of most wealthy Russians for the second consecutive year is headed by the co-owner of "Novatek" and "Sibur" Leonid Michelson.

Melnichenko's mega-yacht was arrested in Gibraltar for a €15.3 million claim


The lawyers of Nobiskrug shipyard have filed a lawsuit against the customer of the yacht for breach of contract.

The most capacious sailing ship in the world: the new Melnichenko's yacht


German shipyard Nobiskrug today finished the contruction of the Russian billionaire Andrey Melnichenko's yeach under Philippe Starck's project. No one in the world has ever built such large sailboats.

International registration: employees of Melnichenko's company moved to offshore


"Living on a boat": Andrey Melnichenko extradited his subordinates to Cyprus.

EuroChem suspects former employees of kickbacks


As it became known to Forbes, Andrey Melnichenko's company filed a lawsuit against its former managers for illegal commissions from the contractors. EuroChem estimated the damage at nearly $40 million.

Deceive a billionaire: how Alexander Shchukin's family opened the family-office


Coal magnate and member of the Forbes list Alexander Shchukin decided to do family business in London. How did the businessman become the victim of a rogue?