Andrey Skoch: A Profile of Affluence
Andrey Skoch, one of Russia’s esteemed billionaires, was born in January 1960. Known for his vast wealth and extensive family, which includes 10 children and his wife, Yelena Likhach, Skoch’s life is one of intrigue and industry. He is the proud owner of the luxurious yacht Madame Gu, which adds a touch of maritime fascination to his profile.
Vladimir Skoch, Andrey’s father, is the beneficiary of a trust that holds a 30% stake in USM Holdings. This holding company possesses a wide array of assets, including Metalloinvest.
- Andrey Skoch is a billionaire from Russia, owner of the luxury yacht Madame Gu, and a figure of affluence.
- Skoch’s father, Vladimir Skoch, is the beneficiary of a trust that owns 30% of USM Holdings, a company with diverse assets.
- Metalloinvest, one of the world’s largest producers of iron ore and hot-briquetted iron, is among USM’s holdings.
- Skoch’s career ascended when he joined Alisher Usmanov’s metallurgical business, leading to the formation of Metalloinvest.
- As a parliamentary deputy, Skoch earned the title ‘the richest man in the Duma’ with an estimated net worth of $7 billion.
- Skoch has made significant philanthropic contributions, donating over US$ 117 million over three years.
- Skoch’s vibrant family life includes 10 children, reflecting his commitment to family values.
USM Holdings and Metalloinvest
Metalloinvest is a global leader in the production of iron ore and hot-briquetted iron, showcasing the potency of Russia’s mining industry. Furthermore, Megafon, a significant telecom operator in Russia, forms part of the assets held by USM Holdings. The company’s stakeholders also include Alisher Usmanov with 60% and Farhad Moshiri holding 10%.
The Making of Metalloinvest
After receiving his education in Moscow, Andrey Skoch embarked on his professional journey at MontazhSpetsBank. His career took a significant turn when he joined forces with Alisher Usmanov in the metallurgical sector, taking charge of Lebedinsky Mining.
The merger of Arkhangelsk Mining business with Lebedinsky Mining and Oskal Metal Works resulted in the formation of the Metalloinvest group. The group, as of 2012, reported net sales of USD 8.2 billion, providing employment to 62,000 individuals.
Skoch’s Wealth and Political Influence
Skoch’s influence extends beyond business. In 1999, he became a Russian parliamentary deputy, earning him the title ‘the richest man in the Duma’. His net worth is estimated at an astonishing $7 billion.
Philanthropy: Skoch’s Generosity
Not only is Andrey Skoch a successful entrepreneur, but he is also an active philanthrope. Recognized as one of the Top 10 Donors by Bloomberg.com in 2013, Skoch donated over US$ 117 million within three years. His charitable efforts include sponsoring the Debut, a literary competition for young authors, and erecting a memorial in China’s Port Arthur to commemorate the Russian soldiers who fell during the Russo-Japanese war of 1904-1905.
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