| Name: | Andrey Molchanov |
| Net Worth: | $1.3 billion |
| Source of Wealth: | LSR GROUP |
| Born: | September 24, 1971 |
| Age: | |
| Country: | Russia |
| Wife: | Elizaveta Molchanova |
| Children: | 4 (Aleksandra Molchanova, 3 others) |
| Residence: | St Peterburg, Russia |
| Private Jet: | Bombardier Global 5000 (9H-FLN) |
| Yacht: | Aurora |
Andrey Yuryevich Molchanov is a Russian billionaire businessman, real estate developer, former politician, and founder of LSR Group. Born on September 24, 1971, in Leningrad, now St. Petersburg, he built one of Russia’s largest construction and building materials groups.
Molchanov is best known as the founder and main shareholder of LSR Group, a major Russian real estate development and construction materials company. He has also served in Russian public life, including as a member of the Federation Council from Leningrad Oblast between 2008 and 2013.
He is married to Elizaveta Molchanova, and the couple have four children. One of their children is Aleksandra Molchanova. Public reporting has also mentioned his son Egor Molchanov in connection with LSR shareholdings.
Molchanov is linked to the 74-meter yacht Aurora.
Andrey Molchanov was born in Leningrad, now St. Petersburg, in 1971. He graduated from the economics faculty of St. Petersburg State University in 1993 and later studied at the Russian Academy of Public Administration under the President of the Russian Federation.
He holds a doctorate in economic sciences and has received several Russian titles and honors connected to construction and regional development.
Molchanov’s family background is also notable. His stepfather, Yuri Molchanov, was a senior St. Petersburg official and served as vice governor of the city. This connection has often been mentioned in profiles of Molchanov because St. Petersburg was central to both his business career and political network.
LSR Group was founded in 1993 and grew into one of Russia’s largest construction and development companies. Its name comes from Lenstroirekonstruktsiya, one of the early companies acquired by Molchanov during the group’s formation.
The company built its business around two linked activities: real estate development and construction materials. This combination gave LSR control over both property projects and the materials needed to build them.
LSR’s operations include residential development, building materials, sand and crushed stone, brick, concrete, reinforced concrete, cement, and construction services. The group has been especially strong in St. Petersburg and the Leningrad Region, while also expanding into Moscow, the Moscow Region, Yekaterinburg, and other Russian markets.
During the 1990s and 2000s, LSR Group expanded through acquisitions and development projects. It acquired construction materials businesses, brick factories, quarries, concrete producers, and development companies.
The group later became one of the largest players in Russian residential construction. Its projects include apartment complexes, mixed-use developments, and urban redevelopment projects.
LSR went public in 2007, listing global depositary receipts in London and shares in Russia. After Russia’s full-scale invasion of Ukraine and the deterioration of access to Western capital markets, Russian companies such as LSR faced a much more restricted international investment environment.
LSR Group remains an important Russian construction and building materials company. EU sanctions documents published in 2026 described LSR as a real estate company and the biggest producer of construction materials in Russia, with 2024 revenue of 239 billion rubles.
The company’s business remains closely tied to Russia’s construction sector, housing market, public infrastructure, and regional development programs.
Because LSR is operating in Russia and is connected to a sector that provides tax revenue and economic support to the Russian state, the company and its main shareholder have received increased international scrutiny since Russia’s invasion of Ukraine.
Andrey Molchanov was also active in Russian politics. From 2008 to 2013, he served as a member of the Federation Council, the upper chamber of Russia’s Federal Assembly, representing Leningrad Oblast.
He chaired or participated in committees connected to the Commonwealth of Independent States and regional policy. In 2013, he left the Federation Council and returned to a leadership role at LSR Group.
He has also been associated with United Russia, the Kremlin-aligned ruling party. This political background became more relevant after the introduction of sanctions connected to Russia’s war in Ukraine.
In April 2026, the European Union sanctioned Andrey Molchanov. EU documents described him as a leading Russian businessperson, a member of United Russia, and an important shareholder in and former CEO of LSR Group.
The EU stated that LSR Group operated in the construction sector and that this sector provides a substantial source of revenue to the government of the Russian Federation. On that basis, Molchanov was designated as a leading businessperson operating in Russia and as someone involved in sectors that support the Russian government.
Before this 2026 EU designation, Molchanov had already appeared on Ukrainian sanctions lists and in sanctions-monitoring databases. He was also named in the 2018 U.S. CAATSA “oligarchs” report, although inclusion in that report did not itself impose U.S. sanctions.
Molchanov and companies linked to him have also appeared in Ukraine-related asset and sanctions disputes. Ukrainian authorities and investigative organizations have linked LSR-related structures to disputes over assets and claims connected to the war.
One widely reported issue concerns cement and construction-material interests in Ukraine. Reporting by civil society groups has described claims and counterclaims involving sanctioned Russian businessmen and companies challenging Ukrainian asset measures through international investment arbitration.
These matters are legally complex, and public reporting often involves allegations, government actions, and investment treaty claims that may still be contested. The fairest wording is that Molchanov has become part of the wider legal and sanctions landscape connected to Russian business interests affected by Ukraine’s wartime measures.
St. Petersburg is central to Molchanov’s life and business story. He was born there, studied there, and built LSR Group from local construction and building materials businesses.
His stepfather, Yuri Molchanov, was vice governor of St. Petersburg for many years. Andrey Molchanov himself has received Russian state and regional honors, including awards connected to the development of St. Petersburg and the construction industry.
The yacht Aurora may also reflect this St. Petersburg connection. The historic cruiser Aurora is one of the city’s most famous symbols. The cruiser played a symbolic role in the 1917 October Revolution and is now a museum ship in St. Petersburg.
LSR Group has also been involved in major urban redevelopment and cultural projects, including Zilart in Moscow. Zilart is a large redevelopment project on the former ZIL industrial site and includes residential buildings, public spaces, and cultural infrastructure.
In 2025, a private museum opened at Zilart, attracting attention because of its links to LSR Group and Molchanov. The project reflects the way major Russian developers combine real estate, culture, urban branding, and public-private influence.
Andrey Molchanov’s net worth is estimated by Forbes at around $1.3 billion. His wealth comes mainly from his controlling or major stake in LSR Group, as well as related real estate, construction materials, investments, and private assets.
His net worth has fluctuated over time because of LSR’s share price, Russian market conditions, sanctions, the value of the ruble, property demand, and the broader impact of Russia’s war in Ukraine on Russian business owners.
Andrey Molchanov is linked to the yacht Aurora. Aurora is a 74-meter motor yacht built by Lürssen in Germany and delivered in 2017.
The yacht was designed by Winch Design and is known for her classic transatlantic-inspired styling. Her exterior has a vintage ocean-liner feel, while her interior is luxurious and detailed.
Aurora can accommodate up to 16 guests and a crew of around 22. She is powered by MTU engines and has a top speed of around 18 knots. Yacht-market sources value her at approximately $120 million, with annual running costs estimated at more than $10 million.
In early 2022, after Russia’s invasion of Ukraine, Aurora was reported to be in Barcelona for refit work while several Russian-owned superyachts were under scrutiny. Media reports identified Aurora as belonging to Molchanov.
Andrey Molchanov is married to Elizaveta Molchanova. They have four children, including Aleksandra Molchanova. Public reporting has also referenced his son Egor Molchanov in connection with LSR shareholding changes.
Molchanov keeps a relatively private personal life, and most public information about him concerns LSR Group, Russian politics, sanctions, and his yacht.
Andrey Molchanov is one of Russia’s most important real estate and construction billionaires. As the founder and main shareholder of LSR Group, he built a company that became central to Russian residential development and construction materials.
His story is closely tied to St. Petersburg, Russian politics, and the growth of the post-Soviet construction sector. Since Russia’s invasion of Ukraine, however, his public profile has increasingly been shaped by sanctions, asset scrutiny, and the role of Russian construction companies in the wider wartime economy.
With an estimated net worth of around $1.3 billion and ownership links to the Lürssen yacht Aurora, Molchanov remains a major figure in Russian business and the superyacht world.
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During one of SuperYachtFan’s visits to Antibes, we spotted a Russian plated Bentley near the (previous) yacht Aurora. The Bentley had special plates with registration B-
https://www.forbes.com/profile/andreimolchanov/
https://en.wikipedia.org/wiki/AndreyMolchanov_(businessman)
http://www.lsrgroup.ru/about-
We believe he lives with his wife Elizaveta Molchanova in a large residence in Barvikha, near Moscow. He also has a home in St Petersberg and in Sardinia. Unfortunately, we have not yet been able to identify his home. These are sample photos of billionaire residences. Do you know more about his house? Please do send us a message.
Barvikha is an upscale residential village nestled in the picturesque pine and birch forests of the Odintsovo District in Moscow Oblast, Russia. Renowned for its elite status, the village serves as a tranquil retreat for many of Russia’s affluent and influential figures.
Barvikha offers a range of top-tier facilities such as high-end shopping centers, luxury car dealerships, and gourmet restaurants. The village is particularly recognized for the Barvikha Sanatorium and the Barvikha Luxury Village, a prominent retail complex that offers premium luxury brands.
Its serene environment, characterized by lush greenery and pristine air, is ideal for residents who seek privacy and tranquility. The village is also home to some of Russia’s most extravagant mansions, making it a symbol of opulence.
Despite its modern amenities, Barvikha retains a unique rustic charm that accentuates its natural beauty. All these factors contribute to Barvikha’s reputation as one of the most prestigious residential areas in Russia.
He is the owner of a Bombardier Global 5000 private jet, with registration 9H-
The Bombardier Global 5000 is a large, ultra-long-range business jet produced by Bombardier Aerospace. It is part of Bombardier’s Global family of aircraft, which includes the Global 7500, Global 6000, and Global Express models. The Global 5000 has a range of approximately 5,200 nautical miles (9,630 km) and can carry up to 19 passengers. It is powered by two Rolls-Royce BR710-A2-20 turbofan engines, which provide a maximum speed of Mach 0.89 (590 mph or 950 km/h) and a maximum altitude of 51,000 feet (15,545 meters).
The cabin of the Global 5000 is designed for comfort and luxury, with a spacious interior that can be configured to meet the needs of individual owners. The cabin features a full galley, a private lavatory, and a range of in-flight entertainment options, including high-speed internet and satellite TV. The Global 5000 is a popular choice among business and VIP travelers who require a long-range aircraft with exceptional performance, comfort, and luxury. It is also used for government and military applications, including transportation of high-ranking officials and medical evacuation missions. The list price for a new Global 5000 is estimated to be around $50 million.
(Photos by Planespotters.net ; flightaware.com; flickr.com; picssr.com; planefinder.net ) Do you want us to remove a certain photo? Or credit a source? Please send us a message
Rick Hendrick Yacht WHEELS
SuperYachtFan Yacht Owners Database Q3-26
