| Name: | Cyril Minovalov |
| Net Worth: | $600 million |
| Source of Wealth: | Avangard Bank |
| Born: | April 22, 1971 |
| Country: | Russia |
| Wife: | Mrs Minovalov |
| Children: | Unknown |
| Residence: | Moscow |
| Private Jet: | (N500AN) Gulfstream G500, (D-BLDI) Cessna 750 Citation X |
| Yacht: | Avangard II |
The name Cyril Minovalov carries a significant weight in the realm of Russian business and yachting industry. This visionary entrepreneur, born in Moscow in 1971, is now an influential figure in both the finance and maritime world.
Minovalov’s journey to success began with his education at the Moscow Institute of Railway Transport Engineers (MIIT), where he specialized in Systems Engineering. This equipped him with a strong foundation to navigate the complex world of business.
His entrepreneurial spirit was evident early on when, from 1991 to 1994, he took the helm of Alcor, a consulting firm he founded. However, his pivotal career move came in 1994 when he established Avangard Bank, serving as its President and Chairman ever since.
Avangard Bank, under Minovalov’s leadership, has flourished extensively. With 300 offices spanning across 50 Russian regions and employing 3,500 personnel, the bank has established a solid reputation in the Russian finance industry.
Besides banking, Minovalov also demonstrates a keen interest in various other business sectors. He has significant investments in the Omsk Glassworks and owns Avangard Malz, the largest malting company in Germany.
Minovalov’s diverse business portfolio also includes the ownership of JSC “Avangard-Agro”, one of Russia’s largest agricultural producers, cultivating a variety of grain and industrial crops. Moreover, he leads JSC “Insurance Group Avangard-Garant”, providing a range of insurance services to both retail and corporate customers.
Reflective of his varied business interests and astute entrepreneurial capabilities, Minovalov boasts an estimated net worth of $600 million. His fortune is testament to his business acumen, strategic investments, and industrious spirit.
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He lives in Moscow. 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.
He is the owner of the yacht Avangard II. It was built at Avangard Yachts, which is owned by Minovalov.
The AVANGARD II Yacht was expertly constructed by Avangard Yachts in 2008, featuring a design conceptualized by Mulder Design.
The motor yacht is powered by Caterpillar diesel engines, providing a max speed of 16 knots and a cruising speed of 11 knots. She can traverse over 3000 nautical miles without the need for refuelling.
She has the capacity to accommodate 12 guests along with a professional crew of 10, offering a lavish and memorable seafaring experience.
He is the owner of a Gulfstream G500 with registration N500AN. He also owns (or owned) a Cessna 750 Citation X private jet. The jet is registered in Germany (D-BLDI). And he also owns a helicopter with the registration D-HAVN. The helicopter is carried onboard the yacht.
The Gulfstream Aerospace G-V is a long-range business jet produced by Gulfstream Aerospace. The G-V was first introduced in 1997 and is known for its spacious cabin, long range capability, and high cruising speeds. It has a maximum range of approximately 6,500 nautical miles and can accommodate up to 19 passengers. The G-V was later succeeded by the Gulfstream G550, which was introduced in 2003. The list price of a Gulfstream G-V aircraft varies depending on several factors such as the specific configuration and optional equipment selected by the buyer. However, at the time of its production, the Gulfstream G-V had a list price of around $35 million to $45 million.
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Yacht Owners Database 2024
