ANDREY SKOCH • Net Worth $7 billion • House • Yacht • Private Jet • Metallo Invest

Name:Andrey Skoch
Net Worth:$ 7 billion
Source of Wealth:USM Holdings /MetalloInvest
Born:January 30, 1966
Wife:Yelena Likhach
Children:Nikita , Sofya, Aleksandra, Yuliya, Barbara Skoch, Dasha, 4 more
Residence:Sochi, Russia
Private Jet:Airbus A319 (P4-MGU)
YachtMadame Gu

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.

Key Takeaways:

  • 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.
  • He is owner of the Madame Gu Yacht.

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 philanthropist. Recognized as one of the Top 10 Donors by 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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Andrey Skoch

The Skoch Family: Life Beyond Business

Skoch, a father of 10, including quadruplets born in 1994, leads a vibrant family life. Despite being divorced, he continues to grow his family. His wife, Elena Likhach-Skoch, was pregnant with his 10th child in early 2016. The family resides in Moscow, reflecting the Russian cultural richness and familial bonds that mark Skoch’s personal life.

We believe his main residence is in Sochi, Russia. But the family owns residences in London and on the Cote D’Azur. The family also often resides in Monaco, onboard Madame Gu. Skoch has a custom-built ‘Disney’s Frozen’ themed swimming pool for his kids at his residence in Sochi.

Why Russian Billionaires Want to Live in Sochi?

Luxury Lifestyle

Russian billionaires are drawn to Sochi for its luxury lifestyle offerings. From high-end shopping and dining to exclusive golf clubs and marinas, the city provides a range of amenities that cater to the discerning tastes of the ultra-wealthy.

Privacy and Exclusivity

Many affluent individuals seek privacy, and Sochi’s luxury properties offer just that. These villas and apartments, often tucked away in exclusive locations, provide a secluded, tranquil environment away from the public eye.

Tax Benefits

Russia has a flat personal income tax rate, which can be an appealing factor for high-net-worth individuals. Furthermore, property tax rates are relatively low compared to many Western countries, making it financially attractive to own luxury real estate in Sochi.

Global Recognition

Owing to major events like the Winter Olympics and the Grand Prix, Sochi has gained global recognition. For Russian billionaires, owning property here is not just a lifestyle choice, but also a status symbol.

Cultural Connection

Finally, for Russian billionaires, living in Sochi provides a cultural connection. The city, while modern and cosmopolitan, retains a distinct Russian charm. It offers an opportunity to enjoy a high-quality lifestyle while staying connected to Russian culture and heritage.