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# Andrey Skoch

Random fact: Founder and sponsor of the Debut literary award.

Overview

Skoch is a partner in USM Holdings, an investment company controlled by Russian billionaire Alisher Usmanov. The British Virgin Islands-based entity is closely held and owns iron ore producer Metalloinvest, cell phone company MegaFon, as well as stakes in technology businesses, including JD.com.

As of Sept. 22, 2017:
Last change ()
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Industry Diversified
Biggest asset N/A
Citizenship Russian Federation
Age 48
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Andrey Skoch's net worth of can buy ...

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Net Worth Summary

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Biography

Birthdate: 1/30/1966
Family: Married, 9 children
Education: 1998, Moscow State Open Pedagogical University, Graduated

Andrey Skoch was born in 1966, near Moscow, where his father was a worker at the Sokol aircraft factory. Skoch began his two-year service in the Soviet Army in 1984 and, in 1986, opened a Moscow bakery with an army friend, Lev Kvetnoy. Later the two partners sold imported personal computers, and eventually expanded to gasoline and other petroleum products.

The partners met Alisher Usmanov in 1992, taking out a loan with him to help fund their wholesale tobacco business. In 1995, they joined his investment company, Interfin, which was focused on buying shares of state-owned steel plants being privatized after the fall of the Soviet Union. Interfin had acquired controlling stakes in Lebedinsky GOK, Russia's largest iron producer, and Oskol steel plant, its seventh-largest steel producer, by 2001, and Kvetnoy left the partnership four years later, selling his stake in the business back to his partners for about $2 billion.

Usmanov and Skoch then joined with fellow metals plant investor, Vasily Anisimov, and consolidated the assets as Metalloinvest, with Usmanov controlling 50 percent, Skoch 30 percent and Anisimov 20 percent. In 2011, after the partners acquired Mikhailovsky GOK, Russia's second-largest iron ore producer, Anisimov sold his 20 percent stake in Metalloinvest to state-run VTB Bank and, a year later, it was bought back by Usmanov, Skoch and a third partner, Ardavan Farhad Moshiri, an Usmanov adviser turned business partner. The three partners created British Virgin Islands-based USM Holdings that same year, consolidating their holdings in a three-way structure controlled by Usmanov.

Skoch was elected as a deputy of the State Duma, Russia's main legislative body, for the first time in 1999, and is serving as a representative for the Belgorod region. To shield himself from public criticism, he has since transferred ownership of the fortune he built to his father, Vladimir. He has been elected to the Duma five times.

Milestones
  • 1966 Skoch is born in the Moscow region.
  • 1984 Begins his two-year service in the Soviet Army.
  • 1988 Starts his first business with Lev Kvetnoy.
  • 1991 Begins with Kvetnoy to trade petrol and other oil products.
  • 1995 Joins investment company Interfin, founded by Alisher Usmanov.
  • 1998 Graduates from Moscow State Pedagogical University.
  • 1999 Elected deputy in the Russia's Duma, the main legislative body.
  • 2005 Departs with his long-time business partner Lev Kvetnoy.
  • 2006 Founds with Alisher Usmanov and Vasily Anisimov Metalloinvest.
  • 2012 Establishes USM Holdings with Moshiri and Usmanov.