Alexander Shchukin was born in Russia. New billionaire is one of the four co-owners of privately-held Sibuglemet, the largest coal supplier in Russia. Group has benefitted from rising coking coal prices. Graduate of Moscow mining institute began his career as a drift miner in one of the coal mines in Kemerovo region. Joined founding trio Anatoly Skurov, Vladimir Melnichenko and Valentin Bukhtoyarov (all billionaires) in 1999 after receiving a stake in the Polosukhinskaya coal mine, which became a part of the group. Also invests in dairy plants and agriculture in Kemerovo region.