Andrei Rogachev’s profile picture

Andrei Rogachev

Andrei Rogachev’s profile picture
Net worth 2018: $1.2 Billion
Country: Russia
BirthDay: 17 January 1964
Sigh: Aquarius
Children: 2
Education: Bachelor of Science in Engineering, Leningrad Meteorological Institute
BIOGRAPHY

Andrei Rogachev was bornon 17 January 1964 in Russia. Co-founder of Russian food discount chain Pyatyorochka (now X5 Retail Group) which merged in 2006 with Perekriostok, a majority-owned subsidiary of Russia's Alfa Group. Also co-founded grocery hypermarket chain Carousel which merged with X5 in 2009. Resigned from X5 board three years ago to be able to sell stock freely. His real estate assets not faring well; heavy debts and lawsuits are stunting Macromir, his St. Petersburg based development company and entities in his LEK Group are facing bankruptcy. Born in Tula, near Moscow; graduated from the Institute of Hydrometeorology in St. Petersburg. In early 1990s worked on the production of ecological-control instruments, participated in the creation of an electronic bourse and traded in imported food products before launching business.

NET WORTH STATISTIC
2011

$1.2 Billion

2018

$1.2 Billion

TIMELINE
2015

At the beginning of 2015, the chain contained more than 400 stores in the Central, North-Western and in the Urals Districts of Russia

2012

In 2012, Rogachev founded Verny, a chain of discounter stores «Vernii»

2010

From 2010 he mainly focused on real property investments and other food retail businesses

2008

As at 2008, Andrey Rogachev and Pavel Andreyev were co-owners of LEK, each owning 50% of the company

2006

Following the merger with retail chain Perekrestok in 2006, X5 Retail Group was created; their main shareholders are Alfa Financial Group; Pyaterocka founders received approximately 25% of the shares (mainly owned by Rogachev and Alexander Gidra)

1999

In February 1999 the company opened the first Pyaterochka store in St Petersburg; 15 more stores were opened by year-end

1998

In 1998, Andrey Rogachev and his partners registered Agrotorg LLC

1992

In 1992, Pavel Adreyev joined the company, after which the company's main focus shifted to real property

1989

In 1989, he created the Environmental Control Laboratory (LEK)

1981

In 1981 he entered the Leningrad Hydrometeorology Institute, where he graduated in 1986, majoring in Hydrology

1964

Andrey Rogachev was born on January 17, 1964 in Tula

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