Vadim Moshkovich’s profile picture

Vadim Moshkovich

Vadim Moshkovich’s profile picture
Net worth 2018: $2.09 Billion
Residence: Moscow, Russia
Country: Russia
Children: 3
Education: Bachelor of Arts / Science, Moscow Institute of Radioengineering, Electronics and Automation
BIOGRAPHY

Vadim Moshkovich was born in Moscow, Russia, Russia. Vadim Moshkovich is #1187 in List Billionaires People In The World. Vadim Moshkovich started out selling apartments, vodka and oil in the early 1990s. Next he invested in land and created Rusagro, an agro-industrial holding company that became one of Russia's largest sugar and pork producers. Moshkovich spent eight years in the Russia's Federation Council, the upper house of parliament, before resigning in December 2014. He has been board chairman of Rusagro since May 2015. Moshkovich began construction on the Letovo International School, his charity project for talented children, in January 2017.

NET WORTH STATISTIC
2011

$1.6 Billion

2012

$1.8 Billion

2013

$2.1 Billion

2014

$1.3 Billion

2015

$1.9 Billion

2016

$2.3 Billion

2017

$2.3 Billion

2018

$2.09 Billion

TIMELINE
Vadim Moshkovich (Russian: Вадим Николаевич Мошкович, born 1967 in Moscow, Russia) is a Russian businessman and philanthropist. His business interests include major investments in agriculture and real estate development. His philanthropic activities focus on promoting high-quality education and development opportunities for gifted children. In 2014, Forbes magazine put his net worth at $1.3bn, 81st place among Russian businesspeople.Vadim Moshkovich was born in Moscow in 1967. He attended mathematical school #57 in Moscow, and graduated from the Moscow State Institute of Radio Engineering, Electronics and Automation in 1992. He is married and has three children.Agriculture Vadim Moshkovich entered the agricultural business in 1995, beginning with sugar imports. From 1997-2003 he began acquiring sugar processing plants, and in 2004 he established Rusagro Group. The company grew to become one of the largest vertically integrated agricultural holdings in Russia, working in four business segments:2013 year end revenue was R36bn ($1.1bn), and net profit was R20bn ($600 million). In 2011, Rosagro Plc. (main holding company of the Rusagro Group) conducted an IPO on the London Stock Exchange, raising ~$300 million. Vadim Moshkovich currently holds a 75% stake in the company. The company is expected to benefit from import substitution driven by Moscow’s ban on food imports from states that have imposed economic sanctions on Russia in 2014. Rusagro Group plans to expand its meat business to the Russian Far East, and to enter the markets of Central Asia.Real Estate Development Vadim Moshkovich controls Masshtab, one of the largest Russian development companies, focused on New Moscow (Novaya Moskva), an area which was absorbed by the City of Moscow in July 2012. The company has more than 2,580 hectares in New Moscow. Upon entering the real estate sector, Mashtab hired McKinsey & Company to study the world’s most successful cities. These studies resulted in a development plan which, in a break with typical post-Soviet practice, aims to create an urban space that provides not only new residential blocks, but also ample social and transport infrastructure, and to facilitate local job creation in line with global best practice. Moshkovich cited the City of Irvine, California as an example of a well planned new city built on former agricultural land that continues to attract residents and create local jobs. In 2013, Moshkovich donated 307 hectares of land to the City of Moscow to be used for the construction of an administrative and government center in New Moscow.Vadim Moshkovich is a member of the Federation Council (Russia), the Upper Chamber of the Russian Parliament, representing the Belgorod Region of the Russian Federation. He is a member of the Federation Council’s Committee on Economic Policy. His term at the Federation Council ends in October 2015.Vadim Moshkovich is currently funding a project to establish a school for gifted children in Kommunarka (in New Moscow). While tuition will be set at $10,000 per year, 50% to 75% of students will receive scholarships from the school. The school will aspire to place graduates at top 30 global universities. The cost of the project is $250 million.Moshkovich is a donor and a member of the Board of Trustees of the National Research University – Higher School of Economics in Moscow, and of the Belgorod State Research University. He is also a donor and a member of the Board of Trustees of the Jewish Museum and Tolerance Center in Moscow.Rusagro official website http://www.rusagrogroup.ru/en/
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