Vladimir Melnichenko was born in Russia. New billionaire is one of the four co-owners of Sibuglemet, a coal mining company that is one of the country's largest coal suppliers. He oversees the company's coal exports. The group has benefitted from rising coking coal prices. Graduate of Kuzbass polytechnic institute started working at one of the coal mines in the Kemerovo region. With Anatoly Skurov and Valentin Bukhtoyarov (both billionaires) founded Sibuglemet in 1995; joined by Alexander Shchukin (also a billionaire) in 1999.