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Rank #390
Andrei Skoch & family
$6071.6B
Moscow, , Russia
Metals & Mining
Biography
Andrei Skoch has been a member of the State Duma, Russia's legislative body, since 1999.
He and his former partner Lev Kvetnoi were born in a settlement near Moscow and studied at the same athletics school, Institute of Physical Culture.
The partners merged their business with that of billionaire Alisher Usmanov. Kvetnoi later sold out.
As a member of the Duma, he isn't allowed to own stakes in businesses so his shares in USM are held by his father Vladimir and his daughter Varvara.
Skoch was sanctioned by the U.S. in 2018 for "longstanding ties to Russian organized criminal groups," which he has denied. The EU and U.K. sanctioned him in 2022.