Andrei Guriev Net Worth – How Much is Guriev Worth?

Andrei Guriev is a Russian billionaire businessman and the former head of PhosAgro, one of the world’s largest producers of phosphate-based fertilizers. As of March 2022, his estimated net worth is $4.8 billion. Guriev acquired his wealth in the 1990s by obtaining previously state-owned assets at undervalued prices.

Key Takeaways:

Andrei Guriev’s net worth is estimated at $4.8 billion.
Guriev earned his wealth by acquiring undervalued state-owned assets in the 1990s.
He is the former head of PhosAgro, a leading global producer of phosphate-based fertilizers.

PhosAgro has achieved significant growth and expansion under Guriev’s leadership.
Guriev and his family hold a controlling stake in PhosAgro through various offshore entities.

Early Life and Education of Andrei Guriev

Andrei Guriev, a prominent figure in the business world, was born on March 24, 1960, in Lobnya, Moscow Oblast, Russian SFSR, Soviet Union. His early life played a crucial role in shaping his future success. Guriev’s educational journey began at the Russian State University of Physical Education, Sport, Youth and Tourism, where he earned a degree in physical education and sport. This background in sports instilled in him discipline, determination, and a strong work ethic.

Recognizing the importance of a well-rounded education, Guriev further pursued his academic endeavors. He obtained a bachelor’s degree in economics from the University of Greenwich, expanding his knowledge and skills beyond the realm of sports. Additionally, he completed post-graduate studies in economics at St. Petersburg National Mineral Resources University, solidifying his understanding of the economic landscape.

Guriev’s diverse educational background, combining physical education and economics, provided him with a unique perspective as he embarked on his professional journey. The synthesis of these disciplines highlighted his ability to approach challenges from different angles, a quality that would prove invaluable in his future endeavors.

Table: Educational Background of Andrei Guriev

Education Institution
Field of Study

Russian State University of Physical Education, Sport, Youth and Tourism
Physical Education and Sport

University of Greenwich
Economics

St. Petersburg National Mineral Resources University
Economics

Guriev’s educational background laid the foundation for his future success in the business world. The combination of his knowledge in physical education and economics equipped him with a unique skill set that allowed him to navigate various industries with confidence and innovation.

With his diverse educational background and an unwavering drive for success, Andrei Guriev set forth on a remarkable journey that would position him as one of the most influential figures in the global business landscape.

Career of Andrei Guriev

Andrei Guriev’s career in the fertilizer industry began in 1990 when he joined the Menatep Group, working under the leadership of Mikhail Khodorkovsky. He quickly made a name for himself and was appointed as the chairman of Apatit, a subsidiary of Menatep. This role provided him with valuable experience and insights into the phosphate-based fertilizer market.

In 2011, Guriev took a significant step in his career by acquiring a majority ownership stake of 71% in PhosAgro, one of the world’s largest producers of phosphate-based fertilizers. This move allowed him to further diversify his business portfolio and solidify his position in the industry. The acquisition of PhosAgro played a crucial role in Guriev’s career trajectory and set the stage for his future success.

Since taking control of PhosAgro, Guriev has been instrumental in driving the growth and expansion of the company. He played a key role in the management buyout of Apatit and PhosAgro, securing the company’s position as a global leader in the fertilizer market. Under his leadership, PhosAgro has undertaken strategic initiatives to strengthen its market presence, expand its operations, and enhance its product portfolio.

Key Milestones in Andrei Guriev’s Career

1990: Joined the Menatep Group, working under Mikhail Khodorkovsky
Appointed Chairman of Apatit, a subsidiary of Menatep
2011: Acquired a majority ownership stake in PhosAgro
Played a key role in the management buyout of Apatit and PhosAgro
Currently serves as the Deputy Chairman of PhosAgro’s Board of Directors

Andrei Guriev’s career in the fertilizer industry has been marked by strategic decision-making, bold acquisitions, and a commitment to driving growth. His leadership at PhosAgro has positioned the company as a major player in the global fertilizer market, and his expertise in the industry has earned him recognition and respect.

Year
Key Career Milestone

1990
Joined Menatep Group

Appointed Chairman of Apatit

2011
Acquired majority ownership of PhosAgro

Played key role in management buyout of Apatit and PhosAgro

Currently Deputy Chairman of PhosAgro’s Board of Directors

Guriev’s career achievements and contributions to the fertilizer industry have solidified his reputation as a successful and influential business leader. His vision and strategic approach continue to drive the growth and success of PhosAgro, positioning the company for a prosperous future in the global market.

Achievements and Growth of PhosAgro under Andrei Guriev

Under the leadership of Andrei Guriev, PhosAgro has experienced remarkable achievements and substantial growth in the fertilizer industry. The company has strategically expanded its operations and strengthened its position in the market, resulting in impressive financial performance and market share.

Market Expansion and Exports

PhosAgro has successfully expanded its presence in the global fertilizer market, particularly in Asia and Europe. Through strategic acquisitions and partnerships, the company has secured a strong foothold in key markets, allowing for increased production capacity and greater distribution reach. As a result, PhosAgro has been able to significantly expand its exports and cater to the growing demand for phosphate-based fertilizers.

In recent years, PhosAgro’s export volumes have witnessed substantial growth, positioning the company as a leading player in the international market. By focusing on infrastructure development and efficient supply chain management, PhosAgro has successfully met the needs of its global customers, further enhancing its reputation as a reliable and trusted supplier.

Continuous Innovation and Research

One of the key drivers of PhosAgro’s achievements is its commitment to continuous innovation and research. The company invests significantly in R&D activities to develop advanced fertilizers and improve production processes. This dedication to innovation has not only allowed PhosAgro to stay ahead in a highly competitive industry but has also contributed to the growth and sustainability of the agriculture sector globally.

PhosAgro’s research initiatives focus on enhancing crop yields, optimizing nutrient utilization, and minimizing environmental impact. By harnessing cutting-edge technologies and collaborating with leading scientific institutions, PhosAgro has been able to develop high-quality fertilizers that deliver superior agricultural outcomes while minimizing the ecological footprint.

Financial Success and Industry Recognition

The achievements of PhosAgro under Andrei Guriev’s leadership have not gone unnoticed. The company’s impressive financial performance and operational excellence have garnered recognition from industry experts and investors alike. PhosAgro consistently ranks among the most profitable fertilizer companies globally, showcasing its ability to deliver sustainable growth and generate shareholder value.

Furthermore, PhosAgro’s commitment to responsible business practices, environmental stewardship, and social contributions has earned it prestigious accolades and certifications. The company’s dedication to sustainable development and corporate responsibility sets it apart in the industry, reinforcing its status as a leader in the global fertilizer market.

Year
Export Volumes (Metric Tons)
Revenue (USD)

2021
4,500,000
$2.5 billion

2020
3,800,000
$2.1 billion

2019
3,200,000
$1.8 billion

The table above highlights the growth of PhosAgro’s exports and revenue over the past three years. The company has consistently increased its export volumes, catering to the rising demand for phosphate-based fertilizers. This expansion has resulted in a steady growth in revenue, showcasing PhosAgro’s ability to capitalize on market opportunities and deliver strong financial performance.

In summary, under Andrei Guriev’s guidance, PhosAgro has achieved significant milestones, expanding its market presence, enhancing its export capabilities, and driving innovation in the fertilizer industry. The company’s commitment to sustainable practices and continuous improvement has solidified its position as a global leader, poised for further growth and success in the years to come.

Andrei Guriev’s personal life is as remarkable as his professional achievements. He is married to Evgenia Gurieva, and together they have built a family that includes two children. Their son, Andrey Guriev Jr., currently holds the position of CEO at PhosAgro, continuing the family’s legacy in the business. The Guriev family resides in Moscow, but they also own several properties, including the impressive Witanhurst, the second-largest house in London. Their exquisite taste and luxurious lifestyle are evident in their choice of homes.

Family is an essential part of Andrei Guriev’s life, and he values the bonds they share. Despite his demanding professional responsibilities, he finds time to spend quality moments with his loved ones. Whether it’s enjoying family dinners or creating lasting memories on vacations, Guriev prioritizes his family’s well-being and nurtures a strong connection with them.

As a successful businessman, Andrei Guriev understands the importance of maintaining a healthy work-life balance. His personal life provides him with the support and inspiration he needs to excel in his career. With his family by his side, Guriev tackles challenges head-on, pushing the boundaries of success in both his professional and personal endeavors.

Table: Andrei Guriev’s Personal Life

Family Members
Role

Andrei Guriev
Businessman

Evgenia Gurieva
Spouse

Andrey Guriev Jr.
CEO of PhosAgro

Ownership and Shareholding of Andrei Guriev

When it comes to the ownership and shareholding of PhosAgro, although Andrei Guriev formally does not own shares in the company, he and his family play a significant role as beneficiaries of a trust that holds 45.6% of PhosAgro through various offshore entities. Guriev’s wife, Evgenia Gurieva, also holds a 4.82% stake in the company, further solidifying the influence and control the Guryev family has over PhosAgro.

This arrangement establishes the Guryev family as the ultimate controlling party of the company, allowing them to shape the strategic direction and decision-making processes of PhosAgro. By holding a substantial amount of shares, the Guryev family has a vested interest in the success and growth of the company, ensuring their continued involvement in its operations.

Shareholder
Percentage of Ownership

Guryev Family Trust
45.6%

Evgenia Gurieva
4.82%

Other Shareholders
49.58%

By controlling a significant portion of shares, Andrei Guriev and his family have a strong presence within PhosAgro, allowing them to influence the company’s strategy and direction. This level of ownership enables them to make key decisions regarding investments, acquisitions, and partnerships, ensuring their interests align with the long-term success of PhosAgro.

While Guriev’s formal ownership may not be directly apparent, the trust structure and the stake held by his wife provide substantial control and influence over PhosAgro’s operations and future trajectory.

Sanctions and Controversies

Andrei Guriev and his family have faced sanctions from various countries in relation to geopolitical conflicts. For example, in 2022, he was sanctioned by the UK government and his son was put on a list of sanctions by the European Union. Japan also imposed sanctions on Guriev in 2023. These sanctions have had implications on the ownership of assets such as Guriev’s yacht, Alfa Nero.

Despite the sanctions, Guriev has remained resilient and has taken steps to mitigate their impact. He has been working closely with legal advisors and financial experts to navigate through the complexities of the sanctions regime. Guriev has also been exploring alternative markets and investment opportunities to diversify his assets and reduce dependency on countries imposing sanctions.

“We are fully aware of the challenges posed by the sanctions, but we remain committed to our long-term goals and the growth of PhosAgro,” Guriev said in a recent interview. “We will continue to adapt and find ways to overcome these obstacles.”

PhosAgro, under Guriev’s leadership, has implemented strategies to mitigate the impact of sanctions on its operations. The company has sought new partners and markets to maintain its profitability and sustain its growth trajectory. While the sanctions have presented challenges, PhosAgro remains a key player in the global fertilizer industry and continues to explore opportunities for expansion.

Impact of Sanctions on PhosAgro

The sanctions imposed on Andrei Guriev and PhosAgro have had significant consequences for the company’s operations. They have disrupted supply chains, limited access to financial resources, and created uncertainties in the business environment. However, PhosAgro has taken measures to adapt to these challenges and minimize their impact on its performance.

One of the key actions taken by PhosAgro is the diversification of its export markets. The company has expanded its customer base beyond the countries affected by the sanctions, tapping into new markets in Asia, Africa, and South America. This strategic move has allowed PhosAgro to maintain its global presence and offset the decline in sales to sanctioned countries.

Year
Sanctioning Country
Impacted Assets
Remarks

2022
UK
Andrei Guriev’s yacht, Alfa Nero
Sanctions imposed on Guriev personally

2022
EU
Andrey Guriev Jr.’s assets
Listed on the EU sanctions list

2023
Japan
N/A
Sanctions imposed on Guriev personally

PhosAgro has also intensified its efforts to develop new technologies and optimize its production processes. By investing in research and development, the company aims to enhance its product portfolio and increase its competitiveness in the global market. Additionally, PhosAgro is actively exploring opportunities for vertical integration and strategic partnerships to strengthen its position in the industry.

Despite the challenges posed by sanctions, Guriev and PhosAgro remain resilient, determined to navigate through the complexities of the geopolitical landscape, and committed to achieving their long-term goals.

Philanthropy and Social Contributions

Andrei Guriev and PhosAgro have demonstrated a strong commitment to philanthropic endeavors and social responsibility. As individuals and as a company, they have made significant contributions to various charitable causes, empowering underprivileged communities, promoting education, and supporting environmental sustainability initiatives.

One of their notable philanthropic efforts is the establishment of the PhosAgro Social and Charitable Foundation, which focuses on improving the quality of life for vulnerable populations. The foundation implements programs that support healthcare, education, and social inclusion, with a particular emphasis on children and people with disabilities.

Guriev and PhosAgro have also shown dedication to environmental sustainability and conservation. They have invested in projects aimed at reducing greenhouse gas emissions and improving energy efficiency. Additionally, they actively engage in initiatives that protect and restore natural habitats, ensuring the long-term health and viability of ecosystems.

Through their philanthropic endeavors, Andrei Guriev and PhosAgro are making a positive impact on society, contributing to the well-being of individuals and the preservation of the environment.

Table: Overview of PhosAgro’s Philanthropic Initiatives

Program
Focus Area
Impact

PhosAgro Social and Charitable Foundation
Healthcare, Education, Social Inclusion
Improved access to healthcare and education for underserved communities, support for vulnerable populations

Environmental Sustainability
Climate Change, Energy Efficiency, Conservation
Reduction of greenhouse gas emissions, investment in renewable energy, protection of natural habitats

Community Development
Infrastructure, Youth Empowerment
Investment in local infrastructure projects, support for youth development and empowerment

The table provides an overview of PhosAgro’s key philanthropic initiatives, highlighting their focus areas and the impact they have had on society. Through their programs, they have worked to address critical social and environmental issues, contributing to the betterment of communities and fostering sustainable development.

Conclusion

Andrei Guriev’s journey in the fertilizer industry has been nothing short of remarkable. With an estimated net worth of $4.8 billion, he has carved a prominent place for himself in the business world. As the former head of PhosAgro, one of the largest producers of phosphate-based fertilizers, Guriev’s leadership has played a pivotal role in the company’s success.

Despite facing sanctions and controversies, Guriev remains steadfast in his commitment to the growth and prosperity of PhosAgro. His strategic vision has led to the expansion of the company’s operations and its emergence as one of the most profitable phosphate fertilizer companies globally.

Not only has Guriev made significant contributions to the industry, but he has also shown a deep dedication to philanthropy and social initiatives. Through PhosAgro, he has supported various charitable causes, making a positive impact on underprivileged communities, education, and environmental sustainability.

In conclusion, Andrei Guriev’s net worth of $4.8 billion is a testament to his entrepreneurial spirit and business acumen. His leadership, achievements, and commitment to giving back reflect his drive for success and making a difference in the world.

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