Early Life
Albert Alikovich Avdolyan was born on November 8, 1970, in Krasnodar, RSFSR, USSR. Details about his early life and childhood remain private.
Rise to Success
Avdolyan's career is marked by significant achievements in various industries. In 2007, he co-founded Scartel Telecommunications Company with Sergey Adoniev. In 2008, he launched wireless Internet access using WiMAX technology under the Yota brand, becoming the first LTE operator in Russia in 2011. Avdolyan entered the capital of a group of enterprises for mineral fertilizers and ligatures in 2018. His strategic investments include taking complete ownership of the Elga coal complex in 2020 and merging major coal assets into ELSI Coal Company in 2022. He acquired the Yakut Fuel and Energy Company (YATEC) in 2019, rescuing it from bankruptcy.
Key Business Strategies
Avdolyan's key business strategies include strategic investments in the energy sector, particularly coal mining and infrastructure development. He focused on acquiring and developing key assets, such as the Elga coal deposit, and consolidating them under ELSI Coal Company. The Pacific Railway infrastructure megaproject further demonstrates his commitment to enhancing Russia's coal industry infrastructure.
Philanthropy
Aside from his business acumen, Avdolyan's philanthropic efforts, particularly the founding of the "New Home" charitable foundation in 2013, underscore his dedication to aiding disadvantaged children. The foundation aims to build educational complexes for orphans and disabled children, with the first one being "Point of the Future" in Irkutsk.
