Billionaire Profile
Andrei Guryev & family
Global Rank
#337

Image: Public domain | via Wikimedia Commons

Andrei Guryev & family

CEO, PhosAgro
RU
Real-Time Net Worth
$9.5B
As of December 2025
Age
65
Source
Fertilizers
Industry
manufacturing
Citizenship
RU

Biography

Andrei Guryev, a prominent Russian businessman and former head of PhosAgro, is known for his significant role in the fertilizer industry. With an estimated net worth of $9.5 billion, Guryev and his family have built a substantial fortune through their ownership of PhosAgro, one of the world's largest producers of phosphate-based fertilizers. His career began in the 1990s, capitalizing on Russia's economic shifts. He later expanded the company's production and spearheaded environmental initiatives. His contributions, however, are shadowed by controversies relating to environmental damage and sanctions.

Wealth Over Time

In-Depth Profile

Early Life and Education

Andrei Grigoryevich Guryev was born on March 24, 1960, in Lobnya, a town near Moscow. He graduated in 1983 from the Russian State University of Physical Education, Sport, Youth and Tourism. He later earned a bachelor's degree in economics from the University of Greenwich in 2003 and a post-graduate certificate in Economics from St. Petersburg National Mineral Resources University in 2010.

Rise to Success

Guryev began his career in 1990 at the Menatep Group under Mikhail Khodorkovsky. He rose through the ranks, becoming chairman of Apatit, a Menatep subsidiary, in 2000. In 2004, he acquired control of PhosAgro. Guryev led PhosAgro to become a global player in the fertilizer market, with production facilities in Russia and sales in over 100 countries. He emphasized modernization, production expansion, and the development of environmentally friendly fertilizers.

Key Business Strategies

Guryev's key strategies included a focus on vertical integration and sustainable practices. PhosAgro's vertical integration allowed for control over the supply chain, from raw materials to distribution. The company invested in eco-friendly technologies, producing fertilizers with low cadmium content. Furthermore, PhosAgro's IPO on the Moscow Stock Exchange in 2011 significantly increased the valuation of Guryev's stake.

Philanthropy

Andrei Guryev supported sports and educational initiatives, particularly in regions associated with PhosAgro's operations.

Career Milestones

1990

Began career at Menatep Group

Started working under Mikhail Khodorkovsky.

2000

Chairman of Apatit

Appointed chairman of Apatit, a subsidiary of Menatep.

2004

Acquired control of PhosAgro

Gained control of PhosAgro, a key step in building his wealth.

2013

Stepped down as CEO of PhosAgro

Handed over the CEO role to his son, but remained a major shareholder and board member.

Philanthropy & Social Impact

Education and Sports

Support for sports and education

Unknown

Supported initiatives in regions connected with PhosAgro's operations.

Business Philosophy & Leadership

Notable Quotes

"Information not available."

Leadership Principles

Long-term growth

Focused on sustained expansion of PhosAgro.

Environmental stewardship

Committed to eco-friendly practices in fertilizer production.

Investing in human capital

Focused on the education and professional growth of employees.

Controversies & Challenges

2021

Environmental Damage

Accusations of pollution and ecological damage related to PhosAgro's operations, including toxic emissions and deforestation.

2022

Sanctions

Sanctioned by the UK government, the U.S., and the EU due to connections to Russia's government, and the war in Ukraine.

2019

Labor Exploitation

Accusations of suppressing labor unions and retaliating against activists.

Ongoing

Tax Evasion and Offshore Accounts

Allegations of tax evasion and money laundering through offshore companies.