Billionaire Profile

Global Rank

#3048

Image: https://www.youtube.com/watch?v=LNxO0QttO74 | CC BY 3.0 | via Wikimedia Commons

Andrei Krivenko

CEO, Retail

RUSSIA

Real-Time Net Worth

$1.108B

Estimated based on Retail stock value as of March 6, 2026

0% (24h)

Age

Source

Retail

Industry

Fashion & Retail

Citizenship

RUSSIA

Biography

Andrei Krivenko is a Russian billionaire, the visionary founder of VkusVill, a rapidly expanding food retail chain known for its focus on fresh, responsibly sourced products. At 50 years old, Krivenko's entrepreneurial journey began in 2009 with Izbenka, a fresh dairy product store, and culminated in the establishment of VkusVill in 2012. His career includes a previous role as CFO of Agama, a major Russian distributor of fish and seafood. Krivenko's innovative approach, which emphasizes healthy options and local producers, has driven VkusVill to become one of Russia's leading grocery chains, with over 1,600 stores across Russia. His net worth is estimated at $1.1 Billion, showcasing his remarkable achievements in the retail sector.

Fact Checked

Verified by Editorial Team

Live Data

Updated 3/6/2026

Wealth Over Time

Portfolio Holdings

VkusVill

In-Depth Profile

Early Life

Andrei Krivenko was born in 1975. Before his career as an entrepreneur, he served as the CFO of Agama, a major Russian distributor of fish and seafood.

Rise to Success

Krivenko's entrepreneurial journey started in 2009 with the founding of Izbenka, a store selling fresh dairy products. Building upon this success, he launched VkusVill in 2012. The chain focused on offering fresh and healthy products with short shelf lives, resonating with Russian consumers. VkusVill expanded rapidly, focusing on quality and customer experience and becoming one of the fastest-growing retailers in Russia. The company grew to over 1,600 stores.

Key Business Strategies

Krivenko's strategy centered on providing fresh, healthy products sourced from local producers. This approach, combined with a focus on customer experience, fueled VkusVill's rapid growth. In 2020, VkusVill opened its first international store in Amsterdam, the Netherlands, although it was later closed.

Philanthropy

In the IPO prospectus, Krivenko planned to donate 20% of his shares in VkusVill to eight key executives.

Career Milestones

2009

Founded Izbenka

Opened Izbenka, a store selling fresh dairy products.

2012

Founded VkusVill

Launched VkusVill, a grocery chain focusing on fresh, healthy products.

2020

International Expansion

Opened the first VkusVill store abroad in Amsterdam, Netherlands

Philanthropy & Social Impact

Employee Benefits

Employee Share Donation

$0.0

Planned to donate 20% of his shares in VkusVill to eight key executives.

Business Philosophy & Leadership

Notable Quotes

"“It is generally accepted that the company is a mechanism in which everything can be thought out so that it will last for many years. But that doesn't work in today's world. Especially online, people want companies to adapt to them. This means that you must be able to change every day.”"

Controversies & Challenges

2021

LGBT+ Ad Campaign

VkusVill launched and then suppressed an ad campaign featuring a same-sex couple, leading to significant reputational damage.

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