Billionaire Profile
Andrei Kuzyaev
Global Rank
#2790

Image: Public domain | via Wikimedia Commons

Andrei Kuzyaev

CEO, ER-Telecom
RU
Real-Time Net Worth
$1.1B
As of December 2025
Age
60
Source
telecom, oil service, real estate
Industry
telecom
Citizenship
RU

Biography

Andrei Kuzyaev, a 60-year-old Russian entrepreneur, is primarily known for his investments in the telecom, oil service, and real estate sectors. With a net worth of $1.1 billion, Kuzyaev's wealth stems from his involvement with Luch Capital, an investment firm. His career includes significant roles at Lukoil, where he served as a vice-president, and later as the head of ER-Telecom, a major Russian broadband internet provider. Kuzyaev's achievements also encompass his role in founding and managing the Perm Financial and Production Group (PFPG), which was involved in various sectors including oil and gas and real estate.

Wealth Over Time

In-Depth Profile

Early Life

Andrei Ravelevich Kuzyaev was born on October 6, 1965, in Perm, Russia. His parents worked at a school and an engineering plant. As a child, he enjoyed swimming and boxing. He graduated with honors from Perm State University with a degree in Industrial Planning. During his studies, he participated in the construction detachment movement.

Rise to Success

Kuzyaev's career began with a role as an economist at the Perm factory Kommunar, followed by a position as an assistant in the Department of Political Economy at Perm State University. He was involved in the creation of the Perm Mercantile Exchange. He then served as the General Director of CJSC Lukoil-Perm from 1996 to 2003. Kuzyaev sold his stake in Lukoil-Perm to Lukoil in 2003. From 2000 to 2014, he was involved in Lukoil's international projects as the president of Lukoil Overseas. In 2015, Kuzyaev became the president of ER-Telecom. In 2018, he became the General Director of ER-Telecom.

Key Business Strategies

Kuzyaev's wealth is derived from Luch Capital, an investment firm whose portfolio includes ER-Telecom, the third-largest broadband internet provider in Russia. In 2022 Luch Capital rebranded from its former name Perm Financial and Industrial Group (PFIG), which Kuzyaev started in the 1990s. Kuzyaev's strategy included acquiring a stake in the IT company Sharks Data Center during the full-scale invasion of Ukraine. He has also been involved with the development of communications equipment for the Russian defense industry through his company Morion.

Philanthropy

Information regarding specific amounts of Kuzyaev's philanthropy could not be found.

Career Milestones

1987

Graduated from Perm State University

Graduated with honors with a degree in Industrial Planning.

1991-1993

Co-founder of Perm Mercantile Exchange

He helped create and managed the Perm Mercantile Exchange.

1996-2003

General Director of CJSC Lukoil-Perm

Headed CJSC Lukoil-Perm.

2000-2014

President of Lukoil Overseas

Managed Lukoil's international projects.

2015

President of ER-Telecom

Became the president of ER-Telecom.