Billionaire Profile
Andrei Skoch & family
Global Rank
#582

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Andrei Skoch & family

CEO, Metals and mining
RUSSIA
Real-Time Net Worth
$6.828B
Estimated based on Metals and mining stock value as of March 6, 2026
0% (24h)
Age
60
Source
Metals and mining
Industry
Metals & Mining
Citizenship
RUSSIA

Biography

Andrei Skoch is a prominent Russian businessman and politician, known for his significant contributions to the metals and mining industry. Born on January 30, 1966, Skoch has amassed a substantial net worth, estimated at $8.7 billion. His wealth primarily stems from his involvement with USM Holdings and Metalloinvest, one of the world's largest producers of iron ore and steel. Skoch began his career in the late 1980s and has since become a key figure in the Russian business landscape. Beyond his business ventures, Skoch has served as a member of the State Duma since 1999, demonstrating a commitment to public service and has been recognized for his philanthropic efforts.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Andrei Vladimirovich Skoch was born on January 30, 1966, in the village of Nikolskoye, near Moscow. After serving in the Soviet Army, he pursued higher education, studying at the Institute of Physical Culture. He later obtained a degree from the Moscow State University for Humanities named after M. A. Sholokhov, Faculty of Psychology.

Rise to Success

Skoch began his career in the late 1980s and entered the business world. He initially started a bakery and later ventured into selling computer components and fuel distribution. His career took a significant turn when he partnered with Alisher Usmanov in the metals business. Together with Lev Kvetnoi, they acquired Lebedinsky Mining and a steel production plant in Belgorod. This partnership led to the formation of Metalloinvest, a major player in the metals and mining sector. Skoch holds a significant stake in Metalloinvest through his family trust.

Key Business Strategies

Skoch's business strategy has focused on the metals and mining industry, particularly iron ore and steel production. His involvement with Metalloinvest, a leading producer, has been central to his wealth. Skoch's ability to forge successful partnerships and navigate the complexities of the Russian business environment has been instrumental in his achievements.

Political Career and Philanthropy

In 1999, Skoch entered the political arena, becoming a member of the State Duma, the lower house of the Russian parliament. He has been a consistent member since then. Skoch has been recognized for his philanthropic contributions, including his support for the Pokolenie Foundation. He has donated over $117 million to various causes, including the restoration of war monuments and support for Russian medical facilities.

Career Milestones

1995

Deputy General Director of Interfin

Joined Interfin investment company, later becoming Deputy General Director.

1999

Member of the State Duma

Elected as a member of the State Duma of the Russian Federation.

1999

Co-founded Metalloinvest

Co-founded Metalloinvest with Alisher Usmanov and Vasily Anisimov, a major player in the metals and mining industry.

Philanthropy & Social Impact

General Philanthropy

Pokolenie Foundation

$117M+

Significant contributions to various causes including medical facilities, historical preservation, and the restoration of war monuments.

Arts and Culture

Debut Literary Competition

Undisclosed

Sponsored a literary competition for young authors.

Business Philosophy & Leadership

Notable Quotes

"I would like to fly to Mars, even if it meant that it was a one-way trip."

Leadership Principles

Strategic Partnerships

Forming strong partnerships with key figures in the business world, such as Alisher Usmanov, to facilitate growth and success.

Commitment to Public Service

Serving as a member of the State Duma since 1999, demonstrating a commitment to public service.

Philanthropic Giving

Supporting various causes through significant charitable donations.

Controversies & Challenges

2018

US Sanctions

Sanctioned by the U.S. for alleged ties to Russian organized criminal groups, which he denied.

2022

EU and UK Sanctions

Sanctioned by the EU and UK.