Billionaire Profile
Andrei Skoch & family
Global Rank
#430

Image: Public domain | via Wikimedia Commons

Andrei Skoch & family

CEO, Metalloinvest
RU
Real-Time Net Worth
$7.4B
As of December 2025
Age
59
Source
Metals and mining
Industry
diversified
Citizenship
RU

Biography

Andrei Skoch, born in 1966, is a Russian billionaire primarily involved in the Metals and mining industry. He is a prominent figure in Russian business and politics, having served as a member of the State Duma since 1999. Skoch's wealth stems from his significant stake in USM Holdings, with assets in metallurgy and mining. He is known for his extensive philanthropic work through the Pokolenie Foundation, donating over $117 million to various charitable causes. Despite facing sanctions, Skoch remains a key figure in Russia's economic and political landscape.

Wealth Over Time

In-Depth Profile

Early Life and Career

Andrei Vladimirovich Skoch was born on January 30, 1966, in the village of Nikolskoye, Moscow region. After serving in the Soviet Army, he pursued higher education and graduated from the Institute of Physical Culture. He later obtained a degree in psychology from the Moscow State University for Humanities named after M. A. Sholokhov. Skoch's career began in the late 1980s with various entrepreneurial ventures, including a bakery and the sale of computer components.

Rise to Success

Skoch's path to wealth took a significant turn in 1995 when he joined Alisher Usmanov in the metals business. Together, they acquired Lebedinsky Mining and a steel production plant in Belgorod. He became Deputy General Director at JSC Lebedinsky GOK in 1999. Skoch holds a 30% stake in Metalloinvest, although these shares are reportedly held in his father's name. Metalloinvest, formed in 2006, is a leading producer of iron ore and steel.

Key Business Strategies and Political Career

Skoch's business acumen, combined with his political career, has solidified his position. He has been a member of the State Duma since 1999, representing the Belgorod region. As a deputy, he has been involved in numerous legislative initiatives. In 2020, Skoch transferred 2.3 billion rubles to the Belgorod Region's budget for the construction and renovation of social facilities.

Philanthropy

Skoch is also known for his philanthropic endeavors through the Pokolenie Foundation (formerly Healthy Generation), established in 1996. The foundation supports various causes, including medical institutions, cultural projects, and youth development. Skoch has donated over $117 million to charitable causes. His charitable work extends to supporting veterans, families with multiple children, and cultural workers.

Career Milestones

1995

Joined Alisher Usmanov in the metals business

Began investing in the metals industry through the company Interfin.

1999

Became a member of the State Duma

Representing the Belgorod region.

1996

Founded the Pokolenie Foundation

Established for charitable purposes, initially focused on supporting children with heart diseases.

2006

Metalloinvest formed

Usmanov formed the Metalloinvest conglomerate, with Skoch as a partner.

Philanthropy & Social Impact

Charity

Pokolenie Foundation

$117M+

Supports medical institutions, cultural projects, and young talent.

Culture

Debut Prize

$0.33M+

A literary award for young authors.

Controversies & Challenges

2018

U.S. Sanctions

Sanctioned by the U.S. Treasury Department for alleged ties to Russian organized criminal groups.

2022

EU and UK Sanctions

Sanctioned by the EU and the UK for supporting actions undermining Ukraine's territorial integrity.