Billionaire Profile

Global Rank

#2782

Image: Public domain | via Wikimedia Commons

Kirill Minovalov

CEO, Avangard Bank

Real-Time Net Worth

$1.2B

As of December 2025

Age

Source

Agriculture, finance

Industry

diversified

Citizenship

Biography

Kirill Minovalov is a prominent Russian businessman, with an estimated net worth of $1.2 billion. His wealth is derived from his diversified business interests in agriculture and finance. Minovalov is best known as the founder and President of Avangard Bank, a key player in the Russian financial sector. His career began with the establishment of a consulting firm, Alcor, followed by the founding of Avangard Bank in 1994. Beyond banking, Minovalov has invested in various sectors including agriculture through Avangard-Agro, and the food industry via Avangard Malz, a malting company. He has been recognized for his success, appearing in Forbes' list of the wealthiest individuals in Russia.

Wealth Over Time

Portfolio Holdings

Avangard Malz

Avangard-Agro

In-Depth Profile

Early Life

Kirill Vadimovich Minovalov was born in Moscow on April 22, 1971. He graduated from the Moscow Institute of Railway Engineers in 1993, with a degree in Systems Engineering. His educational background provided a foundation for his career in the business world.

Rise to Success

Minovalov began his career in the early 1990s during Russia's economic reforms. In 1991, he founded Alcor, a consulting firm. His pivotal move came in 1994 when he founded Avangard Bank, where he currently serves as President and Chairman. Under his leadership, Avangard Bank has grown significantly, with numerous offices across Russia.

Key Business Strategies

Minovalov's business strategy involves diversification across multiple sectors. Besides banking, he has invested in agriculture through Avangard-Agro and in the food industry through Avangard Malz, the largest malting company in Germany. His focus on efficient operations and strategic investments has contributed to his financial success.

Philanthropy

Information on Kirill Minovalov's specific philanthropic initiatives and amounts could not be found through search.

Career Milestones

1991

Founded Alcor Consulting Firm

Established a consulting firm, marking the beginning of his entrepreneurial journey.

1994

Founded Avangard Bank

Founded the bank Avangard, serving as its president and chairman.

2006

Acquired Avangard Malz

Bought assets of Weissheimer Malz and created the malting company Avangard Malz.

Controversies & Challenges

2011

Domodedovo Airport Accident

Minovalov was alleged to have been a passenger in a vehicle cortege involved in a fatal accident near Domodedovo Airport.

2012

Threats from Bank Security

An employee of Avangard Bank's security service was accused of making threats.