Andrey Molchanov (businessman)

Andrey Yuryevich Molchanov (Russian: Андрей Юрьевич Молчанов; born September 24, 1971) is a Russian politician. He is the representative of the Leningrad Oblast in the Council of Federation of the Federal Assembly of the Russian Federation, and the founder and major shareholder of LSR Group (OJSC).

Andrey Molchanov
former Senator from the Leningrad Oblast
In office
January 30, 2008 – 2013
Nominated byValeriy Serdyukov
former Chairman of the Council of Federation Committee on the Commonwealth of Independent States Issues
In office
December 2009 – 2013
Personal details
Born (1971-09-24) September 24, 1971
Saint Petersburg, Russia
NationalityRussian
Alma materSaint Petersburg State University
ProfessionPolitician

Education

In 1993 graduated from the economic faculty of the St. Petersburg State University, in 1998 graduated from the Russian Academy of Public Administration under the President of the Russian Federation (RAPA). Andrey Molchanov also holds a doctorate in Economic Sciences.[1]

Business

In 1993 founded and was president till 2007 of Open Joint Stock Company LSR Group, one of the leading real estate development, construction and building materials companies of Russia.[2] Originally, at the LSR Group, his friends Grigory Vedernikov, Georgy Bogachev, Igor Levit, and Yevgeny Yatsyshin were the top management who received support from Mikhail Romanov, who was the general director of Stroydetal OJSC (Russian: ОАО "Стройдеталь") and is an uncle of Andrey Molchanov (Russian: Михаил Романов; b. 1957).[3][4][5] While Molchanov was on the council of the federation committee of the federal assembly, Mikhail Romanov was the Chairman of the Board at the LSR Group.[6]

Later, after leaving his post on the council of the federation committee of the federal assembly of the Russia federation in 2013, he returned to the LSR Group and became chairman of the board of directors from April 2013 until April 2015 and again from August 2018 to 2019.[3] He has been Chairman of the Strategy and Investment Committee with the LSR Group since April 2015 and, since May 2015, the General Director, Chairman of the Management Board at the LSR Group.[3] In 2015, he became a member of the board of directors with Razvitie LLC, and, between March 2016 and 2019, he was the President of the Association of National Association of Builders.[3]

In April 2019, he reduced his ownership shares of the LSR Group to 50.33% by selling shares (9.71%) after which Forbes listed his wealth at $950 million.[7]

He has been the General Director of the LSR Group since June 2019.[3]

During the Trump Tower Moscow deal before Donald Trump became United States President, Andrey Molchanov owned the property at the location for the new Trump Tower in Moscow.[8][9]

Politics

In 2007 was appointed the Assistant of the Russian Federation public health services and social development Minister.[2]

Andrey Molchanov was a member of the Federation Council representing Valeriy Serdyukov, the Governor the Leningrad Oblast (elected in January 2008),[1] and the Chairman of the Council of Federation Committee on the Commonwealth of Independent States Issues (elected in December 2009).[1] Representing the Leningrad Region, he was on the Council of the Federation of the Federal Assembly for the Russian Federation from 2008 until 2013.[3]

Oligarchs list

In January 2018, Andrey Molchanov made the United States Department of Treasury "Oligarchs List" of persons who are close to Vladimir Putin.[10]

Family

Andrey Molchanov is married, has six children.[3][11]

His father, Yuriy Molchanov, as the KGB rezident and vice rector for international relations at Leningrad State University (LSU), is a business partner with Vladimir Putin, who was the elder Molchanov's plain clothes KGB assistant rector for international relations at LSU, through a joint venture formed during the spring 1991 with Procter & Gamble in which both Putin and the elder Molchanov received a 1% share total of the joint venture. The joint venture was formed to allow Procter & Gamble to enter the market in the Soviet Union and later, after the collapse of the Soviet Union in August 1991, Russia. Both the elder Molchanov and Putin received soap and detergent from Procter & Gamble as well.[12][13][14] Later, Yuriy Molchanov became the Vice Governor for investment affairs for St. Petersburg which enabled Andrey Molchanov to rapidly expand his wealth.[12]

References
  1. "Molchanov Andrey Yuriyevich" МОЛЧАНОВ АНДРЕЙ ЮРЬЕВИЧ. совет федерации / Члены Совета Федерации website (Federation Council / Federation Council Members website) (in Russian). Archived from the original on 4 April 2008. Retrieved 23 August 2008.
  2. Лоссан, Алексей (Lossan, Alexey) (28 January 2008). Андрей Молчанов: дома из песка и тумана [Andrey Molchanov: houses made of sand and fog]. Rospres (in Russian). Archived from the original on 22 January 2009. Retrieved 13 March 2020.
  3. "Molchanov Andrey Yuriyevich" Молчанов Андрей Юрьевич. Delovoy Peterburg (in Russian). Archived from the original on 21 February 2020. Retrieved 13 March 2020.
  4. Школин, Андрей (Shkolin, Andrey); Арановская, Маргарита (Aranovskaya, Margarita) (16 June 2010). Лидеров первой десятки теснят "друзья Путина" во главе с Геннадием Тимченко [Leaders of the top ten are crowded by "friends of Putin" led by Gennady Timchenko]. Финанс. (Finance.) (in Russian). Archived from the original on 18 June 2010. Retrieved 13 March 2020.
  5. Жданова, Татьяна (Zhdanova, Tatyana) (27 June 2017). Волны приватизации: что надо было купить в 1994 году, чтобы стать миллиардером: Редакция "ДП" к 25-летнему юбилею первых приватизационных сделок в Петербурге изучила судьбу 130 крупных городских объектов, попавших в первые две крупные волны приватизации в 1992 и 1994 годах. Многие из них стали основой для капиталов будущих петербургских миллиардеров. [Waves of privatization: what you had to buy in 1994 to become a billionaire: The editors of DP on the 25th anniversary of the first privatization deals in St. Petersburg studied the fate of 130 large city facilities that fell into the first two large waves of privatization in 1992 and 1994. Many of them became the basis for the capital of future St. Petersburg billionaires.]. Delovoy Peterburg (in Russian). Retrieved 13 March 2020.
  6. Pribylovsky, Vladimir. "Molchanov Andrey Yuriyevich" Молчанов Андрей Юрьевич. anticompromat.org (in Russian). Archived from the original on 20 November 2019. Retrieved 13 March 2020.
  7. Voronova, Tatiana; Golubkova, Katya (29 May 2019). "Main Shareholder in Russian Homebuilder LSR to Keep Control". US News. Reuters. Retrieved 13 March 2020.
  8. Alexander, Dan; Behar, Richard (23 May 2019). "The Truth Behind Trump Tower Moscow: How Trump Risked Everything For A (Relatively) Tiny Deal". Forbes. Retrieved 12 March 2020.
  9. Alexander, Dan; Behar, Richard (23 May 2019). "Trump Tower Moscow: TowerGate Relationships". Forbes. Retrieved 12 March 2020.
  10. "Russian Individuals Named on US 'Oligarch List'". VOA. 30 January 2018. Retrieved 13 March 2020.
  11. Молчанов Андрей Юрьевич [Molchanov Andrey Yuriyevich] (in Russian). Archived from the original on 25 June 2010. Retrieved 9 April 2010.
  12. Досье на Путина в Санкт-Петербурге. Наркотики, бандиты, воровство и КГБ [Dossier on Putin in St. Petersburg. Drugs, bandits, theft and the KGB]. Rospres (in Russian). 15 January 2010. Archived from the original on 16 January 2010. Retrieved 13 March 2020.
  13. Юрий Молчанов: человек с выгодными знакомствами-1 [Yuri Molchanov: a person with profitable acquaintances-1]. Rospres (in Russian). 12 February 2004. Archived from the original on 11 December 2011. Retrieved 13 March 2020.
  14. Юрий Молчанов: человек с выгодными знакомствами-2 [Yuri Molchanov: a person with profitable acquaintances-2]. Rospres (in Russian). 12 February 2004. Archived from the original on 7 December 2011. Retrieved 13 March 2020.
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