What is Andrei Molchanov's Net Worth?
Andrei Molchanov is a Russian politician and businessman who has a net worth of $1.65 billion. Molchanov successfully divides his time between politics and business serving both as 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). Born Andrey Yuryevich Molchanov on September 24, 1971 in Leningrad, he graduated from the economic faculty of the St. Petersburg State University in 1993. Five years later, Molchanov took his Master's degree from the Russian Academy of Public Administration, after which he also earned a doctorate in Economic Sciences from St. Petersburg State University.
It was in 1993 that he made his career beginnings with the setting up of Open Joint Stock Company LSR Group. Over the years, the company has turned into one of the leaders in the real estate and building materials in Russia. In 2007, he took it public and later went to work as vice president at VTB, which manages the infrastructure projects. When it comes to politics, he was first appointed the Assistant of the Russian Federation public health services and social development Minister in 2007. Today, he is the one to head the committee for economic politics of the Federation Council in Russia. Away from his busy working schedule, Andrei Molchanov is a husband and father of four.
