Andrey Guryev

Andrey Grigoryevich Guryev (Russian: Андре́й Григо́рьевич Гу́рьев) (born 24 March 1960) is a Russian billionaire, the former head of PhosAgro, one of the four largest producers of phosphate-based fertilizers in the world.

Andrey Guryev
Born (1960-03-24) 24 March 1960
NationalityRussian
Alma materRussian State University of Physical Education, Sport, Youth and Tourism
OccupationBusinessman
Net worthUS$5.33 Billion (Jan 2021)[1]
TitleFounder & CEO, PhosAgro
Spouse(s)Evgenia
ChildrenAndrey Guryev, Jr.
Yulia Guryeva-Motlokhov
RelativesAlexei Motlokhov (son-in-law)

He is vice president of the Russian Union of Chemists.[2]

Early life

Guryev was born in Lobnya, a town 27 kilometers (17 mi) north of Moscow. He graduated in 1983 from the Russian State University of Physical Education, Sport, Youth and Tourism,[3] with a degree in physical education and sport. Guryev was further educated at the University of Greenwich, where he graduated with a bachelor's degree in economics in 2003, as well as at the Russian Government Academy of National Economy, graduating in 2004, and at St. Petersburg National Mineral Resources University, where he graduated with post-graduate certificate in Economics in 2010.[4]

Guryev is a Judo master and from 1978 to 1987, served as an instructor and Committee Secretary for the Mosgorsovet's Dinamo Komsomol organization.[5]

Career

In 1990, Guryev started his career working for Mikhail Khodorkovsky at the Menatep Group.[6] He rose quickly through the ranks and was appointed chairman of Apatit, a subsidiary of the Menatep.

From 1990 to 1995 he was Deputy Director of the Menatep Group.

In 1995, he was appointed as Head of the Mining and Chemical Products Department, First Deputy CEO of ROSPROM and subsequently head of the Y. V. Samoilov Research Institute for Fertilizers and Insectofungicides (NIUIF).[7]

In 2011, Guryev owned 71% of PhosAgro, with 10% owned by Vladimir Litvinenko.[8]

In 2012, PhosAgro purchased 20% of Apatit. Guryev led a management buyout to acquire control of Apatit and PhosAgro, and now owns 100% of the company.[9]

Between 2011 and 2013 Guryev served as a Member of the Federation Council from the executive branch of the Murmansk oblast government.[10]

In 2013, Andrey Guryev was appointed Deputy Chairman of PhosAgro's Board of Directors.[5][11] This came after he made the decision to step down as Senator, citing the new laws regarding foreign bank account owned by Russian entrepreneurs as his reason for stepping down after 11 years as a politician.[12]

In 2014 Guryev sold an increased stake in PhosAgro to Valdimir Litvineko, bringing the latter's total ownership to 9.73%, up from 4.92% in 2011.[13]

In early 2015, current CEO Andrei Guryev Jr, Andrey Guryev's son, was reported as saying, “PhosAgro is the most profitable phosphate fertilizer company in the world.”[14]

PhosAgro is structured so that Guryev and his family are recipients of a trust, rather than outright ownership in their names, though Evgenia Guryev, Guryev's wife, owns 4.82% of PhosAgro in her own name.[15]

In July 2016, Forbes estimated his net worth at US$4.3 billion.[3]

Personal life

He is married to Evgenia and they have two children, Andrey Guryev, Jr. and Yulia Guryeva-Motlokhov. Andrey Guryev, Jr, is CEO of PhosAgro.[16] Yulia Guryeva-Motlokhov is married to hedge fund manager Alexei Motlokhov, they have twin sons, and live next door in Highgate.[17]

The Guryevs own Witanhurst in Highgate, London's second largest house after Buckingham Palace,[16] and the five-storey penthouse of St George Wharf Tower in London.[18] Guryev has never given an interview to the press.[19]

References
  1. - Bloomberg.com
  2. "Russian Chemists Union | Leadership". www.ruschemunion.ru. Retrieved 10 March 2016.
  3. "Andrei Guriev". Forbes. Retrieved 1 July 2016.
  4. "Andrey Guryev, PhosAgro OAO: Profile & Biography". Bloomberg. Retrieved 10 March 2016.
  5. "Andrey G. Guryev | Management | About the company". PhosAgro.com. Retrieved 29 March 2016.
  6. "Andrei Guriev". Forbes. Retrieved 15 March 2016.
  7. "Andrey G. Guryev | Corporate Governance | Investors". PhosAgro.com. Retrieved 29 March 2016.
  8. Popova, Olga (14 July 2011). "IPO yields $538m for Guryev". The Independent. Retrieved 24 May 2015.
  9. "Phosagro buys stake to secure fertiliser component supplier". Reuters. 5 September 2012. Retrieved 15 March 2016.
  10. "Murmansk senator re-elected". Barentsobserver. Retrieved 15 March 2016.
  11. "PhosAgro chief beneficiary Guryev joins board as deputy chairman (Part 2)". connection.ebscohost.com. Archived from the original on 16 March 2016. Retrieved 15 March 2016.
  12. "Andrei Guryev Leaves Federation Council | News". The Moscow Times. Retrieved 15 March 2016.
  13. "Litvinenko buys $269 mln in PhosAgro shares from Guryevs, boosts stake to 14.5% (Part 2)". connection.ebscohost.com. Archived from the original on 31 March 2016. Retrieved 20 March 2016.
  14. "Russian fertiliser firm Phosagro primed for growth as oil, rouble struggle". Reuters. 26 January 2015. Retrieved 20 March 2016.
  15. "Shareholder Information". PhosAgro.com. Retrieved 29 March 2016.
  16. Caesar, Ed. "House of Secrets: Who owns London's most expensive mansion?". New Yorker (June 2015). Retrieved 24 May 2015.
  17. https://www.standard.co.uk/news/london/row-over-hedge-fund-bosss-theme-park-plan-for-highgate-a3578156.html
  18. "The London skyscraper that is a stark symbol of the housing crisis". The Guardian. 25 May 2016.
  19. Caesar, Ed (1 June 2015). "House of Secrets". The New Yorker. ISSN 0028-792X. Retrieved 20 March 2016.
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