Vadim Moshkovich: Difference between revisions
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{{Short description|Russian billionaire and philanthropist}} |
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'''Vadim Moshkovich''' ([[Russian language|Russian]]: Вадим Николаевич Мошкович, born 1967 in [[Moscow]], Russia) is a Russian businessman and philanthropist. His business interests include major investments in agriculture and real estate development. His philanthropic activities focus on promoting high-quality education and development opportunities for gifted children. In 2014, Forbes magazine put his net worth at $1.3bn, 81st place among Russian businesspeople.<ref>Forbes Wealth Ranking 2014 http://www.forbes.ru/profile/vadim-moshkovich</ref> |
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{{BLP sources|date=August 2022}} |
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{{Use dmy dates|date=February 2022}} |
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{{Infobox person |
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| name = Vadim Moshkovich |
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| image = Moshkovich Vadim.jpg |
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| caption = Moshkovich in 2020 |
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| native_name = {{nobold|Вадим Мошкович}} |
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| native_name_lang = ru |
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| birth_date = 6 April 1967 |
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| birth_place = Moscow, USSR |
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| citizenship = Cyprus <br/> Russian |
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| education = MIREA - Russian Technological University |
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| occupation = Chairman of the board of directors |
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| organization = Rusagro Group |
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}} |
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'''Vadim Moshkovich''' ([[Russian language|Russian]]: Вадим Николаевич Мошкович; born 6 April 1967) is a Russian billionaire businessman.<ref>{{Cite web|url=https://www.aljazeera.com/news/2020/8/25/how-rich-russians-turned-cyprus-into-moscow-on-the-med|title=How rich Russians turned Cyprus into 'Moscow on the Med'|first=Al Jazeera Investigative|last=Unit|website=www.aljazeera.com}}</ref> His business interests include major investments in agriculture and real estate development. In 2014, Forbes magazine put his net worth at $1.3bn, 81st place among Russian businesspeople.<ref name="auto2">{{Cite web|url=https://www.forbes.ru/profile/vadim-moshkovich|title=Вадим Мошкович|website=www.forbes.ru|accessdate=3 March 2022}}</ref> |
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==Early life and family== |
==Early life and family== |
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Vadim Moshkovich was born in Moscow in 1967. He attended mathematical school |
Vadim Moshkovich was born to a [[Jewish]] family in Moscow in 1967. He attended mathematical [[Moscow State School 57|school No.57]] in Moscow, and graduated from the [[Moscow State Institute of Radio Engineering, Electronics and Automation]] in 1992. He is married and has three children.<ref name="auto2"/> |
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==Business career== |
==Business career== |
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*'''Agriculture''': controls 460,000 hectares in Russia’s Black Earth District, one of the largest banks of farmland in Russia |
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*'''Sugar''': controls six sugar plants, with production of 220,000 tons of sugar (H1 2014) |
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*'''Oils and Fats''': production of 20,000 tons of margarine, 25,000 tons of mayonnaise (H1 2014) |
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*'''Meat''': production of 80,000 tons of pork (H1 2014) |
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2013 year end revenue was R36bn ($1.1bn), and net profit was R20bn ($600 million).<ref>Vedomosti Sept. 18, 2014, Интервью — Максим Басов, гендиректор группы компаний "Русагро" http://www.vedomosti.ru/library/news/33606401/intervyu-maksim-basov-gendirektor-gruppy-rusagro?full#cut</ref> |
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In 2011, Rosagro Plc. (main holding company of the Rusagro Group) conducted an IPO on the [[London Stock Exchange]], raising ~$300 million.<ref>Rusagro official website, accessed Oct. 2014 http://www.rusagrogroup.ru/en/about-us/#jfmulticontent_c263-1</ref> Vadim Moshkovich currently holds a 75% stake in the company. |
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The company is expected to benefit from [[Import substitution industrialization|import substitution]] driven by Moscow’s ban on food imports from states that have imposed economic sanctions on Russia in 2014. Rusagro Group plans to expand its meat business to the [[Russian Far East]], and to enter the markets of [[Central Asia]].<ref>Vedomosti Sept. 18, 2014, Интервью — Максим Басов, гендиректор группы компаний "Русагро" http://www.vedomosti.ru/library/news/33606401/intervyu-maksim-basov-gendirektor-gruppy-rusagro?full#cut</ref> |
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''Real Estate Development''<br> |
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⚫ | Moshkovich entered the agricultural business in 1995, beginning with sugar imports. From 1997 to 2003 he began acquiring sugar processing plants, and in 2004 he established [[Rusagro Group]]. The company grew to become one of the largest vertically integrated agricultural holdings in Russia, working in four business segments:<ref>{{Cite web|url=https://www.rusagrogroup.ru/en/|title=Rusagro: Home|website=www.rusagrogroup.ru|accessdate=3 March 2022}}</ref> In 2011, Rosagro Plc. (main holding company of the Rusagro Group) conducted an IPO on the [[London Stock Exchange]], raising approximately $300 million.<ref>{{Cite web|url=https://www.rusagrogroup.ru/en/about-us/|title=Rusagro: About us|website=www.rusagrogroup.ru|accessdate=3 March 2022}}</ref> Moshkovich currently holds a 75% stake in the company. |
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=== Real estate development === |
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⚫ | Moshkovich controls [[Masshtab]], one of the largest Russian development companies, focused on New Moscow (Novaya Moskva), an area which was absorbed by the City of [[Moscow]] in July 2012.<ref>{{Cite web|url=https://newatlas.com/new-moscow/24139/|title=New Moscow: Plans afoot to double the size of Russia's capital|date=14 September 2012|website=New Atlas|accessdate=3 March 2022}}</ref> The company has more than 2,580 hectares in New Moscow.<ref name="auto">{{Cite web|url=http://www.vedomosti.ru/newspaper/article/630381/vadim-moshkovich-zaplatit-za-metro|title=Vedomosti|website=www.vedomosti.ru|accessdate=3 March 2022}}</ref> Upon entering the real estate sector, Mashtab hired [[McKinsey & Company]] to study the world's most successful cities. These studies resulted in a development plan which, in a break with typical post-Soviet practice, aims to create an urban space that provides not only new residential blocks, but also ample social and transport infrastructure, and to facilitate local job creation in line with global best practice. Moshkovich cited the City of Irvine, California as an example of a well planned new city built on former agricultural land that continues to attract residents and create local jobs.<ref name="auto3">{{Cite news|url=https://www.vedomosti.ru/newspaper/articles/2012/07/16/ya_vse_svoi_ambicii_udovletvoril_vadim_moshkovich_chlen|title=Вадим Мошкович: "Я подостыл к зарабатыванию денег"|newspaper=Ведомости|date=16 July 2012 |accessdate=3 March 2022}}</ref> |
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== Sanctions by EU == |
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On 10 March 2022, Moshkovich was sanctioned by the [[European Union]].<ref>[https://www.forbes.com/sites/carlieporterfield/2022/03/09/eu-targets-four-more-russian-billionaires-in-latest-wave-of-sanctions/?sh=360770f05142 Forbes: EU Targets Three More Russian Billionaires In Latest Wave Of Sanctions], March 2022</ref> |
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==Political career== |
==Political career== |
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Moshkovich was a member of the [[Federation Council|Federation Council (Russia)]], the Upper Chamber of the [[Russian Parliament]], representing the [[Belgorod]] Region of the Russian Federation. He is a member of the Federation Council's Committee on Economic Policy. His term at the Federation Council ended in October 2015.<ref>{{Cite web|url=http://council.gov.ru/structure/persons/193/|title=Структура|publisher=Совет Федерации Федерального Собрания Российской Федерации|website=council.gov.ru|date=17 December 2014 |language=RU}}</ref> |
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==Philanthropic activities== |
==Philanthropic activities== |
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Moshkovich is currently funding a school for gifted children in [[Kommunarka]] (in New Moscow). While tuition will be set at $10,000 per year, 50% to 75% of students are receiving scholarships from the school. The school will aspire to place graduates at top 30 global universities. The cost of the project is $250 million.<ref name="auto3"/> |
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Moshkovich is a donor and a member of the Board of Trustees of the [[National Research University – Higher School of Economics]] in Moscow, and of the Belgorod State Research University.<ref> |
Moshkovich is a donor and a member of the Board of Trustees of the [[National Research University – Higher School of Economics]] in Moscow, and of the Belgorod State Research University.<ref>{{Cite web|url=https://www.hse.ru/info/council|title=Попечительский совет|website=www.hse.ru|accessdate=3 March 2022}}</ref><ref>{{Cite web|url=https://www.bsu.edu.ru/bsu/structure/detail.php?ID=227766|title=Белгородский государственный национальный исследовательский университет - Попечительский совет НИУ "БелГУ"|website=www.bsu.edu.ru|accessdate=3 March 2022}}</ref> He is also a donor and a member of the Board of Trustees of the [[Jewish Museum and Tolerance Center]] in Moscow.<ref>{{Cite web|url=http://www.jewish-museum.ru/ru/blog/225-sostoyalos-tretie-zasedanie-popechitelskogo-soveta-evreyskogo-muzeya-i-tsentra-tolerantnosti|title=Jewish Museum official website, accessed Oct. 2014|accessdate=3 March 2022}}</ref> |
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==References== |
==References== |
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==External links== |
==External links== |
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* {{Commons category-inline}} |
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Rusagro official website http://www.rusagrogroup.ru/en/ |
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* [http://www.rusagrogroup.ru/en/ Rusagro official website] |
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{{Privatization in Russia}} |
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{{DEFAULTSORT:Moshkovich, Vadim}} |
{{DEFAULTSORT:Moshkovich, Vadim}} |
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[[Category:Living people]] |
[[Category:Living people]] |
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[[Category:Russian Jews]] |
[[Category:Russian Jews]] |
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[[Category: |
[[Category:Businesspeople from Moscow]] |
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[[Category: |
[[Category:Members of the Federation Council of Russia (after 2000)]] |
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[[Category:Members of the Federation Council (Russia)]] |
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[[Category:Russian billionaires]] |
[[Category:Russian billionaires]] |
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[[Category:Russian emigrants to Cyprus]] |
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[[Category:Cypriot billionaires]] |
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[[Category:Naturalized citizens of Cyprus]] |
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[[Category:Russian individuals subject to European Union sanctions]] |
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[[Category:Russian oligarchs]] |
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[[Category:Russian businesspeople in Cyprus]] |
Latest revision as of 17:29, 28 August 2024
Vadim Moshkovich (Russian: Вадим Николаевич Мошкович; born 6 April 1967) is a Russian billionaire businessman.[1] His business interests include major investments in agriculture and real estate development. In 2014, Forbes magazine put his net worth at $1.3bn, 81st place among Russian businesspeople.[2]
Early life and family
[edit]Vadim Moshkovich was born to a Jewish family in Moscow in 1967. He attended mathematical school No.57 in Moscow, and graduated from the Moscow State Institute of Radio Engineering, Electronics and Automation in 1992. He is married and has three children.[2]
Business career
[edit]Agriculture
[edit]Moshkovich entered the agricultural business in 1995, beginning with sugar imports. From 1997 to 2003 he began acquiring sugar processing plants, and in 2004 he established Rusagro Group. The company grew to become one of the largest vertically integrated agricultural holdings in Russia, working in four business segments:[3] In 2011, Rosagro Plc. (main holding company of the Rusagro Group) conducted an IPO on the London Stock Exchange, raising approximately $300 million.[4] Moshkovich currently holds a 75% stake in the company.
Real estate development
[edit]Moshkovich controls Masshtab, one of the largest Russian development companies, focused on New Moscow (Novaya Moskva), an area which was absorbed by the City of Moscow in July 2012.[5] The company has more than 2,580 hectares in New Moscow.[6] Upon entering the real estate sector, Mashtab hired McKinsey & Company to study the world's most successful cities. These studies resulted in a development plan which, in a break with typical post-Soviet practice, aims to create an urban space that provides not only new residential blocks, but also ample social and transport infrastructure, and to facilitate local job creation in line with global best practice. Moshkovich cited the City of Irvine, California as an example of a well planned new city built on former agricultural land that continues to attract residents and create local jobs.[7] In 2013, Moshkovich donated 307 hectares of land to the City of Moscow to be used for the construction of an administrative and government center in New Moscow.[6]
Sanctions by EU
[edit]On 10 March 2022, Moshkovich was sanctioned by the European Union.[8]
Political career
[edit]Moshkovich was a member of the Federation Council (Russia), the Upper Chamber of the Russian Parliament, representing the Belgorod Region of the Russian Federation. He is a member of the Federation Council's Committee on Economic Policy. His term at the Federation Council ended in October 2015.[9]
Philanthropic activities
[edit]Moshkovich is currently funding a school for gifted children in Kommunarka (in New Moscow). While tuition will be set at $10,000 per year, 50% to 75% of students are receiving scholarships from the school. The school will aspire to place graduates at top 30 global universities. The cost of the project is $250 million.[7]
Moshkovich is a donor and a member of the Board of Trustees of the National Research University – Higher School of Economics in Moscow, and of the Belgorod State Research University.[10][11] He is also a donor and a member of the Board of Trustees of the Jewish Museum and Tolerance Center in Moscow.[12]
References
[edit]- ^ Unit, Al Jazeera Investigative. "How rich Russians turned Cyprus into 'Moscow on the Med'". www.aljazeera.com.
- ^ a b "Вадим Мошкович". www.forbes.ru. Retrieved 3 March 2022.
- ^ "Rusagro: Home". www.rusagrogroup.ru. Retrieved 3 March 2022.
- ^ "Rusagro: About us". www.rusagrogroup.ru. Retrieved 3 March 2022.
- ^ "New Moscow: Plans afoot to double the size of Russia's capital". New Atlas. 14 September 2012. Retrieved 3 March 2022.
- ^ a b "Vedomosti". www.vedomosti.ru. Retrieved 3 March 2022.
- ^ a b "Вадим Мошкович: "Я подостыл к зарабатыванию денег"". Ведомости. 16 July 2012. Retrieved 3 March 2022.
- ^ Forbes: EU Targets Three More Russian Billionaires In Latest Wave Of Sanctions, March 2022
- ^ "Структура". council.gov.ru (in Russian). Совет Федерации Федерального Собрания Российской Федерации. 17 December 2014.
- ^ "Попечительский совет". www.hse.ru. Retrieved 3 March 2022.
- ^ "Белгородский государственный национальный исследовательский университет - Попечительский совет НИУ "БелГУ"". www.bsu.edu.ru. Retrieved 3 March 2022.
- ^ "Jewish Museum official website, accessed Oct. 2014". Retrieved 3 March 2022.
External links
[edit]- Media related to Vadim Moshkovich at Wikimedia Commons
- Rusagro official website
- 1967 births
- Living people
- Russian Jews
- Businesspeople from Moscow
- Members of the Federation Council of Russia (after 2000)
- Russian billionaires
- Russian emigrants to Cyprus
- Cypriot billionaires
- Naturalized citizens of Cyprus
- Russian individuals subject to European Union sanctions
- Russian oligarchs
- Russian businesspeople in Cyprus