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Revision as of 00:35, 22 March 2022

Vadim Moshkovich
Born6 April 1967
Moscow, USSR
CitizenshipCyprus
Russian
EducationMIREA - Russian Technological University
OccupationChairman of the board of directors
OrganizationRusagro Group

Vadim Moshkovich (Russian: Вадим Николаевич Мошкович, born 1967 in Moscow, Russia) 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

Vadim Moshkovich was born to a Jewish family in Moscow in 1967. He attended mathematical school #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

Agriculture
Vadim Moshkovich entered the agricultural business in 1995, beginning with sugar imports. From 1997-2003 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]

  • Agriculture: controls 460,000 hectares in Russia’s Black Earth District, one of the largest banks of farmland in Russia
  • Sugar: controls six sugar plants, with production of 220,000 tons of sugar (H1 2014)
  • Oils and Fats: production of 20,000 tons of margarine, 25,000 tons of mayonnaise (H1 2014)
  • Meat: production of 80,000 tons of pork (H1 2014)

2013 year end revenue was R36bn ($1.1bn), and net profit was R20bn ($600 million).[4] In 2011, Rosagro Plc. (main holding company of the Rusagro Group) conducted an IPO on the London Stock Exchange, raising ~$300 million.[5] Vadim Moshkovich currently holds a 75% stake in the company. The company is expected to benefit from 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.[4]

Real Estate Development
Vadim 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.[6] The company has more than 2,580 hectares in New Moscow.[7] 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.[8] 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.[7]

Sanctions by EU

On 10 March 2022, Moshkovich was sanctioned by European Union.[9]

Political career

Vadim Moshkovich is 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.[10]

Philanthropic activities

Vadim Moshkovich is currently funding a project to establish 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 will receive scholarships from the school. The school will aspire to place graduates at top 30 global universities. The cost of the project is $250 million.[8]

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.[11][12] He is also a donor and a member of the Board of Trustees of the Jewish Museum and Tolerance Center in Moscow.[13]

References

  1. ^ Unit, Al Jazeera Investigative. "How rich Russians turned Cyprus into 'Moscow on the Med'". www.aljazeera.com.
  2. ^ a b "Вадим Мошкович". www.forbes.ru. Retrieved 3 March 2022.
  3. ^ "Rusagro: Home". www.rusagrogroup.ru. Retrieved 3 March 2022.
  4. ^ a b "Интервью - Максим Басов, гендиректор группы компаний «Русагро»". www.vedomosti.ru. Retrieved 3 March 2022.
  5. ^ "Rusagro: About us". www.rusagrogroup.ru. Retrieved 3 March 2022.
  6. ^ "New Moscow: Plans afoot to double the size of Russia's capital". New Atlas. 14 September 2012. Retrieved 3 March 2022.
  7. ^ a b "Vedomosti". www.vedomosti.ru. Retrieved 3 March 2022.
  8. ^ a b "Вадим Мошкович: «Я подостыл к зарабатыванию денег»". www.vedomosti.ru. Retrieved 3 March 2022.
  9. ^ Forbes: EU Targets Three More Russian Billionaires In Latest Wave Of Sanctions, March 2022
  10. ^ "Структура". council.gov.ru (in Russian). Совет Федерации Федерального Собрания Российской Федерации.
  11. ^ "Попечительский совет". www.hse.ru. Retrieved 3 March 2022.
  12. ^ "Белгородский государственный национальный исследовательский университет - Попечительский совет НИУ «БелГУ»". www.bsu.edu.ru. Retrieved 3 March 2022.
  13. ^ "Jewish Museum official website, accessed Oct. 2014". Retrieved 3 March 2022.
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