Gavril Yushvaev
$1.17 B
Gavril Yushvaev has gotten rich betting on a wide assortment of businesses. In the early 90s he cofounded Trinity, which owned car dealerships, one of Moscow’s first casinos and Moscow dance club Metelitsa. He later invested in dairy and juice company Wimm-Bill-Dann, which went public in 2002. The prospectus revealed that Yushvaev had served nine years in a Soviet prison camp after being found guilty of a “violent crime” in 1980. Yushvaev sold his 19.6% stake in Wimm-Bill-Dann to Pepsico for $1.1 billion in 2010. Three years later, he and billionaire Zelimkhan Mutsoev bought billionaire Mikhail Prokhorov’s 38% stake in gold producer Polyus Gold for $3.6 billion, and then sold his stake in 2015. He has also partnered with Vladislav Doronin, an ex-boyfriend of supermodel Naomi Campbell, investing $300 million in a 4.3-million-square-foot Moscow real estate development that will include an 85-story tower, a boutique hotel, offices, a multiplex and parking for 3,900 cars.
Gavril Yushvaev is a Russian businessman and he has an estimated net worth of $1.15 billion as of May 2016. According to Forbes, he is the 85th richest person in Russia and the 1175th in the world. Born Gavril Abramovich Yushvaev on July 23, 1957 in Makhachkala, Russia, he moved to Moscow at a very young age. In 1980, he was given a long-term prison sentence for robbery. He was released in 1989 and immediately went into business in different fields.
Yushvaev earned his estimated net worth of $1.2 billion as the founder of Trinity which owns car dealerships, Cherry casino, one of the first gambling clubs in Russia, and Metelitsa, a popular Moscow dance club in the early 90’s. He works along with businessman David Yakobashvili.
Since 2005, Gavril Yushvaev has been a member of the Wimm-Bill-Dann Board of Directors. He is also one of the major shareholders in the milk and juice company. In 2008, Pepsico bought his 19.6% stake for about $1.1 billion as part of the beverage maker’s acquisition of all the Russian company’s share. In February 2013, he and fellow billionaire Zelimkhan Mutsoev bought the 38% stake of Mikhail Prokhorov in the gold producer Poryus Gold for $3.6 billion.
Yushvaev also serves as a member of the board of directors of several businesses that he founded and developed into large agricultural and real estate holdings. These include RusAgroProject where he was the president, Agrocomplex Gorki-2, Eisk Port Elevator, and Cattle Farm Naroosanovsky.
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