Igor Kesaev – Billionaire

Retail magnate Igor Kesaev controls 70% of Russia’s cigarette market through the Megapolis subsidiary of his Mercury Company. In one of the biggest-ever deals in the Russian consumer market, Philip Morris and Japan Tobacco International bought 40% of Megapolis for $1.5 billion in December 2013. He and his partner Sergei Katsiev own the rest. A graduate of the prestigious Moscow State Institute of International Relations, Kesaev is the founder of Mercury, which began as a food and alcohol importer, He is also chairman of fast-growing supermarket chain Dixy, having replaced Katsiev in 2015.

Retail magnate Igor Kesaev has an estimated net worth of $3.1 billion as of May 2015 according to Forbes. He is also the 51st richest person in Russia and is ranked 736th in the list of World Billionaires. Mr. Igor Albertovich Kesaev has amassed his estimated net worth of $3.1 billion as the President of the Mercury Group of Companies, a diversified holding company. It was founded in 1991 and started as a food and alcohol exporter. Today, it is the biggest distributor in Russia with a consolidated turnover which exceeded $15 billion. Mercury Group is also the parent company of DIXY, the third largest food retail company in Russia where Kesaev owns a controlling stake. The company has eight distribution centers that supply its stores in the key regions. It also owns a fleet of trucks that helps optimize transportation costs and ensures prompt deliveries to stores. In 2005, Igor Kesaev bought a stake in the oil company, Sibir Energy, from former billionaire Shalva Chigirinksy. In the summer of 2009, he sold his stake in Sibir to state-controlled Gazpromneft. In December 2012, his Mercury Development sold five of the 75 floors of pink mirrored Mercury City tower in Moscow, the tallest building in Europe, to Japan Tobacco International (JTI).

Source:

1. forbes

2. therichest