Gavril Yushvaev

Gavril A. Yushvaev (Russian: Гаврил Юшваев; born 1957) is a billionaire Russian oligarch and businessman. He is also an Israeli citizen.[1]

Biography

Gavril Yushvaev was born in Makhachkala, Dagestan.[2]

In 1980, Yushvaev was convicted of robbery and spent nine years in a Soviet prison camp, a fact revealed in a prospectus issued during Yushvaev's subsequent business career.[3]

After getting out of prison in 1989, Yushavev partnered with David Yakobashvili. In 1993, they invested in the Lianozovo Dairy Plant, which would later become Wimm Bill Dann.[3]

Business ventures

Yushvaev became wealthy in the 1990s as the co-founder of the car dealership Trinity and as the founder of a dance club (Metelitsa) and casino in Moscow. Yushvaev then invested in Wimm-Bill-Dann, a dairy and juice company. The company was founded in 1995[4] and had its initial public offering in 2002. Yushvaev was the company's largest shareholder. In 2010, Yushvaev sold his 19.6% stake in the company to PepsiCo for $1.1 billion. In 2013, Yushvaev and Zelimkhan Mutsoev purchased a 38% stake in Polyus Gold from Mikhail Prokhorov for $3.6 billion.[5] He sold his stake in Polyus Gold in 2015.[6][7]

Yushvaev and Vladislav Doronin also invested $300 million in a large real estate project in Moscow. In 2016, Yushvaev invested $300 million in a real estate project organized by Vladislav Doronin. The developments include an 85 story office block, shopping center and parking space for nearly 4000 cars.[8][9] According to Forbes, Yushvaev's net worth in 2022 was about $1.8 billion.[10]

Yushvaev has a holding company in Cyprus.[11]

Personal life

Yushvaev is married and has eight children. He lives in Moscow.[12]

References
  1. McEvoy, Jemima. "Why Israel Became A Safe Haven For Russian Billionaires". Forbes. Retrieved 2023-03-03.
  2. "Against interests of powerful owners: why attempted takeover of Inskoy Pit failed?". 22 November 2016. Retrieved 10 February 2019.
  3. "Against interests of powerful owners: why attempted takeover of Inskoy Pit failed?". 22 November 2016. Retrieved 10 February 2019.
  4. Marshall I. Goldman, The Piratization of Russia: Russian Reform Goes Awry (Routledge, 2003), p. 217.
  5. Karlee Weinmann, Billionaire Pair Pays $3.6B For Tycoon's Polyus Gold Stake, Law360 (February 22, 2013).
  6. "Polyus Gold стала почти семейным предприятием" (in Russian). kommersant.ru. November 4, 2015. Retrieved February 2, 2023.
  7. Диана Асонова (September 30, 2015). "Polyus Gold стала почти семейным предприятием" (in Russian). reuters.com. Retrieved February 2, 2023.
  8. "No more than 10 major players will remain on the market". 6 December 2016. Retrieved 10 February 2019.
  9. "Gavril Yushvaev". 12 February 2019. Retrieved 10 February 2019.
  10. "Gavril Yushvaev". Forbes. Retrieved 2022-08-18.
  11. Juliet Samuel, City Diary: oligarchs cut storm damage, The Times (March 29, 2013).
  12. "Gavril Yushvaev". Forbes. 12 February 2019. Retrieved 10 February 2019.
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