Gavril Yushvaev

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Gavril A. Yushvaev (Russian: Гаврил Юшваев; born 1957) is a billionaire Russian oligarch and businessman. He was born in Makhachkala, the capital of Dagestan.[1]

Biography[]

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.[1] 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.[1]

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[2] 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.[3] He sold his stake in Polyus Gold in 2015.

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.[4][5] According to Forbes, Yushvaev's net worth in 2018 was about $1.49 billion.

Like other Russian oligarchs, Yushvaev has a holding company in Cyprus.[6]

Personal life[]

Yushvaev is married and has eight children. He lives in Moscow.[7]

References[]

  1. ^ a b c "Against interests of powerful owners: why attempted takeover of Inskoy Pit failed?". 22 November 2016. Retrieved 10 February 2019.
  2. ^ Marshall I. Goldman, The Piratization of Russia: Russian Reform Goes Awry (Routledge, 2003), p. 217.
  3. ^ Karlee Weinmann, Billionaire Pair Pays $3.6B For Tycoon's Polyus Gold Stake, Law360 (February 22, 2013).
  4. ^ "No more than 10 major players will remain on the market". 6 December 2016. Retrieved 10 February 2019.
  5. ^ "Gavril Yushvaev". 12 February 2019. Retrieved 10 February 2019.
  6. ^ Juliet Samuel, City Diary: oligarchs cut storm damage, The Times (March 29, 2013).
  7. ^ "Gavril Yushvaev". 12 February 2019. Retrieved 10 February 2019.
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