On the basis of the data collected by the magazine, he is the 65th individual in Russia and is rated 922nd in the list of World Billionaires. Social Development Minister took a Masters of Public Administration at the Russian State Academy of Management and graduated in 1998.
Andrei Molchanov Net Worth $1.65 Billion
Molchanov began amassing his estimated net worth of $1.65 billion when he and his classmate started a residential construction business. Social Development Minister also founded in 1993 and became the president of Open Joint Stock Company LSR (Lenstroireconstruktsiya) Group. He is also the biggest shareholder in the business. It absolutely was simply one of the leading real estate development, construction, and building materials firms in Russia until he took it public in 2007. Social Development Minister later went to work as vice president at VTB who is in-charge of the infrastructure jobs.
Andrei Molchanov’s stepfather was the vice governor of St. Petersburg for many years. In 2007, he was made as the Assistant of the Russian Federation Public Health Services and Social Development Minister. He heads the committee for economical politics of the Federation Council in Russia.