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Igor Kesaev Net Worth

Igor Kesaev Net Worth $2 Billion

The Debate Over Mercury Group

Retail magnate Igor Kesaev comes with an estimated net worth of $2 billion as of March 2013 according to Forbes. He is likewise the 51st richest individual in Russia and is rated 736th in the list of World Billionaires.

Mr. Igor Albertovich Kesaev has amassed his estimated net worth of $2 billion as the President of the Mercury Group of Companies, a diversified holding company. It had been established in 1991 and started as a food and booze exporter. Now, it is the biggest distributor in Russia with a consolidated turnover which exceeded $15 billion.

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, Kesaev’s 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).

Mercury Group is also the parent company of DIXY, the third largest food retail company in Russia where Kesaev possesses a controlling stake. The business has eight distribution centers that furnish its stores in the key areas. It also possesses a fleet of trucks that helps optimize transport costs and ensures prompt deliveries to stores.

Is Igor Kesaev's Net Worth Deserved?

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