Russian businessmanMikhail Fedyaev has an estimated net worth of $1.2 billion as of March 2013 according to Forbes. Most of Fedyaev’s fortune is derived from his investments in coal, machinery and railway transportation. Along withbillionaire Vladimir Gridin, Mikhail Fedyaev currently controlsSibirskiy Delovoy Soyuz, a conglomerate that holds operations in chemicals, building, coal mining, engineering and transportation. Every year, the conglomerate apparently produces over20 million short tons of coal. Two years back, SDS was reported to possess acquired a fertilizer producer fromSibur for $1 billion. Mikhail Fedyaev finished his bachelor’s degree in engineering from Kuzbass Polytechnic Institute.While Fedyaev was still in college, he was working as a mechanic in a car factory. Together, the pair became the owners of a coal field. He is currently married and has two kids.