Gavril A. Yushvaev (

Russian Russian(s) refers to anything related to Russia, including: *Russians (, ''russkiye''), an ethnic group of the East Slavic peoples, primarily living in Russia and neighboring countries *Rossiyane (), Russian language term for all citizens and peo ...

: Гаврил Юшваев; born 1957) is a billionaire

Russian oligarch Russian oligarchs ( Russian: олигархи, romanized: ''oligarkhi'') are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the So ...

and businessman. He is also an Israeli citizen.

Biography

Gavril Yushvaev was born in Makhachkala, Dagestan. 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. 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.

Business ventures

Yushvaev became wealthy in the 1990s as the co-founder of the

car dealership A car dealership, or car dealer, is a business that sells new or used cars, at the retail level, based on a dealership contract with an automaker or its sales subsidiary. Car dealerships also often sell spare parts and automotive maint ...

Trinity and as the founder of a dance club (Metelitsa) and casino in

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...

. Yushvaev then invested in

Wimm-Bill-Dann Wimm Bill Dann (russian: Вимм-Билль-Данн) is one of Europe's largest dairy products companies. WBD produces yogurt, milk, flavored milk, fruit juices, and other soft drinks. It holds a 34% share in all dairy products in Russia, and ...

, a dairy and juice company. The company was founded in 1995Marshall I. Goldman, ''The Piratization of Russia: Russian Reform Goes Awry'' (Routledge, 2003), p. 217. and had its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

in 2002. Yushvaev was the company's largest shareholder. In 2010, Yushvaev sold his 19.6% stake in the company to

PepsiCo PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the man ...

for $1.1 billion. In 2013, Yushvaev and Zelimkhan Mutsoev purchased a 38% stake in

Polyus Gold PJSC Polyus (russian: ПАО "Полюс") is a Russian gold mining company. It is the largest gold producer in Russia and one of the top 10 gold mining companies globally by output (2.84 million ounces of gold production in 2019). It is headqua ...

from

Mikhail Prokhorov Mikhail Dmitrievich Prokhorov ( rus, Михаил Дмитриевич Прохоров, p=mʲɪxɐˈil ˈdmʲitrʲɪjɪvʲɪtɕ ˈproxərəf; born 3 May 1965) is a Russian-Israeli oligarch, politician, and former owner of the Brooklyn Nets. I ...

for $3.6 billion. He sold his stake in Polyus Gold in 2015. Yushvaev and

Vladislav Doronin Vladislav Doronin (; born 7 November 1962) is an international real estate developer and art collector. He is the owner and chairman of Aman Resorts, chairman and CEO of OKO Group and is a co-founder of Moscow-based Capital Group. Early lif ...

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. According to

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

, Yushvaev's net worth in 2022 was about $1.8 billion. Yushvaev has a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ...

.Juliet Samuel
City Diary: oligarchs cut storm damage
''The Times'' (March 29, 2013).

Personal life

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

References

Russian oligarchs 1957 births Living people Russian billionaires Russian food industry businesspeople People from Makhachkala {{Russia-business-bio-stub