Andrei Skoch Net Worth

Andrei Skoch has an estimated net worth of $6.8 billion, according to Forbes Real-Time Billionaires, Andrei Skoch profile (figures as of October 20, 2026). That is up from $5.2 billion in 2019.

Andrei Skoch is a Russian businessman and member of the State Duma. He has served in Russia’s legislative body since 1999. His wealth comes from metals and mining. He is a partner in USM, an investment group tied to that sector. Because Duma members cannot hold business stakes directly, his shares in USM are held by his father Vladimir and his daughter Varvara. Forbes put his net worth at $6.8 billion on its real-time billionaires tracker as of October 20, 2026.

He built his career through a series of business moves that began in the late 1980s. He first opened a bakery with Lev Kvetnoi, then sold computer components and owned fuel distribution companies. In 1995, he joined Interfin as deputy general director and also worked for MontazhSpetsBank. That same year, he met Alisher Usmanov. Together with Kvetnoi, they moved into metals, buying Lebedinsky Mining and a steel plant in Belgorod before those assets became part of Metalloinvest in 2006.

How Andrei Skoch built his fortune

Skoch’s money comes from metals and mining, mainly through his partnership in USM and his long connection to Lebedinsky Mining and Metalloinvest. His path started outside heavy industry. In the late 1980s, he ran a bakery with Lev Kvetnoi. After that, he sold computer parts and owned fuel distribution businesses. By 1995, he had moved into finance and investment roles, including Interfin and MontazhSpetsBank, which led him into larger industrial deals.

A key step came after he met Alisher Usmanov in 1995 while working as an oil trader for the bank. Skoch, Kvetnoi, and Usmanov made early purchases that included Lebedinsky Mining and a steel production plant in Belgorod. In 1999, Skoch became deputy general at JSC Lebedinsky GOK. In 2006, Usmanov formed Metalloinvest after acquiring Mikhailovsky GOK, and the merger included Lebedinsky Mining. Skoch remained a partner as the business grew.

Forbes net worth timeline

Forbes has tracked large swings in Skoch’s estimated fortune over the years. It listed him at $5.2 billion in 2019, then $8.6 billion in 2021. In 2022, that estimate dropped to $4.7 billion. By 2025, Forbes had him at $7.4 billion. Those moves fit the fact that his wealth is tied to metals and mining, where asset values can change sharply over time.

His public role also shapes how his holdings are structured. Since he has been in the State Duma since 1999, he is not allowed to own stakes in businesses directly, so his USM shares are held by family members. Forbes currently estimates his wealth at $6.8 billion as of October 20, 2026. That keeps him among Russia’s richest business figures tied to the metals sector.