Andrei Rogachev

About Andrei Rogachev

Birth Day: January 17, 1964
Birth Place: Russia
Birth Sign: Aquarius
Residence: Switzerland
Occupation: Entrepreneur

Andrei Rogachev Net Worth

Andrei Rogachev was bornon January 17, 1964 in Russia. Co-founder of Russian food discount chain Pyatyorochka (now X5 Retail Group) which merged in 2006 with Perekriostok, a majority-owned subsidiary of Russia's Alfa Group. Also co-founded grocery hypermarket chain Carousel which merged with X5 in 2009. Resigned from X5 board three years ago to be able to sell stock freely. His real estate assets not faring well; heavy debts and lawsuits are stunting Macromir, his St. Petersburg based development company and entities in his LEK Group are facing bankruptcy. Born in Tula, near Moscow; graduated from the Institute of Hydrometeorology in St. Petersburg. In early 1990s worked on the production of ecological-control instruments, participated in the creation of an electronic bourse and traded in imported food products before launching business.
Andrei Rogachev is a member of Fashion and Retail

💰 Net worth: $1.2 Billion

Some Andrei Rogachev images

Biography/Timeline

1964

Andrey Rogachev was born on January 17, 1964 in Tula. In 1981 he entered the Leningrad Hydrometeorology Institute, where he graduated in 1986, majoring in Hydrology.

1989

In 1989, he created the Environmental Control Laboratory (LEK).

1991

In 1991 Rogachev created electronic payment system Spacard and software to make trading operations between companies. Including electronic messaging system, a cryptography system, the second crypto currency in the world, plastic card with a unique method of encryption and data protection, a billing center, cash registers and portable payment terminals.

1998

In 1998, Andrey Rogachev and his partners registered Agrotorg LLC. In February 1999 the company opened the first Pyaterochka store in St Petersburg; 15 more stores were opened by year-end. In 2001 Pyaterochka entered Moscow.

2006

Following the merger with Retail chain Perekrestok in 2006, X5 Retail Group was created; their main shareholders are Alfa Financial Group; Pyaterocka founders received approximately 25% of the shares (mainly owned by Rogachev and Alexander Gidra). In 2008, Rogachev quit X5's Board. In 2011 he sold his 11.14% of X5 shares, for approximately $1.38 billion. From 2010 he mainly focused on real property Investments and other food Retail businesses.

2012

In 2012, Rogachev founded Verny, a chain of discounter stores «Vernii». At the beginning of 2015, the chain contained more than 400 stores in the Central, North-Western and in the Urals Districts of Russia.

2017

In 2017 Rogachev together with Alexander Volchek (the founder of the biggest Entrepreneur society «Business Molodost») launched Food Trading Platform AGRO24. Rogachev and Volchek are the founders and owners of the AGRO24 trading platform. The platform brings together suppliers, Retailers and dealers and allows to conduct commercial transactions between them. The AGRO24 Business model most similar to Bloomberg and 1688.com, which is a part of the Ali Baba Group and is designed for wholesale b2b-trade between producers and buyers. Trading Technology is easily integrated with smart contracts based on blockchain, crypto-currencies and other complex systems .