Filaret Galchev

About Filaret Galchev

Birth Year: 1963
Birth Place: Moscow, Russia, Russia
Residence: Russia
Occupation: Owner & chairman, Eurocement group
Children: 2

Filaret Galchev Net Worth

Filaret Galchev was bornon 1963 in Moscow, Russia, Russia. Filaret Galchev got his start in coal, but made the bulk of his fortune in cement, buying plants from Stern Cement and from Inteko, the construction company owned by Russia's richest woman, Elena Baturina. His Eurocement Group is now Russia's largest cement producer. In February 2016, Galchev lost his 6.2% stake in the world's largest cement producer, LafargeHolcim, as a result of margin call. Also in 2016, his Eurocement agreed to restructure its loans with Russia's largest bank, Sberbank.
Filaret Galchev is a member of Construction & Engineering

💰 Net worth: $1 Billion (Updated at 22 June 2018)

2010 $2.4 Billion
2011 $3.5 Billion
2012 $4.4 Billion
2013 $6.7 Billion
2014 $6 Billion
2015 $4.4 Billion
2016 $1.5 Billion
2017 $1.3 Billion
2018 $1.06 Billion

Some Filaret Galchev images

Biography/Timeline

1996

In 1996, Galchev and his partner, Georgy Krasnyansky, created Rosuglesbyt which became a leading Russian coal enterprise. Then in 2000, Galchev partnered with Sergei Generalov, then Russian Minister of Fuel and Energy, to privatize the Krasnoyarsk Coal Company. In 2002, Galchev sold his stake in the company to the MDM Group and immediately bought shares of Sterncement because he saw potential in the cement industry. By 2004, Galchev’s cement holdings produced 9.6 million tons of cement.

2018

According to Forbes, Galchev has a net worth of $1.09 billion, as of March 2018.