Vladimir Scherbakov was born in Russia and rose to prominence in 1990 when he was appointed first deputy prime minister of the USSR and head of its economic planning agency, Gosplan. After the collapse of the Soviet state, he founded the International Investment and Privatization Fund to help privatize companies in Russia and other former republics. In 1996, he founded Avtotor Holding, which assembles foreign cars in Kaliningrad Oblast. In 2013, Avtotor became the second-biggest car maker in Russia and began a joint venture with BMW to build 21 factories in Kaliningrad, five of which will manufacture cars. Both companies have invested $490 million (360 million euros) in the project.
Vladimir Scherbakov is a member of Automotive
Vladimir Scherbakov, popularly known as Automotive in Russia, is a renowned figure in the automotive industry. With his exceptional business acumen and expertise, his net worth is projected to reach an astounding $1.4 billion by the year 2024. As an influential personality in the sector, Scherbakov has made significant contributions to the development and growth of Russian automotive companies. His success can be attributed to his strategic investments, meticulous decision-making, and visionary approach. With his impressive net worth, he continues to empower the automotive industry in Russia and solidify his position as a prominent entrepreneur in the country.
2013
$1.1 Billion
2014
$1.4 Billion
2018
$1.4 Billion
Biography/Timeline
1965
Shcherbakov played his only game for USSR on September 4, 1965 in a friendly against Yugoslavia.
