Yuri Gushchin Net Worth

After the fall of the Soviet Union, he founded a company called United Confectioners, which became one of the largest candy producers in Russia. He also owns a stake in the Russian oil company Surgutneftegaz and is a major shareholder in the Russian bank VTB. Yuri Gushchin is a Russian businessman with a net worth of $1.6 billion. He began his career as an underground producer of consumer goods, particularly candy, during the Soviet era. After the fall of the Soviet Union, he founded United Confectioners, which became one of the largest candy producers in Russia. He also owns a stake in the Russian oil company Surgutneftegaz and is a major shareholder in the Russian bank VTB.
Yuri Gushchin is a member of Richest Billionaires

Age, Biography and Wiki

Birth Place Russia
Age 76 YEARS OLD
Net Worth: $1.6 Billion

💰 Net worth: $1.6 Billion (2024)

Yuri Gushchin Net Worth: Yuri Gushchin is a Russian businessman who has a net worth of $1.6 billion. Back in the Soviet era, Yuri Gushchin was operating as an underground producer of consumer goods, particularly candy. In the 1980s, when the perestroika movement in the union was in full swing, he became one of the first Russians to legalize his business. Upon the collapse of the Soviet Union in 1991, Gushchin went on to found Guta-Bank, in Moscow. By 1993, it started collaborating with Gosincor, a state-owned bank founded by President Boris Yeltsin to draw foreign investments and headed by Yeltsin's longtime friend and right-hand man Yuri Petrov.

Right after the 1998 Russian financial crisis, he purchased controlling stakes in some of the biggest confectionery factories in Moscow at the time and thus he established Obyedinennye Konditery. As for the buildings of his former Krasny Oktyabr candy company, he leases them to billionaire Mikhail Prokhorov's Snob magazine, Mikhail Abyzov's Digital October educational center and Alexander Mamut's Strelka Institute for Media, Architecture and Design. In 2008, he purchased the Coral Strand Hotel in the Seychelles, previously owned by British Airways, and next to it, he has just finished the construction of a new high-end hotel, Savoy Resort and Spa.