Gavril Yushvaev
Gavril Yushvaev | |
|---|---|
| Born | July 23, 1957 Makhachkala, Dagestan |
| Occupations | Businessman, investor |
Gavril A. Yushvaev (Russian: Гаврил Юшваев; born 23 July 1957) is a Russian-born Israeli businessman and investor. He is best known as a co-founder of Wimm Bill Dann and as an investor in Polyus Gold.
According to Forbes, Yushvaev's net worth stood at $1.9 billion as of 2023.[1]
Biography
Gavril Yushvaev was born in Makhachkala, Dagestan.[2] He has been certified by the Israeli Community of Porto as a descendant of Sephardic Jews.[1]
In 1980, Yushvaev was convicted of robbery and spent nine years in a Soviet prison camp, a fact disclosed in Wimm-Bill-Dann's prospectus for its 2002 IPO.[1] Following his release in 1989, he partnered with David Yakobashvili. In 1993, the two invested in the Lianozovo Dairy Plant, which later became Wimm Bill Dann.[2] In 2020, he applied for Portuguese citizenship, but the application remained pending as of 2023.[3]
Business ventures
Yushvaev amassed his wealth in the 1990s as co-founder of Trinity, a company that owned a range of businesses in Moscow. He subsequently invested in Wimm-Bill-Dann, a dairy and juice producer. The company was founded in 1995[4] and held its initial public offering in 2002.[1] Yushvaev remained the largest shareholder until 2010, when he sold his 19.6 per cent stake to PepsiCo for $1.1 billion.
In 2013, Yushvaev, together with another Russian businessman, acquired a 38 per cent stake in Polyus Gold from Mikhail Prokhorov for $3.6 billion.[5] He sold his holding in Polyus Gold in 2015[6][7] and, in the same year, made a $100 million investment in Lyft and joined a consortium that invested $150 million in Humacyte, a US-based biotechnology company. He had earlier invested in the German delivery service Delivery Hero in 2013, and in the software company Domo in 2018.[1]
Yushvaev maintains a holding company in Cyprus.[8]
Personal life
References
- 1 2 3 4 5 6 McEvoy, Jemima. "Why Israel Became A Safe Haven For Russian Billionaires". Forbes. Retrieved 2023-03-03.
- 1 2 "Against interests of powerful owners: why attempted takeover of Inskoy Pit failed?". 22 November 2016. Archived from the original on 20 November 2019. Retrieved 10 February 2019.
- ↑ "Gavril Yushvaev? "É sefardita de origem portuguesa"". Notícias ao Minuto (in Portuguese). 2023-03-14. Retrieved 2023-07-22.
- ↑ Marshall I. Goldman, The Piratization of Russia: Russian Reform Goes Awry (Routledge, 2003), p. 217.
- ↑ Karlee Weinmann, Billionaire Pair Pays $3.6B For Tycoon's Polyus Gold Stake, Law360 (22 February 2013).
- ↑ "Polyus Gold стала почти семейным предприятием" (in Russian). kommersant.ru. 4 November 2015. Retrieved 2 February 2023.
- ↑ Диана Асонова (30 September 2015). "Polyus Gold стала почти семейным предприятием" (in Russian). reuters.com. Retrieved 2 February 2023.
- ↑ Samuel, Juliet (2013-03-29). "City Diary: oligarchs cut storm damage". The Times. Retrieved 2024-09-30.
- ↑ "Гаврил Юшваев и семья". Forbes.ru (in Russian). Retrieved 2024-09-30.