Andrei Rogachev
Fashion and Retail

Andrei Rogachev Net Worth

1 year from now

Andrei Rogachev is a Russian entrepreneur who was born on January 17, 1964 in Tula, near Moscow. He is the co-founder of the Russian food discount chain Pyatyorochka (now X5 Retail Group) and the grocery hypermarket chain Carousel. In 2006, Pyatyorochka merged with Perekriostok, a majority-owned subsidiary of Russia's Alfa Group, and in 2009 Carousel merged with X5. Rogachev resigned from the X5 board three years ago to be able to sell stock freely. His real estate assets have not been doing well, and his St. Petersburg based development company Macromir and entities in his LEK Group are facing bankruptcy due to heavy debts and lawsuits. Rogachev graduated from the Institute of Hydrometeorology in St. Petersburg and in the 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 his business.
Andrei Rogachev is a member of Fashion and Retail

Age, Biography and Wiki

Birth Day January 17, 1964
Birth Place Russia
Age 60 YEARS OLD
Birth Sign Aquarius
Residence Switzerland
Occupation Entrepreneur

💰 Net worth: $1.2 Billion (2024)

Andrei Rogachev, a prominent figure in the fashion and retail industry in Russia, is set to have an estimated net worth of $1.2 billion by the year 2024. Known for his expertise and influence in the sector, Rogachev has built a successful career through his innovative business strategies and keen understanding of the market. With a strong presence in the Russian fashion industry, he has established numerous retail ventures that have contributed significantly to his wealth accumulation. As an influential force in the industry, Andrei Rogachev continues to make remarkable strides, solidifying his position as an esteemed entrepreneur in the fashion and retail landscape.

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 .

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.