Andrei Guryev
Source of wealth: Fertilizers
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Modules
Biography
Andrei Guryev and his family own almost 50% of PhosAgro, one of the world's largest producers of phosphate-based fertilizers.
He stepped down as deputy chairman of PhosAgro's board in March 2022 after his son was included in the EU sanction list. He was sanctioned later by the U.K. and U.S.
Meanwhile his son, Andrei A. Guryev, stepped down as CEO of PhosAgro around the same time.
A former communist committee leader in Moscow, Guryev got his start as deputy director at Mikhail Khodorkovsky's Menatep Group in 1990.
After Khodorkovsky, his former boss and once Russia's richest person, went to jail, Guryev led a buyout of Menatep subsidiary PhosAgro.
Financial Assets
The Great Lie of Mega-Fortunes: The Case of Andrei Guryev
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of Andrei Guryev, linked to Manufacturing and 'Fertilizers', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 77 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 4.8 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.