Andrei Skoch & family
Source of wealth: Metals and mining
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The scale of their wealth
Health
The price of life
Let's compare Andrei Skoch & family's fortune with the healthcare spending of a massive country
Andrei Skoch & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.1 years.
But even if we compare their fortune with that of a rich country
On the other end, Andrei Skoch & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Andrei Skoch & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.0 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Andrei Skoch & family could pay for it entirely for 2.7 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Andrei Skoch & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 11.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Andrei Skoch & family with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.3 years.
Gold
Everyday luxuries
Andrei Skoch & family's fortune is equivalent to 47 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Andrei Skoch & family could buy 12,486,426 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 2 trucks to transport them. Although Andrei Skoch & family will almost certainly have enough money left over to pay for the gas.
Biography
Andrei Skoch is a partner in Russian investment group, USM, and has been a member of the State Duma, Russia's legislative body, since 1999.
He and his former partner, Lev Kvetnoi, were born in a settlement near Moscow and studied at the same athletics school, Institute of Physical Culture.
The partners merged their business with that of billionaire Alisher Usmanov. Kvetnoi later sold out.
As a member of the Duma, he isn't allowed to own stakes in businesses so his shares in USM are held by his father Vladimir and his daughter Varvara.
Skoch was sanctioned by the U.S. in 2018 for "longstanding ties to Russian organized criminal groups," which he has denied. The EU and U.K. sanctioned him in 2022.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison