Filaret Galchev Net Worth

Filaret Galchev is a Russian businessman born in 1963 in Moscow. He began his career in coal, but made his fortune in cement, buying plants from Stern Cement and Inteko. His Eurocement Group is now the largest cement producer in Russia. In 2016, Galchev lost his 6.2% stake in LafargeHolcim due to a margin call, and his Eurocement agreed to restructure its loans with Sberbank.
Filaret Galchev is a member of Construction & Engineering

Age, Biography and Wiki

Birth Year 1963
Birth Place Moscow, Russia, Russia
Age 60 YEARS OLD
Residence Russia
Occupation Owner & chairman, Eurocement group
Children 2

💰 Net worth: $1 Billion (2024)

Filaret Galchev, a prominent figure in the construction and engineering industry in Russia, is projected to have a net worth of $1 billion by 2024. As a highly successful entrepreneur and key player in the sector, Galchev has made significant strides in expanding his business empire and accumulating a substantial fortune. With his expertise and strategic business ventures, he has managed to amass considerable wealth, making him one of the wealthiest individuals in the country. Known for his astute business acumen and relentless pursuit of success, Galchev's net worth is a testament to his remarkable achievements in the construction and engineering field.

2010 $2.4 Billion
2011 $3.5 Billion
2012 $4.4 Billion
2013 $6.7 Billion
2014 $6 Billion
2015 $4.4 Billion
2016 $1.5 Billion
2017 $1.3 Billion
2018 $1.06 Billion

Some Filaret Galchev images

Biography/Timeline

1996

In 1996, Galchev and his partner, Georgy Krasnyansky, created Rosuglesbyt which became a leading Russian coal enterprise. Then in 2000, Galchev partnered with Sergei Generalov, then Russian Minister of Fuel and Energy, to privatize the Krasnoyarsk Coal Company. In 2002, Galchev sold his stake in the company to the MDM Group and immediately bought shares of Sterncement because he saw potential in the cement industry. By 2004, Galchev’s cement holdings produced 9.6 million tons of cement.

2018

According to Forbes, Galchev has a net worth of $1.09 billion, as of March 2018.