Albert Avdolyan

$7.13 B

Ranked #550 in World

About Albert Avdolyan

Albert Alikovich Avdolyan, a notable Russian investor, businessman, and philanthropist recognized for founding Yota, the pioneering LTE operator in Russia, has made significant strides across various sectors since co-establishing Scartel Telecommunications with Sergey Adoniev in 2007. His ventures range from revolutionizing wireless Internet access with WiMAX technology under Yota in 2008 to acquiring and revitalizing the Yakut Fuel and Energy Company (YATEC) in 2019, steering it away from bankruptcy. Avdolyan's strategic investments include taking complete ownership of the Elga coal complex in 2020, and merging major coal assets into ELSI Coal Company in 2022, positioning it as a top tier coal mining entity in Russia. Furthermore, he's embarked on an ambitious infrastructure project, the Pacific Railway, aimed at linking the Elga coal deposit with Port Elga, showcasing a commitment to enhancing Russia's coal industry infrastructure. Aside from his business acumen, Avdolyan's philanthropic efforts, particularly the founding of the "New Home" charitable foundation in 2013 and initiating the "Point of the Future" educational complex, underscore his dedication to aiding disadvantaged children. Avdolyan balances his professional and investment achievements with a fulfilling personal life as a married father of four.

Born

November 08, 1970 in Krasnodar, RSFSR, USSR

Age

55 years

Source Of Wealth

Oil, Mining

Industries

Energy

Citizenship

Russia

Residence

Moscow

Education

Master of Laws, Irkutsk State University

Children

Albert Alikovich Avdolyan, a prominent Russian investor, businessman, and philanthropist, was born in Russia. Details about his early years and childhood remain private.

Albert Avdolyan: Family

Albert Avdolyan is a family man and a father of four children. However, specific information about his family members and their identities is not publicly available.

Albert Avdolyan: Career Highlights

Albert Avdolyan's career is marked by significant achievements in various industries. Here are some of his notable career highlights:

Establishment of Yota: Co-founded Scartel Telecommunications Company with Sergey Adoniev in 2007. Launched wireless Internet access using WiMAX technology under the Yota brand in 2008. Became the first LTE operator in Russia in 2011.
Hydrometallurgical Plant: Entered the capital of a group of enterprises for mineral fertilizers and ligatures in 2018. Restructured debts and repaid wage arrears, leading to the plant's restart in 2018. Modernized the plant and increased annual revenue. Renamed the group of enterprises to Almaz Group and sold it in 2022.
Yakut Fuel and Energy Company: Acquired Yakut Fuel and Energy Company (YATEC) in 2019. Rescued the company from bankruptcy and became the majority shareholder. Announced plans to invest over RUB 4.7 billion in industrial safety, ecology, and infrastructure renovation.
Elga Coal Deposit: Acquired 51% of shares in Elgaugol, LLC, Elga-Doroga, LLC, and Mechel-Trans-Vostok LLC from Mechel, PJSC in 2020. Implemented an investment program to increase coal mining and processing. Exercised an option to purchase 49% of the Elga project from Gazprombank, becoming the 100% owner of the Elga coal complex.
ELSI Coal Company: Consolidated the shares of Sibanthracite group in 2022. Merged coal asset management into Elga-Sibanthracite Management Company, LLC (ELSI). ELSI became one of the top three Russian coal mining companies. Assets include the Elga Coal Complex, Razrez Kolyvansky, JSC, Razrez Vostochny, LLC, Razrez Kiyzassky, LLC, Razrez Verkhneteshsky, LLC, Ogodzhinskoye deposit, Port Vera, and Pacific Railway.

Pacific Railway: Infrastructure megaproject of ELSI coal company. Will connect the Elga coal deposit with the Port Elga offshore coal terminal. Length of 531 km with 1 intermediate depot and 18 rail junctions. Total length of railway owned by the company will be about 1,200 km after completion. Investments estimated at RUB 146.6 billion, funded by the investor. Construction in challenging climatic conditions and remote areas.

Albert Avdolyan: Companies

Albert Avdolyan has been involved with several notable companies throughout his career, including:

Yota
Almaz Group
Yakut Fuel and Energy Company (YATEC)
Elgaugol, LLC
Elga-Doroga, LLC
Mechel-Trans-Vostok LLC
Sibanthracite group
Elga-Sibanthracite Management Company, LLC (ELSI)
Pacific Railway

Albert Avdolyan: Major Achievements

Albert Avdolyan's major achievements include:

Establishing Yota as the first LTE operator in Russia.
Restructuring and reviving the hydrometallurgical plant, increasing annual revenue.
Rescuing Yakut Fuel and Energy Company from bankruptcy and becoming the majority shareholder.
Acquiring and developing the Elga coal deposit, becoming the 100% owner of the Elga coal complex.
Consolidating coal asset management into ELSI, making it one of the top three Russian coal mining companies.
Initiating the Pacific Railway infrastructure megaproject, connecting the Elga coal deposit with Port Elga.

Albert Avdolyan: Awards & Achievements

Albert Avdolyan has received various awards and recognition for his contributions, including:

Order of Friendship (2018)
Medal "For Services to the Republic of Sakha (Yakutia)" (2019)
Honorary Citizen of the Republic of Sakha (Yakutia) (2020)
Order of Merit for the Republic of Sakha (Yakutia) (2021)

Albert Avdolyan: Personal Life & Legacy

Albert Avdolyan leads a private personal life and values his family. He is married and has four children. Avdolyan is known for his philanthropic efforts through the Charitable Foundation for Assistance to Disabled Children, Orphans and the Seriously Ill Children "New Home." He aims to build educational complexes for orphans and disabled children, with the first one being "Point of the Future" in Irkutsk.

Albert Avdolyan: Trivia

Here are some interesting facts about Albert Avdolyan:

He is an avid traveler and has visited over 50 countries.

Avdolyan is a sports enthusiast and enjoys skiing, snowboarding, and cycling.
He is a patron of the arts and supports various cultural initiatives.
Avdolyan is known for his commitment to social responsibility and sustainable development.

Wealth History

Timeline

2007

Co-founded Scartel Telecommunications Company with Sergey Adoniev.

2008

Launched wireless Internet access using WiMAX technology under the Yota brand.

2011

Became the first LTE operator in Russia.

2013

Withdrew from the capital of Garsdale Services Holding.

2018

Entered the capital of a group of enterprises for mineral fertilizers and ligatures.

2018

Restructured debts and repaid wage arrears, leading to the plant's restart.

2019

Acquired Yakut Fuel and Energy Company (YATEC).

2020

Acquired 51% of shares in Elgaugol, LLC, Elga-Doroga, LLC, and Mechel-Trans-Vostok LLC from Mechel, PJSC.

2022

Consolidated the shares of Sibanthracite group.

2022

Renamed the group of enterprises to Almaz Group and sold it.

2013

Founded the Charitable Foundation for Assistance to Disabled Children, Orphans and the Seriously Ill Children "New Home".

2022

Construction of the second educational complex in the Republic of Sakha (Yakutia) began.

Albert Avdolyan : FAQs

What is Albert Avdolyan's current net worth?

Albert Avdolyan's current net worth is $7.13 billion.

What is Albert Avdolyan's current global rank among billionaires?

Albert Avdolyan holds the 550th position globally among billionaires.

What is Albert Avdolyan's current ranking within the Russia?

Albert Avdolyan holds the 25th position in Russia.

What was the change in Albert Avdolyan's net worth compared to the previous year?

Albert Avdolyan's net worth increased by 2.1 billion dollars compared to the previous year 2025, when his net worth was 5.03 billion dollars.

What are Albert Avdolyan's main sources of wealth?

Albert Avdolyan's main source of income comes from Oil, Mining.

In which industry does Albert Avdolyan primarily operate?

Albert Avdolyan is primarily involved in the Energy industry.

What is Albert Avdolyan educational background?

Albert Avdolyan holds a Master of Laws from Irkutsk State University.

How old is Albert Avdolyan?

Albert Avdolyan is 55 years old.

How many children does Albert Avdolyan have?

Albert Avdolyan has 4 children.

Who is Albert Alikovich Avdolyan and what are his major contributions?

Albert Alikovich Avdolyan is a Russian investor, businessman, and philanthropist known for founding Yota, the first LTE operator in Russia, and for his significant contributions in various sectors including telecommunications and coal mining.

What milestones did Albert Avdolyan achieve with the establishment of Yota?

Albert Avdolyan co-founded Scartel Telecommunications Company in 2007, launched wireless Internet access under the Yota brand in 2008 using WiMAX technology, and led Yota to become the first LTE operator in Russia in 2011.

How did Albert Avdolyan impact the Yakut Fuel and Energy Company and the Elga Coal Deposit?

Albert Avdolyan acquired the Yakut Fuel and Energy Company in 2019, rescuing it from bankruptcy, and in 2020, acquired 51% of the Elga coal complex, later becoming its 100% owner, significantly investing in their development and environmental initiatives.

What is the significance of the Pacific Railway project for ELSI Coal Company?

The Pacific Railway project, an infrastructure megaproject of ELSI Coal Company, aims to connect the Elga coal deposit with the Port Elga offshore coal terminal, marking a significant development with its 531 km railway, enhancing coal transportation capabilities.

How has Albert Avdolyan contributed to charity and supported the community?

Albert Avdolyan founded the Charitable Foundation "New Home" in 2013 to assist disabled children, orphans, and the seriously ill, with projects like the "Point of the Future" educational complex, and has supported various other charitable initiatives including flood relief efforts.