David Yakobashvili

$1.20 B

Ranked #1372 in World

About David Yakobashvili

David Mikhaylovich Yakobashvili, a pivotal figure in Russia's business landscape, co-founded Wimm-Bill-Dann, a leading food producer, and played a crucial role in its growth until its acquisition by PepsiCo for over $600 million in 2010. With a net worth peaking at $1.2 billion in 2014, Yakobashvili has held significant positions including Vice-president of the Russian Union of Industrialists and Entrepreneurs and President of the Russian-American Business Council. His ventures span from founding Petrocas Energy Holding with substantial revenues to initiating GreenBooster, aimed at reducing fuel emissions. Additionally, Yakobashvili's investments extend to Africa's mineral sector and Russia's bioenergy industry. A renowned collector, he established the "Collection" museum in Moscow, showcasing his vast array of art and mechanical instruments.

Born

March 02, 1957 in Tbilisi, Georgian SSR

Age

69 years

Source Of Wealth

Oil, Real Estate

Industries

Energy

Citizenship

Russia

Residence

Moscow

David Mikhaylovich Yakobashvili was born on July 23, 1963, in the city of Tbilisi, Georgian SSR, Soviet Union (present-day Georgia). His early years were spent in Tbilisi, where he attended local schools and developed an interest in business and entrepreneurship.

David Yakobashvili: Family

David Yakobashvili comes from a close-knit family. His father, Mikhail Yakobashvili, was a successful businessman, while his mother, Bella Yakobashvili, was a homemaker. David has two siblings, a brother named Alexander and a sister named Tamara.

David Yakobashvili: Career Highlights

David Yakobashvili's career is marked by several significant achievements. He co-founded Wimm-Bill-Dann, one of the largest Russian food producers, and served as its Chairman of the Board of Directors. He also played a key role in the sale of Wimm-Bill-Dann to PepsiCo in 2010 for over US$600 million.

In addition to his work in the food industry, David Yakobashvili has held various leadership positions in other sectors. He is the Vice-president of the Russian Union of Industrialists and Entrepreneurs, an Independent director of AFK Sistema PAO, and the President of the Russian-American Business Council.

David Yakobashvili: Companies

David Yakobashvili has been involved with several notable companies throughout his career. He co-founded Wimm-Bill-Dann and served as its Chairman of the Board of Directors. He is also the joint proprietor of Petrocas Energy Holding Ltd., a company with a chain of gas stations in Georgia, Armenia, Azerbaijan, and Kazakhstan.

Additionally, David Yakobashvili is the President of Orion Heritage Co, Ltd, which operates the private museum "Collection" in Moscow, Russia. He is also the President of the "InOil" Research and Production Group and the co-owner and chairman of the board of directors of "Bioenergy" Corporation.

David Yakobashvili: Major Achievements

David Yakobashvili has achieved significant success in various fields. He was instrumental in the growth and success of Wimm-Bill-Dann, transforming it into one of the largest food producers in Russia. He also played a key role in the company's initial public offering on the New York Stock Exchange in 2002.

David Yakobashvili's contributions to the business community have been widely recognized.

He has received numerous awards and honors, including the Medal "In Memory of the 850th Anniversary of Moscow," the Pro Merito Medal of the Council of Europe, and the "Entrepreneur of the Year 2003" award from Ernst & Young.

David Yakobashvili: Awards & Achievements

David Yakobashvili has been the recipient of numerous prestigious awards and recognitions throughout his career. Some of his notable awards include:

Medal "In Memory of the 850th Anniversary of Moscow"
Testimonial letter of the Government of the Russian Federation
Pro Merito Medal of the Council of Europe
"The Men of the Year 2001" (Russian Biography Institute)
"Person of the Year 2002" (Rosbuisinessconsulting)
"Entrepreneur of the Year 2003" (Ernst & Young)
Commemorative award for contribution to corporate management development (2008)
Best Chairman of Board of Directors (Association of Independent Directors) in 2008
"Success" and "Choice of the Audience" awards from "Kommersant" publishing house in 2012
Appreciation from the Administration of the President of the Russian Federation for active participation in preparing and holding a meeting of Heads of Governments of B20 in 2013

David Yakobashvili: Personal Life & Legacy

David Yakobashvili is married and has two children. He is known for his philanthropic efforts and has made significant contributions to various charitable causes. He is also an avid collector of mechanical musical instruments, clocks, and caskets, Russian bronze, art silver, and items of Russian and West-European Applied and Decorative Arts.

David Yakobashvili's legacy is one of entrepreneurship, innovation, and social responsibility. He has made a lasting impact on the Russian business landscape and has inspired countless individuals to pursue their own entrepreneurial dreams.

David Yakobashvili: Trivia

David Yakobashvili is a passionate collector of mechanical musical instruments, clocks, and caskets, Russian bronze, art silver, and items of Russian and West-European Applied and Decorative Arts.
He opened the museum "Collection" in the center of Moscow in 2018-2019, showcasing his extensive collection of over 20 thousand exhibits.

David Yakobashvili is actively involved in promoting Russian culture and art, supporting various cultural initiatives and events.
He is a member of the Board of Trustees of the Bolshoi Theatre and the Moscow Museum of Modern Art.
David Yakobashvili is also known for his philanthropic activities, supporting numerous charitable organizations and causes.

Wealth History

Timeline

1992

Wimm-Bill-Dann was established by Sergei Plastinin and Mikhail Dubinin.

1994

Wimm-Bill-Dann introduced the "J7" brand.

1995

Wimm-Bill-Dann acquired the shares of the Lianozovsky Plant and began producing dairy products.

2002

Wimm-Bill-Dann conducted an initial public offering on the New York Stock Exchange, becoming the first Russian food company to carry out an IPO.

2010

David Yakobashvili sold Wimm-Bill-Dann to PepsiCo for over US$600 million.

2011

Wimm-Bill-Dann was acquired by PepsiCo Corporation for US$5.7 billion.

2013

David Yakobashvili joined the Presidential International Council of the New York University (NYU).

2013

David Yakobashvili co-chaired the B20 Task Force "Job creation, employment, and investment in human capital".

2014

David Yakobashvili's net worth was estimated at US$1.2 billion (2014 Forbes Russia ranking).

2014

Rosneft company purchased 49% of the Petrocas shares.

2017

David Yakobashvili engaged in the purchase and sale of gold, tin, tantalum, cobalt, and other raw materials from Africa.

2017

David Yakobashvili acquired shares in Tams (Rwanda) and Coproco (Democratic Republic of the Congo).

2017

Tams Company announced its intention to become a leading exporter of 3T Mineral ("conflict minerals").

2018

David Yakobashvili opened the museum "Collection" in the center of Moscow.

2019

David Yakobashvili's net worth was estimated at US$0.75 billion (2019 Forbes Russia ranking).

David Yakobashvili : FAQs

What is David Yakobashvili's net worth?

As of 2014, David Yakobashvili's net worth was $1.20 billion.

What are David Yakobashvili's main sources of wealth?

David Yakobashvili's main source of income comes from Oil, Real Estate.

In which industry does David Yakobashvili primarily operate?

David Yakobashvili is primarily involved in the Energy industry.

How old is David Yakobashvili?

David Yakobashvili is 69 years old.

How many children does David Yakobashvili have?

David Yakobashvili has 1 children.

Who is David Mikhaylovich Yakobashvili and what is his connection to Wimm-Bill-Dann?

David Mikhaylovich Yakobashvili is a co-founder of Wimm-Bill-Dann, one of the largest Russian food producers, and served as its former Chairman of the Board of Directors. He played a significant role in the company's success and its eventual sale to PepsiCo in 2010 for over US$600 million.

What are some key achievements and roles of David Yakobashvili outside Wimm-Bill-Dann?

Beyond Wimm-Bill-Dann, David Yakobashvili has held prominent roles such as Vice-president of the Russian Union of Industrialists and Entrepreneurs, Independent director of AFK Sistema PAO, President of the Russian-American Business Council, and has been involved in various other business and cultural initiatives.

Can you detail David Yakobashvili's involvement in philanthropy and the arts?

David Yakobashvili is a well-known collector and philanthropist, particularly noted for opening the private museum 'Collection' in Moscow, which houses over 20 thousand exhibits of mechanical musical instruments, clocks, caskets, and art pieces. His contributions to culture and the arts are significant in Russia.

What significant business venture did David Yakobashvili undertake with Petrocas Energy Holding Ltd?

David Yakobashvili is a joint proprietor of Petrocas Energy Holding Ltd, which operates a chain of 135 gas stations across Georgia, Armenia, Azerbaijan, and Kazakhstan, along with owning two oil terminals in Georgia. The company has an annual revenue of around US$1.2 billion, with Rosneft acquiring 49% of its shares in December 2014.

How has David Yakobashvili contributed to environmental sustainability through GreenBooster?

In 2013, David Yakobashvili founded GreenBooster under the 'InOil' Research and Production Group. GreenBooster is a multifunctional additive for gasoline, diesel fuel, and fuel oil that aims to reduce fuel consumption and emissions of harmful combustion products, showcasing his commitment to environmental sustainability.