#2298
Sergei Katsiev
Overview
- Source of Wealth
- Retail, wholesale
- Industry
- Fashion & Retail
- Residence
- Moscow
- Education
- Moscow Institute of International Relations (Master)
- Marital Status
- Married
- Children
- 2
Biography
Sergei Katsiev, partner of billionaire Igor Kesaev, made his fortune in tobacco after the fall of the Soviet Union.
From 1991 to 1993, he worked in the government trade mission to the Netherlands.
When he returned to Russia, he headed Mercury Tobacco Corporation, an importer of tobacco products owned by Kesaev.
In 1998 Katsiev founded his own company, Megapolis, which also sold tobacco products.
In 2006 Katsiev and Kesaev merged their companies. Megapolis is now Russia's largest seller of tobacco products.
Philip Morris and Japan Tobacco International bought 40% of Megapolis for $1.5 billion in 2013.
About
Katsiev is now the owner of Nizhny Karmadon, a mineral water producer sourced from the Caucasus.