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Gavril Yushvaev

Russian businessman From Wikipedia, the free encyclopedia

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Gavril A. Yushvaev (Russian: Гаврил Юшваев; born July 23, 1957) is a Russian-born Israeli businessman and investor known for the foundation of Wimm Bill Dann and investing in Polyus Gold.

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According to Forbes, Yushvaev's net worth as of 2023 is $1.9 billion.[1]

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Biography

Gavril Yushvaev was born in Makhachkala, Dagestan.[2] He is certified by the Israeli Community of Porto as a descendant of Sephardic Jews.[1]

In 1980, Yushvaev was convicted of robbery and spent nine years in a Soviet prison camp, according to Wimm-Bill-Dann's prospectus for its 2002 IPO.[1] After his release in 1989, Yushavev partnered with David Yakobashvili. In 1993, they invested in the Lianozovo Dairy Plant, which later became Wimm Bill Dann.[2] In 2020, he applied for Portuguese citizenship but, as of 2023, the process is still pending.[3]

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Business ventures

Yushvaev became wealthy in the 1990s as the co-founder of Trinity which owned various businesses in Moscow. Yushvaev then invested in Wimm-Bill-Dann, a dairy and juice company. The company was founded in 1995[4] and had its initial public offering in 2002.[1] Yushvaev was the company's largest shareholder until 2010, when he sold his 19.6% stake in the company to PepsiCo for $1.1 billion.

In 2013, Yushvaev, along with another Russian businessman, purchased a 38% stake in Polyus Gold from Mikhail Prokhorov for $3.6 billion.[5] He sold his stake in Polyus Gold in 2015[6][7] and made a $100 million investment in Lyft in 2015 along with joining a consortium that invested $150 million in Humacyte in 2015, a US based biotechnology company. He has also invested in Delivery Hero in 2013, a German delivery service company, and Domo in 2018, a software company.[1]

Yushvaev has a holding company in Cyprus.[8]

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Personal life

Yushvaev is married and has eight children.[1][9]

References

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