Andrei Molchanov

Largest shareholder in property developer LSR Group. Benefitting from rebound in property market after near collapse in 2008. New housing construction up 250% in St. Petersburg last year. Chairman of CIS affairs in the upper house of the Russian parliament. After receiving his economics PhD from St. Petersburg State University, started a residential construction business with a classmate in 1994. During the privatizations, bought one of the largest city-owned construction firms, Lenstroireconstruktsiya, or LSR. Listed its shares in 2007.