Andre Agapov Net Worth: Estimate, Sources, and How to Verify

Andre Agapov, the Russian-born mining executive who founded Grupo Agapov and built Rusoro Mining into Venezuela's largest gold producer, has an estimated net worth of roughly $62 million to $85 million as of early 2026. For a deeper look at reported figures and how they change over time, see also the yakov arabov net worth page. That range comes from two separate financial data platforms tracking his publicly disclosed stake in Rusoro Mining, and the gap between them is almost entirely explained by different snapshot dates and methodological choices rather than any genuine uncertainty about who he is or what he owns.

First, make sure you have the right Agapov

The name "Agapov" turns up across several jurisdictions and industries, so it is worth being precise before you put any number to a name. The Andre Agapov relevant to this profile is Andre Vladimir Agapov, a Russian national who operated out of Caracas, Venezuela in the early 2000s, founded Grupo Agapov, and has served as CEO and President of Rusoro Mining Ltd. (a TSX-listed gold mining company) since 2007. His identity is confirmed in SEC EDGAR filings from 2008, Rusoro's own press releases detailing insider share purchases, ICSID/World Bank arbitration documents, and corporate directory entries on platforms like MarketScreener and TheOrg.

Several other individuals share the name and could confuse your search. A French corporate directory (Pappers.fr) lists an "Andre Agapov" born December 1968 who manages SCI real-estate entities in France. FindLaw case records include an "Andre Agapov" as a defendant in a New York appellate matter involving International Credit Brokerage. Neither of these is the same person as the Rusoro executive. If you are arriving here from a general search, the mining and Venezuelan business context is the decisive identifier: if the result you are reading does not mention Rusoro Mining, Grupo Agapov, or Venezuelan gold operations, you are looking at someone else entirely.

The net worth estimate: figures, range, and date

Two credible financial data platforms publish estimates for Andre Vladimir Agapov, and they are the best publicly available references as of May 2026:

The most useful working estimate is a range of approximately $62 million to $85 million (USD), with mid-2026 as the reference period. The lower end reflects current market pricing of his Rusoro stake as tracked by MarketScreener; the higher end reflects GuruFocus's cumulative insider-trade calculation, which may lag the current stock price but captures a fuller picture of accumulated share value. Neither figure accounts for private assets, real estate, offshore holdings, or cash, so treat both as floor estimates rather than comprehensive wealth tallies.

How these estimates are calculated

Both platforms anchor their calculations to the same underlying fact: Andre Agapov's disclosed stake in Rusoro Mining. According to a Rusoro press release covering his open-market share purchases, Agapov held 87,066,167 common shares representing 15.98% of issued and outstanding shares before factoring in stock option dilution. On a partially diluted basis (including outstanding options), that figure rises to approximately 18.26%. The ICSID/World Bank arbitration documents also reference his continued control stake, describing how he and family members maintain controlling shareholder and directorial positions in Rusoro.

GuruFocus explicitly states it derives its estimate from SEC insider information (Form 4 filings) and assumes no transactions were made after August 8, 2023. It multiplies the last reported share count by stock price at the time of its calculation to arrive at "at least $85 million." The phrase "at least" is important: GuruFocus is flagging that this is a minimum based on one identified public holding, not a total wealth number. MarketScreener takes a similar approach but uses its own market-price snapshots, which is why the $62 million and $64 million figures vary slightly between January and March 2026 snapshots as Rusoro's share price moved.

What is excluded from both estimates is significant. Neither platform attempts to value Agapov's private business interests, any real estate holdings, cash or liquid assets, or indirect stakes held through Grupo Agapov or other private vehicles. The true net worth could be materially higher once those are factored in, but there is no publicly disclosed data to quantify them.

Where Agapov's wealth came from

Agapov's wealth-building story runs through Venezuela's gold sector during a period when foreign investment in that market was both lucrative and politically complex. His career path, as documented in SEC filings and MarketScreener's corporate biography, looks like this:

1. General Manager at Olbi International and President at MFC Securities (Jersey): early financial and commodities industry roles that built his capital base and network.
2. Founder of Grupo Agapov and CEO of Mineria MS (September 2002 to October 2006): established exploratory drilling programs in Venezuela, building the operational foundation that would become Rusoro's asset base.
3. CEO of Ruscaolin (2006): another Venezuelan mining entity, consolidating regional expertise.
4. Director of Hannan Metals: a board-level role demonstrating broader mining sector involvement.
5. CEO and President of Rusoro Mining Ltd. (2007 to present): the apex of his corporate career, overseeing Rusoro's acquisition of Venezuelan gold mining assets and subsequent arbitration against Venezuela after nationalization.

The core value driver is Rusoro's ongoing ICSID arbitration claim against Venezuela, which relates to the nationalization of the company's gold mining assets. A Delaware Court framework has been established to handle the priority and distribution of any recovered amounts, including potential auctions involving PDV Holding shares (the Venezuelan state oil company's U.S. holding entity). If Rusoro prevails or reaches a significant settlement in that arbitration, the value of Agapov's roughly 16-18% stake could increase dramatically. Conversely, if the claim yields little, his equity value could stagnate or decrease. This single legal and financial variable is the biggest uncertainty hanging over any current net worth estimate.

Why different sites report different numbers

The $62 million versus $85 million gap is not a sign of error or poor research on anyone's part. It reflects genuinely different methodological choices, and understanding those choices helps you use the numbers correctly.

• Snapshot date: Stock prices move daily. MarketScreener's March 30, 2026 estimate of $62 million versus its January 31, 2026 estimate of $64 million reflects simple price movement in Rusoro shares between those two dates. GuruFocus's $85 million figure uses a February 2026 calculation date but anchors to the last reported transaction in August 2023, which may reflect a higher price point or slightly different share count.
• Transaction lag: GuruFocus explicitly assumes no insider transactions after August 8, 2023. If Agapov has bought or sold shares since then and those filings have not been incorporated, the share count used in GuruFocus's calculation could be slightly off from current reality.
• Currency: Rusoro Mining trades on the TSX in Canadian dollars. Both platforms appear to convert to USD, but exchange rate assumptions can shift the final figure by several percentage points depending on the conversion date used.
• Scope of assets: MarketScreener's figure is framed as "known holdings in public companies," which is a narrow, explicitly partial measure. GuruFocus uses similar sourcing but frames it as a minimum net worth. Neither claims to represent total wealth.
• Private asset exclusions: No financial data platform has access to Agapov's private company stakes, real estate, bank balances, or other non-disclosed assets. Any figure you see online is therefore structurally a lower bound.

Recent developments that could move the number

The biggest near-term variable for Agapov's net worth is the Rusoro arbitration outcome. Rusoro's website currently references an active Delaware Court framework involving priority claims and potential auctions of PDV Holding shares as part of the enforcement mechanism for its ICSID award against Venezuela. If those proceedings result in a meaningful cash recovery for Rusoro, the company's equity value would increase substantially, and Agapov's 15-18% stake would rise with it. Depending on the scale of any recovery, the jump could push his equity-based net worth well above the current $85 million ceiling from GuruFocus.

On the downside, the Venezuelan political and legal environment remains volatile, and enforcement of international arbitration awards against sovereign states is notoriously slow and uncertain. Rusoro has been in this process for years, and delays or adverse rulings could suppress Rusoro's share price further. Media reporting has also connected Agapov's background to politically sensitive Russian business networks, which could create additional reputational or sanctions-related risks to monitor, though no confirmed sanctions actions against him personally had been identified as of this writing.

It is also worth noting that Agapov's last disclosed insider transaction, per GuruFocus, was in August 2023. Any subsequent open-market purchases or sales filed with regulators since then would not be reflected in platforms that have not updated their Form 4 data pipeline. Checking SEC EDGAR directly for recent Form 4 filings under his name is the most reliable way to catch any post-2023 changes to his share count. If you want more detail on his personal finances and how the estimate is calculated, see the discussion of Yakov Lapitsky net worth.

How to verify the estimate yourself

If you want to go beyond the headline numbers and check the underlying evidence, here is the practical approach:

1. Confirm identity first: Search SEC EDGAR (sec.gov) for filings referencing "Andre Agapov" or "Andre Vladimir Agapov" as an insider. The 2008 exhibit filing and subsequent Form 4 filings are the primary anchors. Cross-check with Rusoro Mining's press releases on their official site for named share purchase announcements.
2. Get the current share count: Check the most recent Form 4 filed by Agapov on EDGAR. Multiply the reported share count by Rusoro Mining's current TSX share price (convert to USD using the current CAD/USD exchange rate).
3. Check both financial data platforms: Pull the current estimates from GuruFocus (search 'Andre Vladimir Agapov net worth') and MarketScreener (search 'Andre Agapov Rusoro'). Note the valuation date shown on each page and treat any figure without a clear date as unreliable.
4. Read the Rusoro legal updates: Visit Rusoro Mining's website and review any recent press releases about the ICSID arbitration, Delaware Court proceedings, or PDV Holding auction status. This context tells you whether the equity value is likely trending up or down.
5. Apply a conservative multiplier for private assets: If you need a rough total wealth estimate, many wealth analysts apply a 1.3x to 1.5x multiplier to an executive's publicly disclosed equity stake to account for non-disclosed assets. For Agapov, that would put a rough total wealth range at approximately $80 million to $130 million, though this is a modeling convention, not a verified figure.
6. Compare across similar profiles: Looking at other Eastern European executives and Russian-origin mining entrepreneurs in public company roles can calibrate whether the range looks plausible. Profiles of other prominent Eastern European business figures tracked on this site provide useful context for relative wealth scale.

Putting the number in context

An estimated net worth of $62 million to $85 million (USD, mid-2026) places Andre Agapov comfortably in the category of a wealthy mining executive with significant concentrated exposure to a single illiquid equity position rather than a diversified oligarch fortune. For a quick overview, you can also look up Arlovski net worth, which often gets compared to other Russia-linked mining figures. Some sources also estimate Yakov Smirnoff net worth, but those figures are typically unrelated to Andre Agapov’s Rusoro-based estimates. His wealth is not in the multi-billion-dollar range of the major Russian oligarchs or the top-tier resource sector magnates, but it is substantial and largely tied to one strategic bet: that Rusoro's legal claim against Venezuela will eventually yield a real cash return. That makes his net worth more volatile and harder to pin down precisely than someone with a diversified, liquid portfolio. The range reported here reflects that underlying uncertainty honestly, which is more useful than false precision. If you are also trying to compare related figures for other investors, you can review Samuel Reshevsky net worth as a separate example of how reported estimates differ by source.