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In April 2019, he reduced his ownership shares of the LSR Group to 50.33% by selling shares (9.71%) after which Forbes listed his wealth at $950 million.

He has been the General Director of the LSR Group since June 2019.

In January 2018, Andrey Molchanov made the United States Department of Treasury "Oligarchs List" of persons who are close to Vladimir Putin.

Later, after leaving his post on the council of the federation committee of the federal assembly of the Russia federation in 2013, he returned to the LSR Group and became chairman of the board of directors from April 2013 until April 2015 and again from August 2018 to 2019. He has been Chairman of the Strategy and Investment Committee with the LSR Group since April 2015 and, since May 2015, the General Director, Chairman of the Management Board at the LSR Group. In 2015, he became a member of the board of directors with Razvitie LLC, and, between March 2016 and 2019, he was the President of the Association of National Association of Builders.

Andrey Molchanov was a member of the Federation Council representing Valeriy Serdyukov, the Governor the Leningrad Oblast (elected in January 2008), and the Chairman of the Council of Federation Committee on the Commonwealth of Independent States Issues (elected in December 2009). Representing the Leningrad Region, he was on the Council of the Federation of the Federal Assembly for the Russian Federation from 2008 until 2013.

In 2007 was appointed the Assistant of the Russian Federation public health services and social development Minister.

In 1993 graduated from the economic faculty of the St. Petersburg State University, in 1998 graduated from the Russian Academy of Public Administration under the President of the Russian Federation (RAPA). Andrey Molchanov also holds a doctorate in Economic Sciences.

In 1993 founded and was president till 2007 of Open Joint Stock Company LSR Group, one of the leading real estate development, construction and building materials companies of Russia. Originally, at the LSR Group, his friends Grigory Vedernikov, Georgy Bogachev, Igor Levit, and Yevgeny Yatsyshin were the top management who received support from Mikhail Romanov, who was the general director of Stroydetal OJSC (Russian: ОАО "Стройдеталь" ) and is an uncle of Andrey Molchanov (Russian: Михаил Романов ; b. 1957). While Molchanov was on the council of the federation committee of the federal assembly, Mikhail Romanov was the Chairman of the Board at the LSR Group.

His father, Yuriy Molchanov, as the KGB rezident and vice rector for international relations at Leningrad State University (LSU), is a business partner with Vladimir Putin, who was the elder Molchanov's plain clothes KGB assistant rector for international relations at LSU, through a joint venture formed during the spring 1991 with Procter & Gamble in which both Putin and the elder Molchanov received a 1% share total of the joint venture. The joint venture was formed to allow Procter & Gamble to enter the market in the Soviet Union and later, after the collapse of the Soviet Union in August 1991, Russia. Both the elder Molchanov and Putin received soap and detergent from Procter & Gamble as well. Later, Yuriy Molchanov became the Vice Governor for investment affairs for St. Petersburg which enabled Andrey Molchanov to rapidly expand his wealth.

Andrey Yuryevich Molchanov (Russian: Андрей Юрьевич Молчанов ; born September 24, 1971) is a Russian politician. He is the representative of the Leningrad Oblast in the Council of Federation of the Federal Assembly of the Russian Federation, and the founder and major shareholder of LSR Group (OJSC).