Dmitry Kamenshchik

Dmitry Vladimirovich Kamenshchik (; born April 26, 1968) is a Russian businessman, chairman of Moscow Domodedovo Airport, the sole shareholder in Moscow Domodedovo Airport, owner of DME Ltd., the Airport holding company.

In April 2024, Forbes ranked Kamenschik #62 in its list of Russian billionaires with a net worth of USD 2.2 billion.

Biography

Kamenshchik was born in 1968 in Sverdlovsk (Yekaterinburg, Russia), in a family of radio physicists, the Urals Polytechnic Institute (UPI) alumni. His father managed a computer center at Uralgiprotrans, his mother had a similar role in the classified geodesy and mapping organization.

He started his high education on the Faculty of Physics and Energy Engineering at the Moscow Power Engineering Institute, but was conscripted and served in the Soviet Army from 1986 to 1988.

Business

In 1991, Kamenschik became the main Moscow representative of East Line, an air transportation company founded by Yekaterinburg-based entrepreneur Anton Bakov.

In the early 1990s, East Line established its business in the Moscow Domodedovo Airport. The company leased cargo planes from the airport management company, reconstructed a number of facilities in the airport, constructed a cargo terminal, a new passenger terminal, etc.

In 1994, Bakov sold his share in East Line to Kamenschik. In the late 1990s, East Line negotiated the purchase of the state-owned stake in Domodedovo air terminal complex. In 1998, it also obtained a 75-year lease for Domodedovo facilities that were not subject to privatization (runways, taxiways, aircraft parking stands, etc.). In 1998, Kamenschik became the chairman of Domodedovo airport.

In 2004 the Federal Agency for State Property Management (Rosimuschestvo) scrutinized the nature of the deals that provided East Line ownership and lease rights. However, the High Court of Arbitration of Russia upheld the legitimacy of the deals by three rulings between 2006 and 2008.

Between 2002 and 2004, Kamenschik acquired shares of Demikhovskiy Machinery Factory, Tsentrosvar Factory and Oktyabrskiy Electric Car Repair Factory, and established a transport engineering R&D company Transmash. In 2004, he sold the assets in production and engineering. The same year, Kamenschik sold East Line (by that time, the company had a fleet of 50 planes and regional offices across Russia) and focused on the Domodedovo Airport. To further increase the potential of Domodedovo, Kamenschik announced the investments in Aerotropolis, a business and industrial hub next to the airport.

After the terrorist attack at Domodedovo Airport in January 2011 law enforcement authorities tried to determine ultimate owners of the Airport. However, the IPO was postponed.

On 18 February 2016 Kamenshchik was arrested in connection with the Domodedovo International Airport bombing of 24 January 2011. He was accused of criminal negligence, causing the death of 37 people. Kamenshchik and Domodedovo Airport denied any wrongdoing, stating that the airport security at the time of the accident fully complied with the legal requirements of that time. After the court hearings, Kamenshchik was put under house arrest until 18 April 2016. He was forbidden to leave his house, communicate with anybody except the investigators and relatives, and to use mail, internet or email. Later, on 1 July 2016, due to the intervention of Deputy Prosecutor General Vladimir Malinovsky, Kamenshchik was released from house arrest. On September 21, 2016, the Investigative Committee of Russia closed the case due to the lack of corpus delicti.

Assets assessment The analysis of public data on the transactions involving purchase of the airport controlling stakes in the last three years (Tolmachevo in 2011, Edinburgh in 2012, and Stansted in 2013) suggests that the EV/LTM EBITDA average multiplier came to a factor of 17.2. Application of this multiplier to Domodedovo leads to an estimated value of the airport at approx. USD 7.5 billion.

Family and hobbies

Kamenshchik is single. The Russian media outlets reported that Kamenschik has four or five children. His hobbies include jet piloting, shangi martial art, diving, kiting and mountain skiing.