The “mushroom” business of the Prime Minister’s son-in-law Mikhail Mishustin brings in 1 billion rubles.

Image for post
Image for post

The prime minister signed a decree that lowers the income tax rate to 0% (now 20%) for Russian mushroom growers. One of the largest industries belongs to his son-in-law Alexander Udodov.

Udodov began to study mushrooms in 2015 together with Ukrainian entrepreneurs Yuri Papakin, then Nikolai and Oleg Logvinov (father and son).

Udodov’s Mushroom Rainbow with 17 thousand tons of mushrooms per year is growing very quickly: if in 2017 the company’s assets were 1,6 billion rubles, then in 2018 it was already 4,3 billion rubles, and revenue increased from 197 million rubles to 974 million rubles.

Originally published at on November 14, 2020.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store