Portrait of Alexander Svetakov

Rank #1655

Alexander Svetakov

Net worth $2.6B

Real estate · Russia

Born
Feb 15, 1968
Age
58
Source
Real estate
Residence
Moscow
Citizenship
Russia
Marital status
Married
Children
5
Education
Master of Science, Moscow Institute of Electronic Technology

Net worth over time

Biography

  • Alexander Svetakov is one of the biggest property owners in the Moscow region, with most of his land in New Moscow.
  • Svetakov got his start importing electronics from Asia.
  • He sold one of his earlier businesses, Absolut bank, in 2007 for $1.4 billion, then a record for Russia's banking sector.
  • His investment group Absolut had businesses in everything from real estate to caviar extraction.
  • He sold his caviar business few years ago and concentrated on residential real estate.
  • Svetakov enjoys surfing and tennis, and has built tennis courts in Zhukovka cottage village.
  • Svetakov financed the construction of a school for disabled children near Moscow.