ALEXANDER SVETAKOV • Net Worth $2 Billion • House • Yacht • Private Jet • Absolut Investment Group

Name:Alexander Svetakov
Net Worth:$ 2 billion
Source of Wealth:Company
Born:Month 9, 1953
Country:Russia USA UK
Children:Anna Svetakova, Ivan Svetakov, 2 more
Residence:Barvikha, Moscow, Russia
Private Jet:Gulfstream G650 (9H-CAA)

Who is Alexander Svetakov?

Hailing from the industrial landscapes of Russia, Alexander Svetakov has made a name for himself as a seasoned entrepreneur and the founder of the illustrious Absolut Investment Group. Born in 1968, Svetakov, married to Yulia Svetakova, shares his life with their three children, Anna and Ivan being among them. Notably, Svetakov is the proud owner of the luxurious yacht, Cloudbreak.

Key Takeaways:

  • Alexander Svetakov is a Russian billionaire, the founder of Absolut Investment Group, and the owner of the luxury yacht, Cloudbreak.
  • Absolut Investment Group is a multidimensional conglomerate focusing on diverse sectors, including real estate development and management.
  • Svetakov’s portfolio includes significant investments in the NorthEast Company and Absolute Insurance, along with interests in the casino business and media sector.
  • As the founder of Absolut Bank, Svetakov sold it to KBC for US$ 1 billion in 2007.
  • With an estimated net worth of US$ 2 billion, Svetakov actively contributes to various philanthropic causes through his Absolut Help Foundation.

The Founding and Scope of Absolut Investment Group

Established in 1990, the Absolute Investment Group represents Svetakov’s entrepreneurial prowess and strategic vision. The investment conglomerate employs over 5,000 people, operating in diverse sectors, with a significant focus on real estate development and management. Besides, it also holds interests in wholesale electronics, telecommunication services, insurance, asset management, food & beverages, and agricultural industries.

The Expansive Portfolio of Svetakov’s Investments

Over the years, Svetakov has invested in a variety of businesses, further solidifying his financial empire. Some of his significant investments include the NorthEast Company, a major player in the caviar industry, and Absolute Insurance. His real estate development company stands as one of the largest landowners in the Moscow region. Apart from these, Svetakov’s interests span across the casino business and media, with investments in the Russian lifestyle and travel magazine L’Officiel Voyage.

The Success Story of Absolut Bank

Svetakov is also recognized as the founder of Absolut Bank. In a profitable venture, he sold the bank in 2007 to KBC for an impressive sum of US$ 1 billion. Five years later, KBC sold Absolut to a group of Russian investors for US$ 0.3 billion.

Estimating Alexander Svetakov’s Net Worth

As per Forbes, Svetakov’s net worth is an astounding US$ 2 billion. Besides his myriad business ventures, Svetakov is also known for his philanthropic initiatives through the Absolut Help Foundation.

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Yacht Cloudbreak Owner

Alexander Svetakov

Watch this video!

Alexandr Svetakov yacht

He is owner of the yacht Cloudbreak.

The Cloudbreak Yacht  is a luxury vessel built by Abeking & Rasmussen and delivered in 2016.

The yacht’s design is the work of Espen Oeino, with an exquisite interior by Christian Liaigre.

Powered by a pair of Caterpillar marine engines, the yacht can reach a top speed of 15 knots.

Named after a Fijian surfing reef, the yacht reflects the adventurous spirit of its owner.