Who is Alexander Svetakov? That is a question that many people have been asking since he first made headlines in the Russian media. Some say that he is a ruthless oligarch who will do anything to get what he wants.
Others claim that he is a generous philanthropist who cares deeply about his community. No one really knows for sure, because Svetakov has always tried to keep a low profile. But whatever you may think of him, there’s no denying that Svetakov is one of the most powerful men in Russia.
Who Are Russian Oligarchs?
In order to understand who Alexander Svetakov is, it’s important to first understand what a Russian oligarch is. Russian oligarchs are a class of wealthy businessmen who control large portions of the Russian economy. They made their fortunes during the privatization of state-owned companies in the 1990s, and they have used their money and influence to maintain a grip on power ever since.
The Russian oligarchs are often criticized for their corrupt business practices and their close ties to the Kremlin. But they continue to wield considerable power and influence both inside Russia and out. Some of them are:
1. Mikhail Fridman
Mikhail Fridman is the founder of Alfa Group, an international finance corporation. It is one of Russia’s largest private investment companies. He also has a seat on the board of directors for TNK-BP, Russia’s third-largest oil company.
2. Vladimir Gusinsky
Vladimir Gusinsky is the owner of Media-Most, a Russian media conglomerate that includes NTV, one of the country’s leading independent television stations.
3. Mikhail Khodorkovsky
Mikhail Khodorkovsky is the former CEO of Yukos Oil Company, once Russia’s largest oil producer. He was arrested in 2003 on charges of tax evasion and embezzlement and is currently serving a prison sentence.
4. Roman Abramovich
Roman Abramovich is the former owner of Chelsea Football Club and ranks as one of the richest men in Britain. He began his career as a trader in the early 1990s and later went on to invest in a number of Russian businesses, including oil giant Sibneft.
5. Vladimir Yakovenko
Vladimir Yakovenko is a member of Russia’s lower house of parliament and is also the owner of Novaya Gazeta, an independent newspaper critical of the Kremlin.
Alexander Svetakov: Russian Oligarch
Svetakov is one of the wealthiest figures in Russia. He is the biggest property owner in Russia. He owns a lot of properties in various locations, especially in the New Moscow region.
Early Life & Education
Svetakov was born in Moscow in 1968. His father was a high-ranking Soviet official, and his mother was a homemaker. Svetakov graduated from the Moscow Institute Of Electronic Machines with a degree in engineering.
Career
While in school, Svetakov and his friends, Galin and Truskov became business partners. They got some electronics made in Singapore. They sold these electronics at wholesale prices to retailers. That business has grown to be what is known as the Absolute Trade House today.
Absolute Trade House
The Absolute Trade House is the largest wholesaler of electronics in Russia. Absolute LLP offers a wide range of products and services, including mobile phones, tablets, laptops, computers, printers, scanners, and other office equipment.
The company also provides repairs and replacements for defective products. In addition, the absolute trade house offers a wide range of accessories for all of its products.
The company has a strong online presence and offers free shipping on all orders over $50. The absolute trade house is a leading provider of electronic goods and services in Russia and is committed to providing the best possible customer service.
Absolut Bank
The business partnership of Svetako, Galin, and Truskov also birthed The Absolute Bank. It was one of the largest private banks in Russia with over $20 billion in assets. The bank provided a wide range of services including retail banking, investment banking, and asset management.
In 2007, the bank was sold to a Belgian group for almost a billion dollars. After this, he diversified into real estate and property development.
The Absolute Group
Svetakov founded the Absolute Group. The group consists of several companies that are involved in a variety of businesses including banking, real estate, retail, and technology.
The Absolute group is headquartered in Moscow but has offices in London, New York City, Dubai, and other major cities around the world. The group has a strong online presence and is committed to providing the best possible customer service.
Personal Life
Svetakov is currently a divorced man. He is a father to four children. His first marriage was to Natalya Galina, with whom he has two sons. His second marriage was to Irina Tuskova, with whom he has two daughters.
Svetakov is an avid art collector and owns a private collection of paintings and sculptures by Russian artists. He is also a philanthropist and has donated millions of dollars to charitable causes.
Philanthropy
Svetakov is also known for his philanthropy. He has donated millions of dollars to charitable causes both inside Russia and abroad. He is the founder of the Absolute-Help foundation which helps orphans, children with disabilities, and children with grave illnesses
Some of the charities that he has supported include the Red Cross, the World Wildlife Fund, and UNICEF. He has also donated to schools and hospitals in Russia.
His Luxury Possessions
His luxurious yacht is called Cloudbreak. It is one of the largest yachts in the world and is worth $250 million.
Svetakov also owns a $100 million private jet, which he uses to travel between his homes in Moscow, London, New York City, and Dubai. He also has a collection of luxury cars that includes a Bentley, a Rolls-Royce, and a Ferrari.
Svetakov’s net worth is estimated to be $3.2 billion. He is one of the richest men in Russia.
Final Words
Svetakov’s wealth and power have made him a target of criticism from many Russians. Some believe that he is part of a corrupt system that is rigged against the average person. Others view him as a self-made man who has used his talents to create a successful business empire.
Whatever your opinion of Svetakov, there’s no denying that he is a powerful and influential figure in Russia. He will likely continue to be a major player in Russian politics and business for years to come.