Alexander Svetakov

$2.55 B

Ranked #1589 in World

About Alexander Svetakov

Russian real estate tycoon Alexander Alexandrovich Svetakov, born on February 15, 1968, in Moscow, is the esteemed founder and chairman of the prominent Absolut Group. With roots in engineering from the Moscow Institute of Electronic Machine Building, Svetakov flourished into a business magnate. His entrepreneurial journey began by importing electronics with peers during college, eventually expanding into banking and selling Absolut-bank for nearly $1 billion in 2007. Now, Svetakov champions property development across global metropolises. His philanthropic efforts shine through the Absolute-Help foundation. A recipient of the International Property Award in 2015, Svetakov is also an attentive father and yacht enthusiast residing in Moscow.

Born

February 15, 1968

Age

58 years

Source Of Wealth

Real Estate

Industries

Finance & Investments

Citizenship

Russia

Residence

Moscow

Education

Master of Science, Moscow Institute of Electronic Technology

Children

Alexander Alexandrovich Svetakov was born on February 15, 1968, in Moscow, Russia. He is a Russian billionaire property developer and the founder and chairman of Absolut Group.

Alexander Svetakov: Family

There is no information provided about Alexander Svetakov's family.

Alexander Svetakov: Career Highlights

While attending the Moscow Institute of Electronic Machine Building (MIEM), Svetakov partnered with fellow students Gleb Galin and Andrew Truskov to import electronics from Singapore and sell them wholesale. This enterprise became Absolute Trade House (Absolute LLP), which is now the largest electronics wholesaler in Russia.

In 1993, Svetakov, Galin, and Truskov founded Absolute Bank. They sold Absolut-bank in 2007 to a Belgian group for almost $1 billion.

After selling Absolut-bank, Svetakov shifted his focus to property development. In 2013, he was developing five projects in London and New York City. In 2015, Absolute Group received the International Property Award for Best Office Architecture in Europe for their Noble Business Centre in Limassol, Cyprus.

Alexander Svetakov: Companies

Alexander Svetakov is the founder and chairman of Absolut Group, a property development company. He is also the former owner of Absolut-bank.

Alexander Svetakov: Major Achievements

Svetakov's major achievements include founding and growing Absolute Trade House into the largest electronics wholesaler in Russia, founding Absolute Bank, and successfully transitioning into property development.

Alexander Svetakov: Awards & Achievements

In 2015, Absolute Group received the International Property Award for Best Office Architecture in Europe for their Noble Business Centre in Limassol, Cyprus.

Alexander Svetakov: Personal Life & Legacy

Svetakov is divorced and has four children. He lives in Moscow, Russia, and owns the yacht Cloudbreak. He founded the Absolute-Help foundation in 2002 to help orphans, children with disabilities, and children with grave illnesses.

Alexander Svetakov: Trivia

Alexander Svetakov is a keen sailor and has competed in several regattas.

Wealth History

Timeline

February 15, 1968

Alexander Alexandrovich Svetakov is born in Moscow, Russia.

1993

Svetakov partners with Gleb Galin and Andrew Truskov to found Absolute Bank.

2002

Svetakov founds the Absolute-Help foundation to help orphans, children with disabilities, and children with grave illnesses.

2007

Svetakov sells Absolut-bank to a Belgian group for almost $1 billion.

2013

Svetakov is developing five projects in London and New York City.

2015

Absolute Group receives the International Property Award for Best Office Architecture in Europe for their Noble Business Centre in Limassol, Cyprus.

Alexander Svetakov : FAQs

What is Alexander Svetakov's current net worth?

Alexander Svetakov's current net worth is $2.55 billion.

What is Alexander Svetakov's current global rank among billionaires?

Alexander Svetakov holds the 1589th position globally among billionaires.

What is Alexander Svetakov's current ranking within the Russia?

Alexander Svetakov holds the 49th position in Russia.

What was the change in Alexander Svetakov's net worth compared to the previous year?

Alexander Svetakov's net worth increased by 142.85 million dollars compared to the previous year 2025, when his net worth was 2.41 billion dollars.

What are Alexander Svetakov's main sources of wealth?

Alexander Svetakov's main source of income comes from Real Estate.

In which industry does Alexander Svetakov primarily operate?

Alexander Svetakov is primarily involved in the Finance & Investments industry.

What is Alexander Svetakov educational background?

Alexander Svetakov holds a Master of Science from Moscow Institute of Electronic Technology.

How old is Alexander Svetakov?

Alexander Svetakov is 58 years old.

How many children does Alexander Svetakov have?

Alexander Svetakov has 5 children.

Who is Alexander Alexandrovich Svetakov and when was he born?

Alexander Alexandrovich Svetakov is a Russian billionaire property developer, born on 15th February 1968 in Moscow, Russia.

What did Alexander Svetakov study and where?

Alexander Svetakov was educated at the Moscow Institute of Electronic Machine Building (MIEM) where he earned a BA in engineering.

How did Alexander Svetakov start his career in the business world?

Alexander Svetakov started his career by partnering with fellow MIEM students Gleb Galin and Andrew Truskov to import electronics from Singapore and sell them wholesale, which grew to become Absolute Trade House, now the largest electronics wholesaler in Russia.

What notable achievements has Alexander Svetakov's company Absolute Group accomplished?

Absolute Group received the International Property Award for Best Office Architecture in Europe for their Noble Business Centre in Limassol, Cyprus, in 2015.

What philanthropic work is Alexander Svetakov known for?

Alexander Svetakov founded the Absolute-Help foundation in 2002, which focuses on assisting orphans, children with disabilities, and children with grave illnesses.