Alexander Rovt’s profile picture

Alexander Rovt

Alexander Rovt’s profile picture
Net worth 2018: $1.29 Billion
Industry: Manufacturing
Residence: New York, New York
Country: United States
BirthDay: 1952
Children: 2
Education: Doctorate, Lvov Institute of Trade & Economics
BIOGRAPHY

Alexander Rovt was bornon 1952 in New York, New York, United States. Alexander Rovt is #1736 in List Billionaires People In The World. Fertilizer tycoon Alexander Rovt has been pouring his money into real estate and owns more than 30 investment properties, mostly apartment buildings in New York City. His IBE Trade trades ammonium-based fertilizer. Rovt grew up poor in Carpathia, a contested former Soviet territory, and attended the prestigious Lvov State University of Trade and Economics in the Ukraine. He holds a Ph.D in international economics. He managed a high-end Hungarian resort in the U.S.S.R. before emigrating to New York, where he first ran a deli and then sold jewelry. He says he has never invested money in a stock or bond, preferring hard assets like housing.

NET WORTH STATISTIC
2009

$1.2 Billion

2010

$1.7 Billion

2011

$1.15 Billion

2012

$1.15 Billion

2013

$1.2 Billion

2014

$1.1 Billion

2015

$1.2 Billion

2016

$1.3 Billion

2017

$1.3 Billion

2018

$1.29 Billion

TIMELINE
2015

in/en/news/2015/fevral/mini_monument_to_michael_strank_was_opened_in_uzhgorod_photos_videoHe lives on Manhattan’s Upper East Side with his wife Olga in a five-story, 12,000-square-foot building constructed out of reinforced concrete with brick facing and retractable bulletproof shades covering the windows

2007

In 2007, wanting to secure his wealth, he purchased the Bankers Trust Building from Joshua Zamir for $303 million in cash and sold his remaining overseas fertilizer assets to Ukrainian billionaire Dmitry Firtash

2005

In 2005, after the Orange Revolution, a court voided the sale; Rovt, with the assistance of the US government, was eventually able to have the decision reversed and the plant is operating profitably with the consent of the Ukrainian government

2004

In 2004, IBE purchased a plant in Severodonetsk, Ukraine in return for an investment commitment of $120 million

2000

Despite his unfavorable foray into fertilizer plant ownership in Bulgaria, he purchased several more fertilizer plants in the 2000s which both became very lucrative investments

1999

In 1999, Rovt purchased a deteriorating fertilizer plant in Bulgaria on the condition that he spend $100 million over five years on renovations

1988

In 1988, Rovt took a job at IBE Trade which was founded by Sheldon Silverston

1985

After school, he worked as a manager for the state-owned vegetable distributor in Hungary but was soon arrested due to his capitalistic business tendencies; in 1985, he fled to the United States with his wife and settled in Brooklyn where he worked in his uncle’s kosher deli and at a cousin’s jewelry store

1978

He has two children: Philip (born 1978) and Maxwell (born 1987)

1952

Alexander Rovt (born July 23, 1952) is an American billionaire businessman and real estate investor who made his fortune in the trade and manufacture of fertilizer in the former Soviet Union

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