Nikolai Tsvetkov’s profile picture

Nikolai Tsvetkov

Nikolai Tsvetkov’s profile picture
Net worth 2018: $1.25 Billion
Industry: Finance
Country: Russia
Children: 2
Education: Bachelor of Arts / Science, Air Force Academy (USSR)
BIOGRAPHY

Nikolai Tsvetkov was born in Russia. Nikolai Tsvetkov chairs Financial Corporation Uralsib, one of Russia's largest financial holding companies, involved in banking, insurance, investment, leasing, and asset management. In 2010 he sold his Kopeyka supermarket chain to Russian food retailer X5 Group for $1.1 billion in cash, and he has created a network of companies that produce organic food. He was once a lieutenant colonel in the Russian Air Force. After he founded Nikoil, later renamed Uralsib, he helped fellow former military officer, billionaire Leonid Fedun, and his boss, billionaire Vagit Alekperov, gain a controlling stake in the company. For his services he was rewarded with a sizable stake in Lukoil, Russia's largest independent energy company, which is headed by Alekperov. He also owns the legendary Lomonosov Porcelain; he returned the company to its original name, Imperial Porcelain Manufacture. His charitable foundation, Victoria, has spent $10 million on foster care housing for orphans in the southwest city of Armavir. He is passionate about Eastern philosophy and yoga.

NET WORTH STATISTIC
2010

$3.2 Billion

2011

$5.3 Billion

2012

$3 Billion

2013

$2.6 Billion

2014

$1.8 Billion

2015

$1.25 Billion

2018

$1.25 Billion

TIMELINE
1990

His obscure company became the investment and financial adviser to Lukoil (then a state-controlled concern) by offering a co-ownership to its president Vagit Alekperov, and profited immensely from the voucher privatization scheme of Russia's state-owned companies in the mid-1990s

1960

Nikolai Tsvetkov (born 1960) is a Russian oligarch, the founder and president of Nikoil Financial

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