Alexander Svetakov
Alexander Alexandrovich Svetakov | |
|---|---|
| Born | February 15, 1968 Moscow, Russia |
| Occupation(s) | Businessman, real estate developer |
| Known for | Founder and chairman of Absolut Group |
Alexander Alexandrovich Svetakov (; born 15 February 1968 in Moscow) is a Russian billionaire known for his work in real estate development. He is the founder and current chairman of Absolut Group.
Early life
Svetakov earned a Bachelor of Arts degree in engineering from the Moscow Institute of Electronic Machine Building (MIEM).
Career
During his time at MIEM, Svetakov collaborated with fellow students Gleb Galin and Andrew Truskov to import electronics from Singapore, founding Absolute Trade House (Absolute LLP), which has grown into Russia's leading electronics wholesaler.
In 1993, the group launched Absolute Bank, which Svetakov later sold in 2007 to a Belgian company for close to $1 billion. Following this sale, he shifted his focus toward real estate development, undertaking projects in both London and New York City by 2013. In 2015, Absolute Group received the International Property Award for Best Office Architecture in Europe for its Noble Business Centre located in Limassol, Cyprus.
Personal life
Svetakov lives in Larnaca, Cyprus. He is divorced and has four children. Among his assets is the yacht Cloudbreak.
In 2002, he established the Absolute-Help foundation, aimed at assisting orphans, children with disabilities, and those suffering from serious medical conditions.