Roman Avdeev's Net Worth and Business Journey
Roman Avdeev is a prominent Russian businessman holding a net worth of $1.6 billion. As the owner of the Credit Bank of Moscow, which ranks as the sixteenth largest bank in Russia by assets, Avdeev has marked his presence strongly in the financial sector.
Early Life and Career
Born on July 17, 1967, in Odintsovo, Moscow, Roman Avdeev began his journey soon after graduating from the Moscow International University of Business and Information Technologies. He initially ventured into producing decoders, a stepping stone that led him to acquire a bank with just fourteen employees. This acquisition laid the groundwork for his future in the banking and agricultural sectors.
Expansion into Agriculture
With strategic timing, Avdeev expanded his investments by establishing an agricultural business alongside his bank, leading to the creation of the large agricultural holding, Chernozemie, by 2006. Chernozemie encompassed both extensive agricultural land and multiple sugar mills. However, due to limited growth prospects, he eventually sold the holding for a favorable price.
Further Business Ventures
In 2000, Avdeev acquired the retail network Capital, which he sold three years later for a profit. His most notable achievement came in 2008 when he took on the role of chairman at the Moscow Credit Bank. By 2012, the bank's assets had multiplied over four times to $9 billion, boosted by the World Bank's International Finance Corporation and the European Bank of Reconstruction and Development acquiring a 15% stake for $190 million.
Pharmaceutical Industry Investments
In 2013, Avdeev expanded into the pharmaceutical industry by purchasing a controlling stake in the drug-maker Veropharm from the debt-laden Pharmacy Chain 36.6, where he already held an 18% stake.
Personal Life
Roman Avdeev is a family man with 23 children, 19 of whom are adopted. Outside his bustling business life, he enjoys practicing yoga.
