# Alexander Svetakov

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Russian billionaire businessman

Alexander Svetakov Born Alexander Alexandrovich Svetakov (1968-02-15) 15 February 1968 (age 58) Moscow Alma mater Moscow Institute of Electronic Machine Building (MIEM) Occupations Founder and chairman, Absolut Group Known for Banking, property development Children 3

**Alexander Alexandrovich Svetakov** ([Russian](/source/Russian_language): Александр Александрович Светаков; born 15 February 1968 in [Moscow](/source/Moscow)) is a Russian billionaire property developer, the founder and chairman of Absolut Group[1]

## Early life

Alexander Alexandrovich Svetakov[2] was educated at the [Moscow Institute of Electronic Machine Building](/source/Moscow_Institute_of_Electronic_Machine_Building) (MIEM), where he earned a BA in engineering.[3][4]

## Career

While attending 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), now the largest electronics wholesaler in Russia.[4]

In 1993, Svetakov partnered with Galin and Truskov to found Absolute Bank.[4] He sold Absolut-bank in 2007 to a Belgian group for almost $1 billion. Since then, he has shifted to property development, and in 2013 was developing five projects in London and New York City.[3] In 2015, Absolute Group received the International Property Award for Best Office Architecture in Europe for their Noble Business Centre in Limassol, Cyprus.[5]

## Personal life

He is divorced with four children and lives in [Larnaca](/source/Larnaca), Cyprus. He owns the yacht Cloudbreak.[6]

Svetakov founded the Absolute-Help foundation in 2002 to help orphans, children with disabilities, and children with grave illnesses.[4]

## References

1. **[^](#cite_ref-1)** ["Александр Светаков"](http://www.vedomosti.ru/persons/23088/Александр%20Светаков). *[Vedomosti](/source/Vedomosti)*.

1. **[^](#cite_ref-Bloomberg_2-0)** ["Alexander Alexandrovich Svetakov"](https://www.bloomberg.com/research/stocks/private/person.asp?personId=33802658&privcapId=30279346). *Bloomberg*. Retrieved 24 February 2015.

1. ^ [***a***](#cite_ref-Forbes_3-0) [***b***](#cite_ref-Forbes_3-1) ["Alexander Svetakov"](https://www.forbes.com/profile/alexander-svetakov/). *Forbes*. Retrieved 24 February 2015.

1. ^ [***a***](#cite_ref-RR1_4-0) [***b***](#cite_ref-RR1_4-1) [***c***](#cite_ref-RR1_4-2) [***d***](#cite_ref-RR1_4-3) ["Alexander Svetakov"](https://web.archive.org/web/20190325170541/https://www.richestrussian.com/101-500/alexander-svetakov/). 6 February 2019. Archived from [the original](https://www.richestrussian.com/101-500/alexander-svetakov/) on 25 March 2019. Retrieved 18 March 2019.

1. **[^](#cite_ref-Gold_5-0)** ["Absolute Investment Group Awarded at the CIPA International Investment Awards 2016"](https://web.archive.org/web/20200203131708/http://www.goldnews.com.cy/en/companies/absolute-investment-group-awarded-at-the-cipa-international-investment-awards-2016). 7 September 2016. Archived from [the original](http://www.goldnews.com.cy/en/companies/absolute-investment-group-awarded-at-the-cipa-international-investment-awards-2016) on 3 February 2020. Retrieved 18 March 2019.

1. **[^](#cite_ref-6)** Tognini, Giacomo. ["Biden And Allies Are Coming For Russian Billionaires' Yachts: Forbes Tracked Down 51. Here's Where To Find Them"](https://www.forbes.com/sites/giacomotognini/2022/03/01/biden-and-allies-are-coming-for-russian-billionaires-yachts-forbes-tracked-down-51-heres-where-to-find-them/). *Forbes*. Retrieved 2022-08-21.

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