Leonid Kantorovich Net Worth

Leonid Kantorovich was a Russian mathematician and economist who was awarded the Nobel Prize in Economics in 1975. Born in 1912 in Saint Petersburg, Russian Empire, he completed his graduation and higher studies in Mathematics from the Leningrad University. He later developed an interest in economics and devised mathematical techniques to solve economic issues, which were documented in more than 300 books and papers. His research and findings in mathematics and economics covered topics such as constructive function theory, optimal planning and optimal prices, economic problems of a planned economy, functional analysis and applied mathematics, linear programming, descriptive function theory and set theory and approximate methods of analysis. He was awarded the Nobel Prize in Economics along with mathematician Tjalling Koopmans for ‘for their contributions to the theory of optimum allocation of resources’, as well as the Stalin Prize.
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Age, Biography and Wiki

Who is it? Economist
Birth Day January 19, 1912
Birth Place Saint Petersburg, Russian Empire, Russian
Died On 7 April 1986(1986-04-07) (aged 74)\nMoscow, Russia, USSR
Birth Sign Aquarius
Resting place Novodevichy Cemetery, Moscow
Alma mater Leningrad State University
Known for Linear programming Kantorovich theorem normed vector lattice (Kantorovich space) Kantorovich metric Kantorovich inequality approximation theory iterative methods functional analysis numerical analysis scientific computing
Awards Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (1975)
Fields Mathematics
Doctoral advisor Grigorii Fichtenholz Vladimir Smirnov
Doctoral students Svetlozar Rachev

💰 Net worth

Leonid Kantorovich, a renowned economist in Russian, is estimated to have a net worth ranging from $100,000 to $1 million in the year 2024. Known for his significant contributions to the field of economics, Kantorovich has played a crucial role in developing mathematical models and theories, particularly in the field of linear programming. His work has not only shaped the economic landscape but has also garnered recognition and accolades worldwide. With such a notable reputation, it is no surprise that his net worth is within this impressive range.

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Kantorovich was born on 19 January 1912, to a Russian Jewish family. His father was a Doctor practicing in Saint Petersburg. In 1926, at the age of fourteen, he began his studies at the Leningrad University. He graduated from the Faculty of Mathematics in 1930, and began his graduate studies. In 1934, at the age of 22 years, he became a full professor.


After 1939, he became the professor of Military engineering-technical university. During the Siege of Leningrad, Kantorovich was the professor of VITU of Navy and in charge of safety on the Road of Life. He calculated the optimal distance between cars on ice, depending on thickness of ice and temperature of the air. In December 1941 and January 1942, Kantorovich personally walked between cars driving on the ice of Lake Ladoga, on the Road of Life, to ensure the cars did not sink. However, many cars with food for survivors of the siege were destroyed by the German air-bombings. In 1948 Kantorovich was assigned to the atomic project of the USSR.


Since 1960, Kantorovich lived and worked in Novosibirsk, where he created and took charge of the Department of Computational Mathematics in Novosibirsk State University.