|July 17, 1967
|Roman Avdeev age
|56 YEARS OLD
Avdeev's first business was selling radio components and decoders for TV sets in the late 1980s.
The source of his wealth is Credit Bank of Moscow, one of Russia's largest banks by assets, which Avdeev bought in 1994 responding to a newspaper ad.
In addition to the financial sector, Avdeev owns a pharmacy chain and has assets in construction, timber and oil industries.
Avdeev founded the charitable foundation "Arithmetic of Good," which helps orphans.
Roman Avdeev is the owner of Credit Bank of Moscow, now the sixteenth largest bank in Russia by assets. Born on July 17, 1967 in Odintsovo, Moscow, he started his career shortly after his graduation from Moscow International University of Business and Information Technologies. In the beginning, he was producing decoders and then he got the chance to buy a bank that numbered fourteen employees. Since the timing was right, he set the basis of agricultural business along with the bank.
By 2006, he managed to create the large agricultural holding called Chernozemie, which included both agricultural land and sugar mills. Not seeing enough growth prospects capitalization in the business, he sold the holding for a good price. In 2000, Avdeev went on to buy the retail network, Capital which he sold three years later for a higher price. It was in 2008 that he became chairman of the Moscow Credit Bank.
In 2012, the World Bank's International Finance Corporation and the European Bank of Reconstruction and Development acquired 15% of the bank for $190 million. A move that successfully evened out the financial crisis in the last four years and let the bank's assets grow more than four times, to $9 billion.
In 2013, he reportedly bought a controlling stake in drug-maker Veropharm from indebted Russian drugstore chain Pharmacy Chain 36.6, where he already held an 18% stake. A married man, Roman Avdeev has 23 children, 19 of which are adopted. He is also a yoga aficionado.