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Kvetnoi
Lev Kvetnoi
Rank #2940
RUSSIAManufacturingCement

Lev Kvetnoi

Net Worth
$1.282B
0% (24h)
Lev Kvetnoi, a prominent Russian businessman, is recognized for his significant investments in the cement industry. With a current net worth of $1.3 billion as of March 2026. His wealth is primarily derived from his holdings in the cement sector, particularly through NovorossCement. Kvetnoi's career includes executive roles in Alisher Usmanov's metals group and expansion of cement holdings, notably acquiring a factory from Elena Baturina. He has also invested in airports and related services. Lev Kvetnoi's journey is marked by resilience and an entrepreneurial spirit within the finance and investment industry.

The Full Dossier

Early Life and Education

Lev Kvetnoi was born in 1965, near Moscow. He graduated from the Leningrad Institute of Physical Culture in 1989 and later earned a degree from the Financial Academy under the RF Government in 1997.

Rise to Success

Kvetnoi's career began in the late 1980s when he co-founded a cooperative for baking bakery products. In the early 1990s, he was involved in computer sales. By 1995, he joined Alisher Usmanov's metals group, serving as the First Deputy CEO of Interfin company. Kvetnoi also founded "Financial consultations and management" in 1996. His significant investments include the acquisition of National Standard Bank and NovorossCement. He expanded his cement business in 2011 by acquiring a factory from billionaire Elena Baturina.

Key Business Strategies

Kvetnoi's business strategy has centered on strategic investments in the cement and financial sectors. He was the largest shareholder in Moscow's Vnukovo Airport, which he sold in 2013. His investments also include airport services and banking.

Philanthropy

While specific details on Lev Kvetnoi's philanthropic activities are not available in the search results, it is stated he sought to give back to the community.

Career Timeline

2011

Expanded Cement Holdings

Acquired one of Elena Baturina's factories in southern Russia.

2007

Acquired

Bought National Standard Bank and Novoroscement, Russia's third-largest cement producer.

2006

Sold Interests

Sold interests to Alisher Usmanov.

1996

Founder

Founded "Financial consultations and management".

1995-1996

First Deputy CEO

Served as the First Deputy CEO of Interfin.

1989

Graduated

Graduated from the Leningrad Institute of Physical Culture.

Wealth Trajectory