Alexander Skorobogatko Net Worth $2.1 Billion
Alexander Skorobogatko is a Russian transport magnate with an estimated net worth of $2.1 billion as of March 2013 according to Forbes. He is the 48th richest individual in Russia and is rated 704th in the record of World Billionaires. Skorobogatko began accumulating his estimated net worth of $2.1 billion as an elected deputy in the State Duma since 2002 and he was prohibited from joining any business venture. In December 2011, he was reelected for a third period to the Duma. Alongside his associate Alexander Ponomarenko, Skorobogatko founded the Russian General Bank in Moscow. It served the port business of Novorossiysk Commercial Sea Port, a firm they created after joining all the stevedoring firms at the port that they bought after the 1998 Russian financial disaster. They took the company public in 2007 which bought a $1 billion windfall for the associates. His partner sold 30% of their share in 2008 to the billionaire businessman Arkady Rotenberg who practices judo with Russian President Vladimir Putin. In January 2011, his partner sold a stake in Novorossiysk, Russia’s largest stevedore firm, to state-owned Transneft and its own affiliate Summa Capital, and made $1 billion in gains. The partners joined Rotenberg in the summertime of 2012 as co founders of TPS Real Estate Holding Ltd. As a consequence, his partner bought over a half of the space in the largest shopping center in Kiev, Ocean Plaza, for $280 million.