Arkady Volozh Net Worth $1.15 Billion
Arkady Volozh is the principal founder of Yandex and he has an estimated net worth of $1.15 billion as of March 2013 according to Forbes. He is likewise the 94th wealthiest individual in Russia and is ranked 1250th in the list of World Billionaires. He founded the firm in 1997 as an acronym for the phrase “Yet Another iNDEXer.” It’s 60% of the Russian search market while Google only has around 26%. In spring of 2011, Yandex and its shareholders has acquired more than $1.3 billion in an initial public offering on NASDAQ. Then he worked at a state pipeline research institute but afterwards picked to start his own business by importing personal computers from Austria. He shortly founded several IT businesses for example CompTek and InfiNet Wireless, a Russian supplier of wireless networking technology. Arkady Volozh has become the chief executive officer and director since 2000. He left his position in 2000 as the CEO of CompTek International, among the biggest providers of network and telecom equipment in Russia, which he also founded.