What is Nikolai Tsvetkov's Net Worth?
Nikolai Tsvetkov is a Russian business magnate who has a net worth of $1.7 billion. Born Nikolai Aleksandrovich Tsvetkov on 12 May 1960, he earned his net worth as the founder and Chairman of Financial Corporation Uralsib, a company interested in insurance, investment, asset management, leasing and banking. A graduate of the Zhukovsky Air Force Engineering Academy, he was an army officer, who served in the Far East and Afghanistan. After his retirement from the army, in 1993, Tsvetkov launched Nikoil Financial, a petroleum investment company.
Several years later, the former lieutenant colonel became financial advisor and investor in Lukoil, a petroleum company of his friend, Leonid Fedun, ex-military officer, and Vagit Alekperov, and soon, for his financial services, he was rewarded with a great amount of shares in Lukoil. Later, he renamed his company Nikoil Financial into Financial Corporation Uralsib. In 2010, Tsvetkov sold his supermarket chain Kopeyka for $1.1 billion to X5 Group, and since then, he has founded a chain of companies that make organic food. Furthermore, he owns Lomonosov Porcelain, which he returned his first name, Imperial Porcelain Manufacture.
