Lev Kvetnoi Net Worth

What is Lev Kvetnoi's Net Worth?

Lev Kvetnoi is a Russian businessman who has a net worth of $1.9 billion. Regarded the richest member of the Russian parliament today, he has acquired his fortune in the steel industry. Born in 1965 in a small town near Moscow, Lev Kvetnoi took his Bachelor degree from Leningrad Institute of Physical Culture. It was in 1995 that he joined the metals group of fellow billionaire Alisher Usmanov, serving as Chief Executive of one of his companies.

In 2006, he decided to sell out his interests to Usmanov, and the following year, he invested the capital in the purchase of National Standard Bank and NovorossCement, Russia's third-largest cement producer. In 2009 NovorossCement was delisted and is now a private company, held by Kvetnoi. He went on to expand his cement business in 2011 when he gained one of the factories owned by billionaire Elena Baturina. In addition to the above, he is also the major shareholder in several airport service companies, including an airplane-repair factory.