Lev Kvetnoi

Early Life and Education

Lev Kvetnoi was born in 1965, in a small town near Moscow. He earned a Bachelor of Arts/Science degree from the Leningrad Institute of Physical Culture. He also has a degree from the Financial Academy at the Government of the Russian Federation.

Rise to Success

Kvetnoi's business journey began in the early 1990s when he traded computers with a friend. In 1995, he joined the metals group of Alisher Usmanov, eventually becoming the Chief Executive of one of Usmanov's companies. Kvetnoi later sold his interests in 2006 and invested in the purchase of National Standard Bank and NovorossCement, Russia's third-largest cement producer.

Key Business Strategies

A pivotal move in Kvetnoi's career was the acquisition of NovorossCement and expansion into the cement industry. He expanded his cement holdings further in 2011 by acquiring a factory owned by billionaire Elena Baturina. He was also the largest shareholder in Moscow's Vnukovo Airport, owning 30% until selling his stake in 2013.

Philanthropy

There is no public information available about the specific philanthropy amounts.