Billionaire Profile
Michel Litvak
Global Rank
#2649

Image: JGK888 | CC BY-SA 4.0 | via Wikimedia Commons

Michel Litvak

CEO, Seaport
RUSSIA
Real-Time Net Worth
$1.378B
Estimated based on Seaport stock value as of March 6, 2026
0% (24h)
Age
74
Source
Seaport
Industry
Logistics
Citizenship
RUSSIA

Biography

Michel Litvak is a Belgian businessman, born in Leningrad, who has made a significant fortune in the commodity logistics industry. Litvak, who is of Russian-Jewish heritage, founded the OTEKO Group in 2002, a major player in port and industrial infrastructure, particularly in southern Russia. His career began with trading consumer goods between Russia and China in the early 1990s. Litvak is known for his investments in the Port of Taman. He also established Bold Films, a Hollywood film production company that produced films such as "Nightcrawler" and "Whiplash". Litvak has been married to actress Svetlana Metkina for 25 years and has four children. In 2019, he was granted Russian citizenship. His success story involves overcoming challenges and embracing innovation in the business world.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Michel Litvak was born in Leningrad in 1951. His family emigrated to Belgium in 1962, where he later started his first business venture – a chain of medical laboratories in 1974.

Rise to Success

After the collapse of the Soviet Union, Litvak returned to Russia and began trading consumer goods between Russia and China. In 2002, he founded OTEKO Group, which became a leader in transportation and logistics outsourcing for Russian energy companies. OTEKO has since become the largest private investor in port infrastructure in southern Russia. In 2019, Litvak obtained Russian citizenship.

Key Business Strategies

Litvak's key business strategies include investing in port infrastructure, particularly the Port of Taman, and expanding OTEKO's operations. OTEKO has invested significantly in the establishment of extensive public facilities for its employees, positioning the company as a major employer in southern Russia.

Philanthropy

Litvak is a philanthropist and has been engaged in numerous charitable activities and programs. He established the Michel Litvak Family Foundation, which has been a longtime supporter of the Institution for Policy and Strategy (IPS) at Reichman University and of its annual Herzliya conference.

Career Milestones

1974

First Business Venture

Started a chain of medical laboratories in Belgium.

1991

Consumer Goods Trading

Began trading consumer goods between Russia and China.

2002

Founded OTEKO Group

Founded OTEKO, a logistics company.

2019

Granted Russian Citizenship

Became a Russian citizen.

Philanthropy & Social Impact

Education/Research

Michel Litvak Family Foundation

Undisclosed

Supports the Institution for Policy and Strategy (IPS) at Reichman University and the Herzliya conference.

Business Philosophy & Leadership

Leadership Principles

Innovation

Embracing new ideas and technologies to stay ahead of the competition.

Networking

Building strong relationships that can lead to collaborative opportunities.

Risk Management

Understanding and mitigating risks to ensure sustainable growth.

Controversies & Challenges

2024

Coal Transshipment Prices

Litvak was criticized for raising coal transshipment prices at the Taman terminal, leading to a boycott by coal companies.

2025

UK Sanctions

The UK imposed sanctions against Michel Litvak for owning and controlling OTEKO, which operates in the Russian transport sector.