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Billionaire Profile
Michel Litvak
Global Rank
#2811

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 April 21, 2026
0% (24h)
Age
74
Source
Seaport
Industry
Logistics
Citizenship
RUSSIA

Biography

Michel Litvak, a Russian-born businessman, is a prominent figure in the global logistics and entertainment industries. With an estimated net worth of $1.4 billion as of 2024, Litvak derives his wealth primarily from his stake in OTEKO, a Moscow-based investor with interests in port and industrial infrastructure in southern Russia. Litvak's career began in the 1970s with a chain of medical laboratories and commodity trading in Belgium. He later founded OTEKO, which became a leader in logistics. Litvak also founded Bold Films, a Hollywood-based production company responsible for films such as "Drive" and "Whiplash". Litvak is also known for his philanthropic endeavors, supporting educational, healthcare, and cultural initiatives.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Michel Litvak was born in Leningrad (now St. Petersburg) in 1951. His parents were Russian Jews. The family left the Soviet Union and immigrated to Belgium via Poland in 1962. Litvak began working early in life and developed exceptional entrepreneurial skills.

Rise to Success

In 1974, Litvak secured financing to start his first business venture in Belgium, a chain of medical laboratories. He also became a commodity trader. After the collapse of the Soviet Union, Litvak returned to Russia in the 1990s. He started trading consumer goods between Russia and China. In 2002, Litvak founded OTEKO, a logistics company involved in oil transportation, among other ventures.

Key Business Strategies

Litvak saw an opportunity in building privately-funded portside facilities. In 2000, he began acquiring land for a deep-sea harbor on the Black Sea. In 2004, OTEKO began building a harbor in Taman. The project has expanded to become one of Russia's largest private investment projects. Litvak expanded OTEKO into a major player in the Russian logistics market.

Philanthropy

Litvak has been involved in philanthropy, supporting causes related to education, healthcare, and cultural initiatives. He established the Michel Litvak Family Foundation.

Career Milestones

1974

Started first business venture

Started a chain of medical laboratories in Belgium.

1990

Returned to Russia

Moved back to Russia and settled in Moscow after the collapse of the Soviet Union.

2002

Founded OTEKO

Founded OTEKO, a logistics company.

2004

Established Bold Films

Founded Bold Films, a Hollywood film production company.

2019

Granted Russian Citizenship

Received Russian citizenship.

Philanthropy & Social Impact

Education

Michel Litvak Family Foundation

Undisclosed

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

Controversies & Challenges

2018

Sale of railroad business

Sold the railroad business to focus on expanding his port and infrastructure companies.

2022

Offshore Accounts

Almost the entirety of Litvak's business is linked to offshore accounts, allowing him to secure credit funds, some of which may be redirected to foreign accounts.

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