Billionaire Profile
Ruben Vardanyan & family
Global Rank
#2902

Image: Public domain | via Wikimedia Commons

Ruben Vardanyan & family

CEO, Troika Dialog
AM
Real-Time Net Worth
$1.2B
As of December 2025
Age
57
Source
Investment banking
Industry
finance-investments
Citizenship
AM

Biography

Ruben Vardanyan, born in Yerevan, Armenia, is a prominent figure in the finance and philanthropic sectors. Co-founder of Troika Dialog, one of Russia's leading investment banks, he is known as a key player in the development of the Russian stock market. His estimated net worth is 1.2 billion USD, with his wealth stemming from his career in investment banking. Vardanyan has also made significant contributions to philanthropy, particularly in Armenia, through initiatives in education and cultural preservation. His career includes key achievements in the financial sector and significant philanthropic endeavors.

Wealth Over Time

In-Depth Profile

Early Life and Education

Ruben Vardanyan was born on May 25, 1968, in Yerevan, Armenian SSR. He excelled academically, graduating with honors from Yerevan School No. 35 in 1985. Driven by his passion for economics, he enrolled in Moscow State University's Faculty of Economics the same year and graduated with honors in 1992. Vardanyan also attended Cassa di Risparmio di Torino Italian savings bank in Turin and completed a course on developing markets at Merrill Lynch in New York in 1992. This strong educational foundation set the stage for his successful career.

Rise to Success

Vardanyan's career took off in the financial sector. In 1991, he co-founded Troika Dialog, which grew to become a leading investment bank in Russia. He held various positions within the company, including CEO and Chairman. Under his leadership, Troika Dialog became a major force in Russian and emerging market finance. In 2011, Troika Dialog was sold to Sberbank for $1.4 billion, a significant achievement that cemented Vardanyan's reputation in the industry. After selling Troika Dialog, Vardanyan became co-head of Sberbank CIB.

Key Business Strategies

Vardanyan's key business strategy involved building Troika Dialog into a benchmark for innovation and integrity in the financial sector. He focused on creating long-term value for clients and stakeholders. He was also known for his entrepreneurial spirit and the ability to navigate complex business landscapes. After Troika Dialog, Vardanyan founded investment boutique Vardanyan, Broitman and partners, which serves ultra high-net-worth individuals.

Philanthropy

Vardanyan's philanthropic endeavors are extensive. He co-founded the Moscow School of Management SKOLKOVO and the UWC Dilijan College in Armenia. He is also involved with the Aurora Humanitarian Initiative. The Vardanyan family has invested over $600 million in numerous projects in Armenia.

Career Milestones

1991

Co-founded Troika Dialog

Co-founded Troika Dialog, which became a leading investment bank in Russia.

1996

CEO of Troika Dialog

Became the CEO of Troika Dialog, holding the post until the company was sold.

2004

CEO of Rosgosstrakh

Served as CEO of Rosgosstrakh, a major Russian insurance company.

2011

Sold Troika Dialog

Sold Troika Dialog to Sberbank for $1.4 billion.

2013

Founded Vardanyan, Broitman and Co

Started Vardanyan, Broitman and Co, an investment company.

2022

State Minister of Artsakh

Appointed as the State Minister of Artsakh.

2023

Detained in Azerbaijan

Detained by Azerbaijani authorities.

Philanthropy & Social Impact

Education

UWC Dilijan College

$XB

Co-founded UWC Dilijan College, an international boarding school in Armenia.

Humanitarian Aid

Aurora Humanitarian Initiative

$XB

Co-founded the Aurora Humanitarian Initiative to support humanitarian efforts.

Cultural Preservation

Tatev Revival Project

$XB

Supported the restoration of the Tatev Monastery in southern Armenia.

Business Philosophy & Leadership

Notable Quotes

"It is our responsibility to do something for our nation."

Leadership Principles

Ethical Leadership

Emphasizes the importance of ethical leadership in building sustainable economic institutions.

Long-term Vision

Focuses on a long-term vision for clients and stakeholders.

Collaboration

Highlights the value of collaboration between the private and public sectors.

Controversies & Challenges

2019

Troika Laundromat

Accusations of money laundering via Troika Dialog, though no definitive evidence linked Vardanyan directly.

2023

Detention

Arrested in Azerbaijan on charges related to his time in Artsakh.