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Grizzly Bulls’ Billionaires Index

⬅ # 406 Arthur Dantchik|# 408 Reinhold Schmieding ➡

# 407 Alexei Kuzmichev 

$6.85B

Real Time Net Worth
as of 6/25/2024
$4.4M (0.06%)

# 407 Alexei Kuzmichev 

$6.85B

Real Time Net Worth
as of 6/25/2024
$4.4M (0.06%)
OccupationCofounder, Alfa Group
Source of WealthOil, Banking, Telecom
Age61
ResidenceParis, France
Marital StatusMarried
Children3
EducationMS, Moscow Institute of Steel and Alloys
Age-Adjusted Net Worth$6.40B
Alexei Kuzmichev
Alexei Kuzmichev
Russia
Net worth: $6.85B

Self-Made Score 

Wealth History

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Biography

Early and Personal Life

Alexei Viktorovich Kuzmichev, also known as Kousmichoff, is a Russian billionaire businessman.
He was born in 1962 in Kirov, Russia.
In 1980-1982, Kuzmichev served in the army on the Soviet-Chinese border as a radio operator and was a member of the Communist party during this time.
Kuzmichev attended the Moscow Institute of Steel and Alloys, where he met his future business partners, Mikhail Fridman and German Khan.
In 1988, Kuzmichev, Fridman, Khan, and Mikhail Alfimov founded Alfa Photo, specializing in photo chemical imports, which later diversified into export business, leading to the formation of Alfa Group Consortium.
He is married to Svetlana Kuzmicheva-Uspenskaya and owns a $42 million mansion in New York City.

Career Highlights

Co-founded Alfa Group with college friends Fridman and Khan, which includes Alfa Bank and LetterOne.
Sold his stake in TNK-BP joint venture for $14 billion in 2013.
Was a stakeholder in VimpelCom, Alfa-Bank, and X5 Retail Group.
Sold his 16.32% stake in Alfa Bank in March 2023.
Responsible for overseeing Alfa Group’s international trading operations.

Alfa Group Involvement

Alfa Group's portfolio includes Alfa-Bank, VimpelCom, X5 Retail Group, and stakes in Turkcell and MegaFon.
Played a key role in the privatization of TNK oil company, later forming TNK-BP venture.
Chairman of Crown Resources, involved in European oil and commodity trading.
No financial claims brought against Crown Resources concerning the sinking of The Prestige vessel in 2002.

LetterOne Group

One of the original founders of the LetterOne Group, an international investment business.
Investments focused on telecoms, technology, and energy sectors through L1 Energy and L1 Technology.
Required to sell North Sea oil and gas fields by the UK government but deemed suitable to control other UK assets.
Owned two yachts seized by France due to sanctions against Russian billionaires post-Ukraine invasion, later returned on appeal.

Sanctions and Legal Issues

Sanctioned by the EU, UK, Australia, and Canada in 2022 due to Russo-Ukrainian War.
US imposed financial sanctions on Kuzmichev in August 2023 for operating in the Russian financial services sector.
Arrested by French police on suspicion of tax crimes and sanctions violations in October 2023, released on €8 million bail.

How long would it take you to become as rich as Alexei Kuzmichev?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Alexei Kuzmichev's net worth of $6.85B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

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Alexei Kuzmichev is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Alexei Kuzmichev, Oil, Banking and Telecom are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey