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Grizzly Bulls’ Billionaires Index

⬅ # 265 Dmitri Bukhman|# 267 Giancarlo Devasini ➡

# 266 Igor Bukhman 

$9.21B

Real Time Net Worth
as of 7/25/2024
-$4.7M (-0.05%)

# 266 Igor Bukhman 

$9.21B

Real Time Net Worth
as of 7/25/2024
-$4.7M (-0.05%)
OccupationCofounder, Playrix
Source of WealthOnline Games
Age42
ResidenceLondon, United Kingdom
Marital StatusMarried
Children4
EducationMS, Vologda State Pedagogical University
Age-Adjusted Net Worth$31.1B
Igor Bukhman
Igor Bukhman
Israel
Net worth: $9.21B

Self-Made Score 

Wealth History

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Biography

Early Life

Igor Bukhman was born on March 29, 1982, in Vologda, Russia.
From a young age, he showed interest in programming and technology.
In 1999, Igor enrolled at the Vologda State Pedagogical Institute to study Applied Mathematics.
In 2001, Igor and his brother Dmitry began developing online games, starting with their first game, Discovera, which earned them $60 in the first month.
They founded Playrix in 2004, initially releasing three games and around 30 screensavers.
By 2007, Playrix had expanded to 16 games and was generating around $300,000 in monthly income.

Playrix Ventures and Expansion

In 2018, Igor and Dmitry Bukhman invested in Nexters Global, a video and social network games developer.
The Bukhman brothers also invested in Belarusian Vizor Games the same year.
In 2019, Playrix acquired Armenian and Serbian studios Plexonic and Eipix Entertainment, respectively.
Igor Bukhman served on Nexters' Board of Directors from 2021 to 2022, then as a non-executive director from April 2023 onwards.
In June 2023, Playrix ranked seventh globally in mobile publishers by annual revenue and first in EMEA according to Data.ai (formerly App Annie).
Playrix announced the closure of its Russian and Belarusian offices in October 2022 due to the war in Ukraine.

Playrix Financial Growth

Reported increased downloads and profits during the COVID-19 pandemic in 2020.
Paid each of their 2,100 employees an additional one-off payment of $650 in April 2020 for financial support.
Earned $1.75 billion in just eight months from downloads and in-game purchases in 2020.
Valued at $8 billion in 2021, making Playrix the fourth-largest mobile game developer globally.
Earned $2.7 billion in revenue in 2021.

Wealth and Investments

In 2023, the Bukhman brothers launched the Rix Capital family fund with $4 billion of personal funds, opening a permanent office in London.

Private Life

He moved to Dublin in 2014 and acquired Israeli citizenship in 2016.

How long would it take you to become as rich as Igor Bukhman?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Igor Bukhman's net worth of $9.21B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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Igor Bukhman 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 Igor Bukhman, Online Games is the primary source. 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