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Grizzly Bulls’ Billionaires Index

⬅ # 691 Luca Del Vecchio|# 693 Abhay Firodia ➡

# 692 Leonid Boguslavsky 

$4.69B

Real Time Net Worth
as of 6/29/2024
$25.9M (0.55%)

# 692 Leonid Boguslavsky 

$4.69B

Real Time Net Worth
as of 6/29/2024
$25.9M (0.55%)
OccupationFounder, RTP Global
Source of WealthVenture Capital
Age73
ResidenceFlorence, Italy
Marital StatusMarried
Children4
EducationMS, Moscow Institute for Transport Engineering
Age-Adjusted Net Worth$1.95B
Leonid Boguslavsky
Leonid Boguslavsky
Canada
Net worth: $4.69B

Self-Made Score 

Wealth History

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Biography

Overview

Leonid Boguslavsky, born on June 17, 1951, in Moscow, is a USSR-born Canadian entrepreneur, scientist, and venture capital investor.
He founded RTP Global, formerly known as ru-Net, in 2000, which became one of the most successful early-stage venture capital firms, primarily investing outside of Russia.
Boguslavsky gained significant wealth through astute investments, notably in Yandex, earning approximately 400 times his initial investment, and other companies like Datadog, EPAM, Delivery Hero, RingCentral, and others.

Early Life

Boguslavsky was born into the family of writer Zoya Boguslavskaya and scientist-engineer Boris Kagan, with poet Andrei Voznesensky as his stepfather.
He excelled academically, winning competitions in biology and mathematics during his schooling in Moscow.
Graduated from the Moscow Institute of Transport Engineering in 1973 with a degree in Computer Science and Applied Mathematics.
From 1973 to 1990, he conducted scientific research at the Institute of Control Sciences of the USSR Academy of Sciences, focusing on mathematics for computer systems and networks.
In 1985, he launched a project to create a software system connecting IBM mainframes with other computers, earning significant contracts for implementation.
Boguslavsky served as a visiting professor at the University of Toronto from 1991 to 1992.

Career Beginnings

Joined a Soviet Italian joint venture in 1989, focusing on computer network projects in Czechoslovakia, where he became deputy director and shareholder.
In 1990, he signed an exclusive distribution agreement with Oracle Corporation for the USSR territory and founded LVS, concentrating on systems integration business.
Led LVS to dominance in electronic voting machine equipment production by 1994, eventually selling the company to PricewaterhouseCoopers in 1996.
Boguslavsky served as Managing Partner at PwC, overseeing its Management Consulting Services practice in Russia, after the acquisition of LVS.
In 1999, he joined forces with investment bankers to establish ru-Net Holdings Limited, marking his entry into internet investments.
Boguslavsky left PwC in 2001 to focus entirely on internet investments, becoming CEO and chairman of ru-Net Holdings.

Investment Ventures

In 2000, ru-Net Holdings invested in Yandex and Ozon.ru, marking the beginning of Boguslavsky's successful venture into internet companies.
During the dot-com crisis, ru-Net Holdings survived, eventually restructuring into Internet Search Investment Limited (ISIL) in 2006.
Established ru-Net Limited in 2006, controlling his assets and making new investments in IT and internet technologies.
Continued investments in various sectors, including Big Data, SaaS, cloud computing, Fintech, Health Care, and IoT, expanding globally into Europe, India, and the US.
In 2011, he founded ru-Net Technology Partners (RTP Ventures) in the US, focusing on early-stage investments, including Delivery Hero.
Expanded investments into Europe, co-founding the Super League Triathlon in 2016 and rebranding ru-Net to RTP Global in 2018.

RTP Global

In 2020, Boguslavsky established RTP Global's third fund, totaling $650 million, reflecting the firm's growing influence in global venture capital.
RTP Global manages assets exceeding $3 billion as of early 2022, with Boguslavsky being the primary contributor of capital in all funds.
The firm's investment portfolio spans 18 countries worldwide, with a focus on ventures outside of Russia.
RTP Global's success highlights Boguslavsky's adeptness in identifying and nurturing promising startups, contributing significantly to his wealth creation.

How long would it take you to become as rich as Leonid Boguslavsky?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Leonid Boguslavsky's net worth of $4.69B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Leonid Boguslavsky 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 Leonid Boguslavsky, Venture Capital 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