⬅ # 121 Wang Chuanfu|# 123 Peter Woo

# 122 Pavel Durov 

$15.8B

Real Time Net Worth
as of 5/21/2024

# 122 Pavel Durov 

$15.8B

Real Time Net Worth
as of 5/21/2024
Source of WealthMessaging App
Age39
ResidenceDubai, United Arab Emirates
Marital StatusSingle
Children2
EducationMS, Saint Petersburg State University
Age-Adjusted Net Worth$65.5B
Pavel Durov
Pavel Durov
United Arab Emirates
Net worth: $15.8B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Pavel Valeryevich Durov was born on October 10, 1984 in Leningrad, Soviet Union
Spent childhood in Turin, Italy
Graduated in 2006 from the Philology Department of Saint Petersburg State University
Family background includes a grandfather who fought in World War II and a father who is a Doctor of Philological Sciences

VKontakte (VK)

Co-founded VKontakte (VK) in 2006, influenced by Facebook
Grew VK to a value of $3 billion
Involved in a standoff with police in 2011, resisting government demands
Publicly posted a picture in 2012 as a response to Mail.ru Group's buyout efforts
Dismissed as CEO in 2014, claimed company takeover by Putin's allies

Telegram

Founded Telegram after leaving Russia
Obtained citizenship of Saint Kitts and Nevis
Headquartered Telegram in Berlin and later moved to Dubai
Attempted to launch 'Gram' cryptocurrency and TON platform in 2018
Russia attempted to block Telegram in 2018 due to refusal to cooperate with security services

Views

Self-described libertarian, teetotaler, and vegetarian
Advocates an ascetic lifestyle and freedom from personal possessions
Donated a million dollars to the Wikimedia Foundation for his twenty-seventh birthday in 2011
Published manifestos in 2012 detailing libertarian ideas for improving Russia

How long would it take you to become as rich as Pavel Durov?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Pavel Durov's net worth of $15.8B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

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

Pavel Durov 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 Pavel Durov, Messaging App 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