Alexander Rovt
New York, New York
Doctorate, Lvov Institute of Trade & Economics
United States
fertilizer, real estate, Self Made
$1,300,000,000
1717
#1717 Billionaires 2019
#388 Forbes 400 2012
Fertilizer tycoon Alexander Rovt has been pouring his money into New York City real estate, including several apartment buildings in Brooklyn. His most notable holding is 14 Wall Street, a 29-story office tower in Manhattan. It has nearly doubled in value since he paid $294 million in 2012.Hotel X Toronto, a 404-room luxury hotel and Rovt's largest investment outside of the U.S., is scheduled to open in 2018. His IBE Trade deals in ammonium-based fertilizer, but has lost most of its value amid the conflict in Ukraine. Rovt grew up poor in Carpathia, a contested former Soviet territory, and attended the prestigious Lvov State University of Trade and Economics.
He managed a high-end Hungarian resort in the U.S.S.R. before immigrating to New York, where he first ran a deli and then sold jewelry. He says he has never invested money in a stock or bond, preferring hard assets like housing.
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