Roman Avdeev

Presently, Roman Avdeev lives in his hometown of Odintsovo together with his third wife, Elena.

At the moment, the banker is one of the two multi-child billionaires in the world. He has 23 children. 19 of them were adopted.

Roman Avdeev believes that parents should not over-control the younger generation. Once he also admitted that he did not intend to leave his property to his children. According to Avdeev, any parent is obliged to give his or her child the basic understanding of "what is good and what is bad". Also he thinks that it is vitally important to give a confident start and freedom of life choice to his children. Education will provide children with the necessary life tools.

Roman Avdeev was born on July 17, 1967 in Odintsovo, Russia. He was raised in a modest but very united family. He received his education from a regular city school. He began to receive good grades only during the last years of his studying.

After finishing school, he entered Moscow Power Engineering Institute. According to Roman Ivanovich, his choice was quite random. Like many young guys in the USSR, he was fond of radio electronics, and the technical university seemed the best solution.

During his second year at the university, he was drafted into the army. He received his diploma of higher education only in 1994.

Roman Avdeev first tried his abilities as an entrepreneur in 1989, after the law on cooperation was established in USSR and trading activity of individuals ceased to be considered a crime. Roman Avdeev founded a cooperative store that produced decoders for televisions.

Avdeev's business career was successful from the very beginning, and the goods supplied by his company were actively sold in Leningrad and Moscow. Avdeev also established contacts with the Ukrainian plant called Elektronmash, after which his business was expanded significantly.

Then he had the ideas about banking as a separate business area. In 1991, private business finally became a legal reality, and in 1994 Roman Avdeev acquired Credit Bank of Moscow, or, more precisely, he received a documentation package, a small office and 14 employees. The bank existed only officially, but it was not really operating.

Roman Ivanovich considered that it was possible to turn a bank into an independent business. Avdeev immediately acquired it with funds taken from an already existing enterprise. Today, Credit Bank of Moscow is ranked 9th in Russia in terms of net assets and is ranked 17th in Russia in terms of net profit, according to the ratings of Banki.ru web portal.

A little bit later, Avdeev bought the controlling shares of the sugar factory which was located in the Lipetsk region. He also purchased the nearby land, which was ideally suitable for the agricultural needs. In the 2000s, the manufacturing company called ‘Chernozemye’ was founded on that territory. It supplied about 3% of the total Russian sugar. By the mid-2000s Avdeev sold his shares and again invested them in Credit Bank of Moscow.

In 2012, Roman Avdeev was awarded with ‘Hurry to Do Good’ honorary medal. It shows a huge contribution to the protection of civil rights stated in the Constitution.

In 2014 Avdeev was recognized as the Banker of the Year.

He was also presented with the Legend of Industry award.

Roman was named the Best Investor according to RBC.

Roman Avdeev is ranked 56th amongst the richest people in Russia according to Forbes magazine.