Mikhail Litvak is known in the world for various reasons: as a billionaire, as the founder of the largest concern Oteko, as a successful film producer and as a philanthropist. This person definitely deserves attention, because the story of his life and ascent to the heights of success can be very useful for young ambitious businessmen. Michel Litvak net worth is the best way to learn more about this wonderful man’s life. From an early age, Michael had to start working to earn a living. His ambitions, combined with dedication, talent and hard work, did their job. And already at a fairly young age, Litvak attracted venture capital funding. In the early seventies, twenty-three-year-old Mikhail became the founder of a network of research organizations in the field of medicine. His activities also included trading in commodities.
Mikhail Litvak was born in 1951. His hometown is Leningrad, it was there that the future billionaire spent his early childhood. When the boy was 11, his family emigrated to Brussels. In the early 90s, with the collapse of the union,
Mikhail realized that new business opportunities were opening up in his homeland and returned to Russia. Since that time, the businessman settled in Moscow and began active work. His next brainchild was a large company whose activities consisted in the transportation of various groups of goods between Russia and China. The company turned out to be extremely successful and very soon reached a leading position in the market.
The success of the company allowed Mikhail to expand his activities. The company added logistics outsourcing and a number of transport services to the list of services provided. The result of this activity was the creation of the Oteko group of companies.
Within a few years, Oteko became the largest owner of railway tanks in the country. The company has become the undisputed leader in the industry.
Mikhail continued his activities in the field of logistics development in Russia. His attention was drawn to the problem of the loss of a huge number of key ports due to the collapse of the Soviet Union. This situation gave a new impetus to business development. Litvak realized that the lack of ports needed to be addressed. For this reason, a private enterprise was launched, focused on the construction of a large harbor in the southern part of the country. To do this, in 2000, a businessman purchased a vast plot on the Black Sea coast (Taman region) for the construction of an international terminal.