Denis Sverdlov
Денис Свердлов
Sverdlov in 2012
Born
Denis Lvovich Sverdlov

(1978-06-06) 6 June 1978
Agara, Georgian SSR, Soviet Union (now Georgia)
NationalityRussian
Alma materSaint Petersburg State University of Engineering and Economics
OccupationBusinessman
TitleFounder and former CEO of Arrival
TermMarch 2016 – November 2022
Children3

Denis Lvovich Sverdlov (Russian: Денис Львович Свердлов; born 6 June 1978) is a British-based Russian businessman, and the founder and former CEO of Arrival, a British electric vehicle manufacturer based in London. As of April 2022, his net worth was estimated at US$933 million.[1] The businessman who was worth $11.7 billion in April 2021 lost his billionaire status in April 2022. Sverdlov’s 94% decline in net worth is the largest wealth loss of anyone outside China who appeared on last year’s Bloomberg Billionaires Index.[2]

Early life

Sverdlov was born in 1978 in the then Soviet republic of Georgia.[3] He has a degree in economics from Saint Petersburg State University of Engineering and Economics.[4]

Career

After graduating in 2000 Sverdlov founded IT Vision, an IT consulting firm.[5]

From 2003 to 2007, Sverdlov was the co-founder and managing partner of Korus Consulting, an IT consulting firm in Russia.[5]

Sverdlov was a co-founder and chief executive of Yota, a Russian mobile broadband company, until its acquisition by MegaFon in 2012.[4]

Post-acquisition Sverdlov set up the Kinetik Trust to invest in a range of promising technologies and bring them to market.[6]

He was Russia's deputy Communications and Mass Media Minister for 15 months before stepping down in 2013.[4] He left this position following new legislation which banned government officials from holding assets abroad.[7]

Sverdlov founded Arrival and began its operations in the UK in 2015.[8] He was its CEO from March 2016 until November 2022.[9] In March 2021 Arrival went public through a merger with CIIC Merger Corp.[3]

He is also the founder of Roborace – the world’s first driverless electric racing platform.[10]

Personal life

Sverdlov is married, with three children, and the family moved from France to London in September 2015.[3]

References

  1. ↑ "Forbes profile: Denis Sverdlov". Forbes. Retrieved 28 April 2022.
  2. ↑ "SPAC Produces One of World's Biggest Billionaire Implosions". Bloomberg. Retrieved 7 May 2022.
  3. 1 2 3 Henni, Adrien (5 April 2021). "Former Russian Government Official Denis Sverdlov Scores $10Bln With Electric Vehicle Startup". Moscow Times. Retrieved 22 May 2021.
  4. 1 2 3 Holgate, Ben (24 September 2015). "Russian businessman driving a £20m electric lorries dream". Oxford Mail. Retrieved 22 May 2021.
  5. 1 2 "# 447 Denis Sverdlov". Bloomberg. Archived from the original on 13 May 2021.
  6. ↑ Cotterill, Joseph (16 September 2015). "Kinetik bets on electric trucks with UK investment". Financial Times. Retrieved 9 July 2021.
  7. ↑ Henni, Adrien (5 April 2021). "Former Russian Government Official Denis Sverdlov Scores $10Bln With Electric Vehicle Startup". The Moscow Times. Retrieved 13 July 2021.
  8. ↑ "Management Team". Arrival. Retrieved 22 May 2021.
  9. ↑ Jolly, Jasper (24 November 2022). "Founder of troubled electric van maker Arrival steps aside as CEO". The Guardian. Retrieved 23 December 2022.
  10. ↑ "Roborace is building a 300kph AI supercar – no driver required". Wired UK. ISSN 1357-0978. Retrieved 9 July 2021.
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