Alexander Rovt Net Worth is
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Alexander Rovt (born 1953) is an American billionaire businessman and real estate investor who made his fortune in the trade and manufacture of fertilizer in the former Soviet Union. He identifies as Carpathian.

Rovt was born to an observant Jewish family in Mukachevo, Carpathia which is now part of the Ukraine. His father was a manager at a knitting factory and his mother a housewife. He grew up across the nearby border in Hungary and then attended school at the Lvov State University of Trade and Economics in the Ukraine where he graduated with a degree in business and later received a PhD in international economics. After school, he worked as a manager for the state-owned vegetable distributor in Hungary but was soon arrested due to his capitalistic business tendencies; in 1985, he fled to the United States with his wife and settled in Brooklyn where he worked in his uncle???s kosher deli and at a cousin???s jewelry store.
In 1988, Rovt took a job at IBE Trade which was founded by Sheldon Silverston. IBE made a profit by selling goods to governments that were not in favor with the international community and as a result, did not have ready access to hard currency. IBE was paid in hard commodities rather than cash (e.g. steel, coffee). Thanks to Rovt???s connections in the Eastern bloc and understanding of the fertilizer business thanks to his involvement at the vegetable distributor, IBE expanded it operations to the Soviet Union supplying goods in exchange for fertilizer, something the Soviets had in abundance thanks to ample natural gas supplies, a primary input to the manufacture of fertilizer. Once Perestroika took hold, the barter business diminished and Rovt (along with his childhood friend and co-worker at IBE, Imre Pakh) bought IBE from Silverston and transitioned the company into a traditional fertilizer distributor eventually controlling 85-90% of the fertilizer trade in Russia and the Ukraine by 2000.
In 1999, Rovt purchased a deteriora

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Alexander Rovt Latest News

Fertilizer Billionaire Alexander Rovt’s Townhouse Shuffle

As shocking as a $36,000,000 co-operative apartment sounds to our frugal ear, Russian composer Igor Krutoy and Band-Aid heiress Libet Johnson both make Moneybags Heyman look like a real estate cheapsk...
Posted: July 7, 2011, 11:36 am

Ukrainian Oligarch Alexander Rovt Would Prefer To Be Called A Carpathian Billionaire

We learned a lot in the Businessweek profile on Alexander Rovt, the Ukrainian fertilizer billionaire who’s been making huge, all-cash investments into American real estate lately (he spent $303 millio...
Posted: September 11, 2012, 3:00 pm

Ukrainian Billionaire Says He Might Not Sell UES Versailles

Alexander Rovt, the real estatel-loving Ukrainian billionaire who made his fortunes on fertilizer, chatted with the Real Deal, filling them in on a few of his new investments, including the possible A...
Posted: May 15, 2015, 3:15 pm
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