#2731

Alexander Rakshin & family

Russia 75 years old

Overview

Source of Wealth
retail
Residence
Barnaul

Biography

Alexander Rakshin is the founder and owner of Maria-Ra, a Russian retail chain.

He founded his first Maria-Ra store in 1993 in Barnaul and has built the business into Siberia's largest retail chain with more than 1,300 locations.

Rakshin has 25% in the most operational companies. His family members (wife, son and daughter) own the same stakes.

The family also invests in commercial real estate, including shopping malls and markets, as well as office buildings in Siberia, Moscow and Saint Petersburg.

Rakshin got his start in business in 1990 when he and his partners established fur farm with silver foxes and minks to produce fur hats. He left the venture to start Maria-Ra three years later.

About

Rashkin finished won second-place in the 1973 USSR junior in cross-country skiing championship and worked as physical education teacher in Barnaul, Siberia.

His retail business is named after his mother, Maria Rakshina.