Alexander Rovt
Overview
- Source of Wealth
- fertilizer, real estate
- Industry
- Manufacturing
- Residence
- New York, New York
- Education
- Lvov Institute of Trade & Economics (Doctorate)
- Marital Status
- Married
- Children
- 2
Biography
Fertilizer tycoon Alexander Rovt has been pouring his money into New York City real estate, including several apartment buildings in Brooklyn.
His most notable holding is 14 Wall Street, a 29-story office tower in Manhattan. It has nearly doubled in value since he paid $294 million in 2012.
Hotel X Toronto, a 404-room luxury hotel and Rovt's largest investment outside of the U.S., is scheduled to open in 2018.
His IBE Trade deals in ammonium-based fertilizer, but has lost most of its value amid the conflict in Ukraine.
Rovt grew up poor in Carpathia, a contested former Soviet territory, and attended the prestigious Lvov State University of Trade and Economics.
About
He managed a high-end Hungarian resort in the U.S.S.R. before immigrating to New York, where he first ran a deli and then sold jewelry.
He says he has never invested money in a stock or bond, preferring hard assets like housing.