Alexander Rovt was born on as Sandor Roth, July 23,1952 and 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.
14 Facts About Alexander Rovt
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Alexander Rovt's father was a manager at a knitting factory and his mother a housewife.
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Alexander Rovt grew up across the nearby border in Hungary and then attended the Lviv Academy of Commerce in Ukraine where he graduated with a degree in business and later received a PhD in international economics.
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In 1988, Alexander Rovt took a job at IBE Trade which was founded by Sheldon Silverston.
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In 1999, Alexander Rovt purchased a deteriorating fertilizer plant in Bulgaria on the condition that he spend $100 million over five years on renovations.
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Alexander Rovt was losing money due to high natural gas prices which were then trading at market prices.
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Alexander Rovt sued in the US to recover his plant and received a favorable decision but the judgment was not honored in Bulgaria.
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Alexander Rovt now has a portfolio of 280 buildings mostly in New York City.
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Alexander Rovt invests for the long term and does not believe in deficit borrowing.
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Alexander Rovt served on the NYC Board of Corrections as Vice Chairman and is a trustee of the John Jay College of Criminal Justice.
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Alexander Rovt serves as the chairman of the board of the Brookdale University Hospital and Medical Center.
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Alexander Rovt has donated to the campaigns of Andrew Cuomo and Anthony Weiner.
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Alexander Rovt has endowed a school for Orthodox immigrants, the Zvi Dov Roth Academy in Brooklyn.
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Rovt and his wife Olga Rovt gave the maximum $3,850 to the campaign of Eric L Adams when he ran for Brooklyn Borough President in 2017 and 2013.