Ivan Savvidi Net Worth

Ivan Savvidi has an estimated net worth of $1.7 billion, according to Forbes Real-Time Billionaires, Ivan Savvidi profile (figures as of October 20, 2026). That is up from $1.5 billion in 2019.

Ivan Savvidi is a Russian businessman in agribusiness and diversified holdings. He founded Agrocom Group, a business whose assets included the Russian tobacco company Donskoy Tabak. His career started on the factory floor at the Don State Tobacco Factory, which later became Donskoy Tabak. In 1993, workers elected him general director. That role gave him control of the company that became the base of his fortune and public profile.

Savvidi became widely known through tobacco, then expanded into sports, media, and port assets in Greece. In March 2018, he sold Donskoy Tabak for $1.6 billion to Japan Tobacco. Through his Greek company Dimera, he owns a stake in FC PAOK in Thessaloniki, where he also operates a port. In 2022, he bid for the port of Alexandroupoli, but the Greek government later decided not to sell it.

How Ivan Savvidi built his wealth

Savvidi’s money story begins with tobacco. He got his start as a worker at the Don State Tobacco Factory and moved up over time. In 1993, he was elected general director, a key step that put him at the center of the business that became Donskoy Tabak. He later became the founder of Agrocom Group, whose assets included that tobacco company. That mix of operating experience and ownership shaped most of his wealth.

A major turning point came in March 2018, when he sold Donskoy Tabak for $1.6 billion to Japan Tobacco. After that, his business interests were still spread across more than tobacco. Through Dimera in Greece, he owns a stake in FC PAOK in Thessaloniki and also operates a port there. He also pursued another port deal in 2022, bidding for Alexandroupoli before the Greek government decided not to proceed with a sale.

What Forbes says about his fortune

Forbes has tracked Savvidi’s wealth across several years. It estimated his fortune at $1.5 billion in 2019, $1.6 billion in 2020, and $1.7 billion in 2021. The estimate then moved to $1.6 billion in 2022, returned to $1.7 billion in 2023, dipped to $1.4 billion in 2024, and rose back to $1.6 billion in 2025. Those changes show a fortune that moved, but stayed in a fairly tight range.

The latest Forbes update puts him at $1.7 billion on the real-time billionaires tracker as of October 20, 2026. Forbes also listed him at $1.7 billion on the 2026 World's Billionaires List. The main driver named by Forbes is agribusiness, and his background includes Agrocom Group and the earlier sale of Donskoy Tabak. His portfolio also includes a stake in FC PAOK and port operations in Thessaloniki through Dimera.