Sverdlov's 94% decline in net worth is the largest wealth loss of anyone outside China who appeared on the Bloomberg Billionaires Index in 2021.

[2] He was raised in Saint Petersburg by his engineer parents who were employed at a state-operated factory specializing in manufacturing fan blades used in electrical turbines.

[5] Sverdlov was a co-founder and chief executive of Yota, a Russian mobile broadband company, until its acquisition by MegaFon in 2012.

[4] Post-acquisition Sverdlov set up the Kinetik Trust to invest in a range of promising technologies and bring them to market.

[4] He left this position following new legislation which banned government officials from holding assets abroad.