Andrey Andreev Has Astonishing Record of Business Development Success

Andrey Andreev is a Russian born businessman that started his first company at the age of 21. Having tried to focus on studies at a local college, while working at an advertising and public relations company, Andrey Andreev stopped his studies, formed his first business in 1995. His first company was an online store for computers and computer accessories. That same year he relocated to Spain, although he would split time between Russia and Spain. 

His first company was named Virus and Andreev sold Virus in 1997 for an unknown amount. In 1999 Andreev formed a new company called SpyLog. SpyLog is a web tracking company that helps track visits to a site, as well as site user interests. In 2002 he formed Begun, which is a contextual advertising firm. His majority in the company was sold in 2004 to Finam, and in 2008 Google purchased Begun for $140 million. 

Around the time of the Finam acquisition, Mamba was founded. Andreev’s Mamba would become the most popular Russian dating site. In 2006 Finam took another majority ownership in one of Andreev’s companies by partnering with Mail.ru to become majority owners of Mamba. That same year Andrey Andreev launched Badoo. With more than 360 million registered users, Badoo is the largest social network. Operating in 190 countries it generates more than $150 each year. 

Badoo has offices in London and Moscow. Whitney Wolfe, co-founder of Tinder, partnered with Andreev in 2014 to form Bumble. Bumble is an online dating service that is designed with women in mind. The Russian native that now lives in London has a net worth of $2.4 billion. His worth increased by $1 billion in the first three months of 2019 alone. In 2018 he was listed for the first time by Forbes as a billionaire. 

 
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