How many people a few years ago formed a love relationship because they met their partner on a dating app. If you ever had an experience in said world, you have probably used the creation of this Russian billionaire who was almost a pioneer in the field.
Andrey Andreevborn Andrey Vagnerovich Ogadzhanyants, is a prominent Russian-British businessman who has transformed the world of online dating with Badoo. Coming from a family of scientists, since he was a child he always had an entrepreneurial vision. His ability to identify opportunities and create effective technological solutions has been critical to his success.
Born on February 3, 1974 in Moscow, Andreev showed a great interest in technology from a young age. He built his first home radio as a teenager, which marked the beginning of his passion for communication. At the age of 18, he left Moscow University and went on a trip to Europe, which was the first step in his business career.
How Andrey Andreev, the founder of the most popular dating app, made his fortune
Andreev’s first venture, Virus, was an online store that sold computers and accessories to customers in Russia. This was just the beginning of a series of successful technological projects. In 1999, he founded SpyLog, software that allowed website owners to track visitors. Three years later, he launched Begun, a digital advertising company, which he sold in 2004.
The Russian’s mentality was always to found a company that he later sold over time. However, in 2006 Andrey’s great creation would arrive.
That year, Andreev founded Badoo in Spain, which was launched on the market in 2009. Badoo quickly became one of the most used dating apps in the world, with a presence in 190 countries and available in 48 languages. The company is headquartered in London, with additional offices in Moscow and Malta, and employs around 300 developers.
Despite having made huge profits with Badoo, in 2014, Andreev teamed up with Whitney Wolfe Herd (who worked at Tinder, the competitor) to launch Bumble, a dating app where women take the first initiative and are the only ones who can get started. to interact. This collaboration was a great success, making Bumble one of the most popular dating apps in the United States.
In 2019, Andreev created MagicLabthe conglomerate that owns different dating applications such as Badoo, Bumble, Lumen, Chappy and Hot or Not.
In November 2019, Andreev sold his majority stake in Bumble and Badoo to the group Blackstone for $3 billion. Later, in 2020, he released Stereoan audio social media platform, which competes with Clubhouse.
Andrey Andreev’s Estate in 2024
In 2024, Andrey Andreev’s net worth is estimated at $2.1 billion, reflecting his continued success and ability to create value in the technology market. In addition, he is ranked 1545 in the ranking of the richest people in the world made up by Forbes.
