Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Pavel Durov
Investors and Entrepreneurs

Programmer and businessman Pavel Durov: the story of the founding of VKontakte

24.07.2022
2 min read

Who is Pavel Durov: a biography of the businessman

Pavel Durov became famous in 2006 when he created the social network VKontakte. In a short time, it became a popular resource in a number of CIS countries. Another of Pavel Durov’s projects is the messenger Telegram. Durov’s programming talent and excellent business acumen allowed him to increase his capital to $15 billion.
The entrepreneur was born in 1984 in St. Petersburg in the family of a doctor of philology and a journalist. In 1990, Pavel’s father was invited to teach in Italy, and the family moved to the Mediterranean country for two years. After returning to Russia, Durov studied foreign languages in depth and became interested in programming. After graduating from school, the young man entered the Department of English Philology at the University of St. Petersburg. In the same place, but in the programming department, his older brother Nikolai studied.
While getting his education at the university, Pavel launched several Internet projects, among which was a forum for students. It became the basis for the development of the social network VKontakte, the creation of which began after graduation. It should be noted that the idea of a portal for communication between people was not something unique. At the time, Facebook was actively developing in the United States, about which the young man was told by a former classmate living in the States. Together they decided to develop a similar network, but for local users. The founders of the project, in addition to Durov himself, were two other businessmen who invested in the creation of the social network.businessman Pavel DurovVKontakte was launched in March 2006, and by November the number of network users was 1.5 million people. By 2008, more than 20 million people had registered on the portal; monetization appeared then, and the project began to bring in money.
Since 2011, Durov was regularly pressured by the state security service to hand over user data. In 2014, the businessman sold his stake in VKontakte and left the country.
Telegram messenger for secure messaging was launched in 2013, and by early 2015 the application had been downloaded more than 35 million times. In the same year, rumors of a deal between Durov and Google appeared in the press. It was assumed that the IT giant wanted to buy the messenger for $1 billion, but Pavel denied this information.
Telegram is free for users, but the investment in it is quite serious. The annual investment in the application is about 12 million, the main sponsor is Durov himself. One of the main advantages of the messenger its founder calls confidentiality. Paul has repeatedly refused to provide the authorities with information about the users, to save their correspondence. For this, the regulatory authorities regularly warn about blocking Telegram, but so far their statements look more like intimidation.

Tags: Investors and Entrepreneurs
0
Previous Post The success story of the American company Max Factor Next Post National Bank of Georgia develops regulation of cryptocurrency market

You Might Also Like

Giovanni Ferrero
Investors and Entrepreneurs
Giovanni Ferrero: How the heir to a chocolate empire transformed the business
03.02.2025
Paul Tudor Jones
Investors and Entrepreneurs
Paul Tudor Jones: A path to becoming a founder of Tudor Investment Corporation
17.12.2020
Geraldine Weiss
Investors and Entrepreneurs
Biography of Geraldine Weiss: how a woman managed to become successful in the world of men
01.01.2022
Robert Toru Kiyosaki
Investors and Entrepreneurs
Robert Toru Kiyosaki: the success story of the bestseller author Rich Dad, Poor Dad
06.05.2021
Charles Koch
Investors and Entrepreneurs
American businessman Charles Koch: activities and philosophy of life
10.02.2022
Malaysian designer Jimmy Choo
Investors and Entrepreneurs
Jimmy Choo: the story of the shoe designer who conquered the world
06.11.2022

Popular Posts

  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics