Fintech Leaders
Fintech Leaders
Miguel Armaza
Michael Calvey: The Investor Behind Multiple $20+ Billion Companies
1 hour 7 minutes Posted Feb 24, 2026 at 1:00 pm.
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Send us Fan Mail Miguel Armaza sits down with Michael Calvey, one of the most successful and legendary emerging markets investors of our time. Mike moved to Moscow at age 27 in the early 90s and built Baring Vostok into a powerhouse with $10+ billion invested in Russia. They backed now-decacorns like Yandex, Revolut, Tinkoff, and Kaspi at their earliest stages. Yandex alone was a 450x return for the fund. Along the way, he survived a 98% market crash, was detained by Russia's secret service,...