Nikita Demidov

Russian businessman (1656-1725)

Nikita Demidov built a career in business at a period when the rules of commerce were themselves changing.

The record lists Nikita Demidov as Russian businessman (1656-1725).

Nikita Demidov was born at Tula in 1656. His recorded nationality is Tsardom of Russia.

Commerce then ran on personal credit, family networks and letters that took weeks to arrive; trust was the scarcest asset.

He worked as industrialist and entrepreneur.

Enterprises outlive their founders or they do not, and that is the whole test.

That the business was built from Tsardom of Russia shaped it: capital, regulation and market size differ by country, and they decide what is even attemptable.

Nikita Demidov died in 1725, aged 69. What remains is the enterprise and its consequences, which is the only durable measure of a commercial life.

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