What would you think of someone who moved to the U.S. with his parents at the age of four, spent his childhood managing neighborhood car washes, lemonade stands, and garage sales to make money, moved to Florida during his early teens, attained a Bachelor of Science degree in business administration/finance from the University of Florida, and within a few short years was named to the 30-Under-30 list at Forbes magazine? You’d be describing the life of Sergey Petrossov. He’s the business savvy 28-year-old CEO of JetSmarter, a Fort Lauderdale-based, a private jet transportation company.
Recently, his company raised $105 million from investors, which include such luminaries as celebrity rapper Shawn “Jay Z” Carter and the Saudi royal family. JetSmarter has an estimated worth of $1.5 billion.
Speaking to its name, it truly provides a Jet Set lifestyle and destinations. JetSmarter already flies to Europe, the United States, and the Middle East. An expansion is planned to take in China, India, and South America. Although the corporate headquarters are in Fort Lauderdale, Florida, it currently has offices in Zurich, London, Dubai, Moscow, and Saudi Arabia.
JetSmarter has a mobile app that allows clients to charter whatever they need, despite the fact that the company doesn’t own any jets. A client can create their own charter, or travel on a private jet. The annual membership fees are a simple $14,000 to join and there are about 8,000 members, currently and more come aboard as the destinations expand. It’s an interesting and innovative business model from a savvy guy who when from lemonade to the skies.