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Ukraine Rich List


businesses make steel, mine coal in Russia, and construct mining equipment in the Czech republic. His agricultural holdings grow grain, rear sheep, horses, poultry, bees, make ice-cream, blinis and cakes.


There is little other information about


him; it is uncertain where he lives now - in Ukraine or Russia, and where else he might also have businesses.


Born in 1954, connected to Donetsk. Married, has a son.


7. Oleksiy Martynov: US $2.1 billion Steel, fuel and energy Oleksiy Martynov is yet another rich man of whom very little is known. A member of Privatbank board since 2000, he personally does not own that many shares but some companies with which he is said to be affiliated reportedly own a significant minority. He is a board member for a Moscow commercial bank, Moskomprivatbank. He also oversees the steel and ferroalloys businesses of Privat group (where he is a partner of Kolomoysky and Boholyubov).


Born in 1966 in Russia, studied in Dnipropetrovsk. Widowed, has a daughter.


8. Vitaliy Hayduk US $1.5 billion Steel, real estate Korespondent sees the future of this billionaire in politics. This year his company Vis-A-Vis sold its 30% share in Industrialny Soyuz Donbasu (ISD) which this year lost some court cases brought on by Rinat Akhmetov’s holding company and as a result had its assets frozen. Now Mr Hayduk can indeed return to the modest official salary of a Ukrainian statesman, and rumour has it that he wishes to do so. He has already served as a Secretary of the Security Council under president Yushchenko, and used to be a member of the Party of Regions and a minister in Viktor Yanukovych’s government before the Orange Revolution. He still owns some non-ISD businesses.


Born in 1957 in Donetsk region. Married, has a son and a daughter.


9. Yuriy Kosiuk : US $1.3 billion Agriculture Almost every second Ukrainian chicken begins and ends its life in this young billionaire’s factories: he controls 40% of


the home market (TM Nasha Ryaba). His Myronivska chicken factory, with a capacity of 200,000 broilers a year, is considered super-modern, and he plans to build another, twice the size of the first. His company Myronivsky Hliboproduct has been buying grain farms and plans to further increase the output of affordable chicken. However, his luxury food businesses have been hurt by the financial crisis. (Also see interview this issue p9).


Born in 1968 in Kirovohrad region


(according to other sources, in Cherkasy). Married, has a son.


10. Oleksiy Vadatursky: US $1.1 billion Agriculture Vadatursky’s company Nibulon, which started as a quality seed seller, now accounts for one-fifth of all Ukrainian grain exports. The former Mykolaiv state servant responsible for bread started his own business in the 90s in an area he had been familiar with, unlike many others. He claims that making Ukraine one of the biggest producers and exporters of high-quality grain is his life’s ambition (Ukraine exports mainly soft wheat, which is not used for bread in the West). He started building his own fleet for transportation during the crisis and at the beginning of 2010 already had 16 vessels. He also invested in grain terminals on the Dnieper river. Korespondent writes that his company’s investments total $470 million. He has said, however, that Ukraine’s government has not supported their investments.


Born in 1947 in Odessa region. Married, has a son.


11. Serhiy Taruta: US $1,06 billion Steel, mass media, football Vitaliy Hayduk claims that he sold his part in ISD (Industrialny Soyuz Donbasu) to his partners, Serhiy Taruta and Oleg Mkrtchyan. But Taruta did not hold on to the stock for long – in January 2010 Taruta, as the president of the board of directors, he concluded the sale of 50% plus 2 shares to a group of Russian investors. The crisis hit ISD hard, and the sale was meant to pay off the debt to the Russian Vneshekonombank. The new investors brought in some Russian business, but the court cases won by Akhmetov’s companies and the freezing of ISD’s assets mean more hard times ahead. His reasonably good relationship with the Orange government is unlikely to help. He


still co-owns just over 49% of ISD shares together with Oleg Mkrtchyan (No 12).


Born in 1955 in Donetsk region. Married, has two daughters.


12. Oleg Mkrtchyan: US $1.06 billion Steel, mass media Mkrtchyan is the third former beneficiary of ISD. Apart from that holding, he is building a plant in his native Kuban region of Russia which, according to his plans, will produce a tenth of all Russian MDF-based wood panelling.


Born in 1966 in Krasnodarskiy Kray, Russia.


13. Andriy Verevsky: US $987 million Agriculture The co-owner of Kernel Group claims that his business’s capitalisation surged over the last year. In 2010, Kernel Group acquired one of the biggest sunflower oil exporters, Allseeds company. Verevsky has been an MP thrice but never showed preference for opposition factions (in 2007, he was elected as a member of Yulia Tymoshenko’s bloc but has since joined the pro-government coalition). He is rumoured to favour his company office over his Verkhovna Rada seat.


Born in 1974 in Poltava. Married with three children.


14. Valeriy Khoroshkovsky: US $804 million Mass media


Khoroshkovsky is the head of the SBU, Ukraine’s security service. His combining that role with the ownership of UA Inter Media Group Limited (IMG) drew massive criticism and accusations that Khoroshkovsky uses the SBU to suppress rivals (an accusation that he denies). The two TV channels, 5 kanal and TVi (which just happen to be the two channels with the


October/November 2010 UkraineBusiness insight 29


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