Rich and poor: Ukrainian billionaires losing their wealth

Source : 112 Ukraine

2015 TOP 100 Richest Ukrainians rating was published
10:07, 31 October 2015

Comparing to the previous year, all the Ukrainian wealthiest people excepting President Poroshenko suffered drop of their wealth, according to the TOP 100 Richest Ukrainians rating, prepared by the magazine Novoye Vryemya and consulting company Dragon Capital.

“Last year, when drawing up the list of TOP 100 richest Ukrainians, it seemed that the country is going through the worst time in its recent history”, said in the magazine’s editorial statement. “This year, it was discovered that while it was far from the worst. Now in dollar equivalent, all became poorer - even those who only recently was considered as a symbol of boundless wealth. For example, Rinat Akhmetov, with his capital of $ 4.5 billion no longer seems to be rich as an Arab sheikh. The size of his estate for the year fell more than twice.”

Another example of significant decrease is Vadim Novinskiy, partner of Akhmetov. The cost of its assets for the year fell from $ 1.8 billion to $ 709 million, or for 60%, compared to 56% in Akhmetov’s case. By the way, the latter can also become a millionaire instead of billionaire, if temps go same way as now.

In general, all of the assets of the TOP 10 businesses fell sharply in price. Except for one. President Poroshenko got up in the list of 100 richest from 9th to 6th place after his business for the year grew in price by 20% to $ 979 million.

Poroshenko increased by raising the cost of its confectionery business that even in the deepest crisis is actively developing - building new capacity and developing new markets.

The assessment of the richest Ukrainians has been annually prepared by Korrespondent (later – Novoye Vryemya) magazine and Dragon Capital since 2006.

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