Укр Eng

Press about us

26.05.2007

Rating of the "Korrespodent" magazine. The wealthiest men in Ukraine. Victor Pinchuk

Imagine you are Victor Pinchuk. You are a leader of a successful political bloc. Your father-in-law is the President of the State. All State quotas on export of pipes are given to your enterprises. You are managing the biggest in Europe Ferroalloy Plant. They arrange a tendering on acquisition of the largest metallurgy plant in the country and you purchase it at the price of scrap metal. And one not very nice day they take it away from you. What are you going to do? Aha! Pinchuk was not taken aback, though.

Furthermore, the Dniepropetrovsk billionaire has managed to double his capital for the last year. Accordingly, compared to the last year ranking made by Korrespondent, Pinchuk outrode his closest pursuer, Igor Kolomoiskiy, (No. 3) by more than $ 2 bln. 

What wonder? The owner of Interpipe Corporation is a past-master in turning wicked circumstances into killing profits. Here's the latest instance. Last year Pinchuk was trying to sell his Ukrsotsbank to Italians at a fabulous price - $ 1, 3 bln. However, one man's [Pinchuk's] meat is another man's [Kolomoiskiy's] poison. That is why the latter blocked the transaction through the minority shareholders of Ukrsotsbank. As soon as the way to the Italian money was cleared after multiple lawsuits, the National Bank hit the ground running and defeated the Agreement with Intesa SanPaolo. While the opponents were putting spokes in Pinchuk's wheels, the price of Ukrsotsbank went up to $ 2, 46 bln. It is not improbable that this financial institution will soon be sold at this price or even higher. 

The 46 year-old businessman is also well-known not only for making big money but for spending it. While his Ukrainian millionaire mates are throwing their dollars into the national football, Pinchuk is working hard on humanitarian projects. Wiping out his political image from the memory of Ukrainians, the billionaire is putting on his new public face a make-up of a contemporary art devotee. "He is the first person of all Ukrainian oligarchs who has become known in Europe not only as a businessman but also as a political figure and patron of arts", - said Igor Burakovskiy, Director of the Institute for Economic Studies and Political Consultations. 

As for patronage of art, opening of PinchukArtCenter – the largest private art gallery in Ukraine- in the center of Kyiv last autumn is one of the examples. Moreover, Pinchuk convenes annual round-table meeting of the world political elite. In winters, at the International Forum in Davos (Switzerland). In summers at the YES conference (Yalta European Strategy). The regular participants are: Poland's ex-president, Alexander Kwasniewski; George Soros; Jean Lemière, the president of EBRD. 

At dinner-parties with ample grub, the guests usually pour forth recommendations on how we should attach Ukraine to European Union. One wouldn't usually hear anything new there. At the same time, both events are extremely prestigious. At the latest forum in Davos Pinchuk was treating the head of the Cabinet, Victor Yanukovich, to a dinner, and the latter, by way of gratuity, was feeding the Europeans with promises on Ukraine's inevitable accession to EU. 

Covering one of such informal summits, the Korrespondent asked Pinchuk, whether he considered such events fruitful enough. His answer explains a lot: "Intelligent and right people have gathered together in here". Here's one more talent, not fully discovered though, of Pinchuk the billionaire consisting in gathering "right" people into one deck.

Source: Korrespondent
Share |

Back to the list

Video

RSS All video
26.06.2026

ICTV Report about YES Dinner Discussion in Gdansk. June 25, 2026

26.06.2026

What Ukraine Needs Now. Discussion on the eve of URC2026 in Gdańsk

28.05.2026

Ukrainian Veterans Leadership Program at Yale Jackson School of Global Affairs

28.05.2026

ICTV Video recap of the UVLP Program at Yale Jackson School of Global Affairs. May 26, 2026.

Pages 1 2 3 4 5 ... of 5
 

News

RSS All news

Victor Pinchuk Foundation Has Purchased Expendables For Volyn Cradles of Hope Centre

04.09.2019

In continuation of its systemic efforts to provide technical support to Cradles of Hope partner centres, the Victor Pinchuk Foundation has purchased expendables for the breathing support equipment for the newborn anaesthesiology unit of the Volyn Oblast Children’s Territorial Medical Association, amounting overall UAH 59 220.

Victor Pinchuk Foundation has helped with replacement of ultrasound transducer at Cradles of Hope centre in Kyiv Perinatal Centre

21.08.2019

Continuing the efforts for systemic support of the Cradles of Hope partner centres, the Victor Pinchuk Foundation has helped to purchase a new ultrasound microconvex transducer for the Kyiv Perinatal Centre by providing an amount of UAH 75 000 for that purpose. The transducer will be used for ultrasound examinations at the infant intensive care unit.

The "BDayVyklyk: First Breath" project has handed a resuscitator to the Cradles of Hope centre in Khmelnytsky

15.08.2019

As part of the "BDayVyklyk: First Breath" project initiated by Ukrainian national Kateryna Sadova, on 14 August the 10th resuscitator NeoPuff TM RD-900 was handed over to the Victor Pinchuk Foundation's Cradles of Hope centre operating on the basis of the Khmelnytsky city perinatal centre. Ukrainians concerned about the problem of premature baby treatment have raised UAH 125,365 worth of the device on the Ukrainian Philanthropic Marketplace online platform.

Pages 120 121 122 123 124 ... of 124
Created and supported by: «Art Depo» Creative Agency