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 and EastOne to Host Davos Ukrainian Breakfast on January 25, 2018

24.01.2018

On January 25, 2018 in Davos (Switzerland), the Victor Pinchuk Foundation and international investment advisory group EastOne will hold the annual Davos Ukrainian Breakfast, their traditional private event organized at the occasion of the Annual Meeting of the World Economic Forum (WEF).

Victor Pinchuk Foundation Presents Works by the Ukrainian Artist Anna Zvyagintseva in the Ukraine House Davos

23.01.2018

This is the first time when the Ukrainian contemporary art is demonstrated on occasion of WEF with the aim to highlight the vibrant, energetic European country and society that is Ukraine and to showcase Ukraine to global leaders from business, politics and civil society.

The Victor Pinchuk Foundation has purchased expendables and covered the cost of equipment repair for the newborn intensive care unit at the Chernivtsi Oblast Children’s Clinic Hospital

19.12.2017

The Victor Pinchuk Foundation has provided help to the intensive care unit of the Chernivtsi Oblast Children’s Clinic Hospital as part of technical support for the Cradles of Hope partner centres. 

Pages 155 156 157 158 159 ... of 159
Created and supported by: «Art Depo» Creative Agency