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

YES Brainstorming - first day opening: covering global threats, pandemics, Afghanistan and climate change

10.09.2021

Victor Pinchuk, businessman and philanthropist, founder of YES, opened the first day of the YES Brainstorming in Kyiv, organised by the Yalta European Strategy (YES), in partnership with the Victor Pinchuk Foundation, and expressed the view that Ukraine is not only an integral part of Europe’s history, but also Europe’s future.

Watch the online stream from YES Brainstorming

09.09.2021

On September 10-11, 2021, we invite you to watch the online stream from YES Brainstorming “Post-COVID = Pre-Disaster? Steps to Survival” on the official Victor Pinchuk Foundation’s channel on YouTube. The video will be available in English and Ukrainian.

Ukraine’s challenges and prospects in the European and global context will be the focus of the second day of the YES Brainstorming

08.09.2021

The second day of the YES Brainstorming, organised by Yalta European Strategy (YES) and the Victor Pinchuk Foundation, will focus on challenges and prospects of Ukraine in the European and global context.

Pages 94 95 96 97 98 ... of 98
Created and supported by: «Art Depo» Creative Agency