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World’s Billionaires: Victor Pinchuk
#336 overall
#2 in Ukraine
$3.3 B
Net Worth Calculated March 2011
- Age: 50
- Source: steel pipes, self-made
- Residence: Kiev, Ukraine
- Country of citizenship: Ukraine
- Education: PHD, Dniepropetrovsk Metallurgical Institute
- Marital Status: Married
- Children: 2
Profile
Lavished $5 million on himself and his wife for a joint birthday party in Courchevel, France that featured acrobats from Cirque de Soleil and celebrities including Steven Spielberg. A week earlier in Kiev, announced the winner of his $100,000 art prize for young artists; Jeff Koons, Damien Hirst and Miuccia Prada were on hand for the fete. Seventh year hobnobbing at Davos. Meanwhile his pipemaker Interpipe struggling to refinance reported $900 million in debt. Instead using proceeds from 2008 sale of his Ukrsotsbank to Italy's UniCredit Group for $2.2 billion to create investment portfolio. New ventures include insurance and oil explorer Geo-Alliance, which he considered IPOing on the Polish bourse in December. Son-in-law of ex-president Leonid Kuchma used his Ph.D. in pipe design to found Interpipe in 1990.