According to Forbes, Ukrainian oligarchs with immense losses – richest businessman loses two thirds
Created: 12/29/2022, 4:50 am
By: Marcus Giebel
Has suffered immense financial losses: Rinat Akhmetov is considered the richest Ukrainian (archive photo).
© IMAGO / NurPhoto
According to a Forbes estimate, the 20 richest Ukrainians have lost almost half their wealth since the war began.
One of the biggest losers was Rinat Akhmetov, who continued to lead the ranking.
Munich – The Ukraine war produced an enormous number of losers.
In addition to those who lost their lives, especially those who didn't have much left.
On another level, the countless Russian oligarchs and other Vladimir Putin confidants are feeling the effects of Western sanctions.
However, the millionaires and billionaires in Ukraine also had to accept immense losses.
This is the result of an estimate by the US business
magazine Forbes
.
According to this, the 20 richest Ukrainians have lost more than 20 billion US dollars (almost 18.8 billion euros) since the invasion began a good ten months ago.
Her current net worth is estimated at $22.5 billion (€21.1 billion).
In total, the situation of 129 Ukrainian businessmen who appeared in the top 100 over the past two years was analyzed.
Persons who have lost their citizenship or who are accused of high treason were not taken into account.
Richest Ukrainians lose a lot of money: Akhmetov continues to lead the Forbes ranking
The number one with 4.4 billion US dollars (a good 4.1 billion euros) is the entrepreneur and politician Rinat Akhmetov, who heads the investment company System Capital Management (SCM).
It also owns the coal and power producer DTEK and the steel group Metinvest.
They are followed by Maxim Lytvyn and Alex Shevchenko, founders of the US software company Grammarly, each with 2.3 billion US dollars (a good 2.1 billion euros).
They are just ahead of Wiktor Pintschuk, who has accumulated 2.2 billion US dollars (almost 2.1 billion euros) with the industrial company Interpipe.
One of the richest men in Ukraine: Viktor Pinchuk is said to have more than two billion euros.
© IMAGO / Belga
Consequences of war for Ukrainian oligarchs: Big losses for old-school businessmen
Forbes
says it created the ranking to understand how Ukrainian oligarchs fared in the face of the long war.
This gives a good overview of the state of the entire Ukrainian economy.
It turned out that the days of old-school businessmen were over, because they had to record disproportionately high losses.
Akhmetov's assets, for example, were still listed as 13.7 billion US dollars (a good 12.8 billion euros) in February, which means that he had to accept losses of more than two-thirds.
Vadim Novinsky, who holds shares in Metinvest, and Oleksandr Yaroslavskyj, head of the industrial and financial group DCH, both slipped significantly.
According to
Forbes
, Novinsky was down to $1 billion from $3.5 billion, while Yaroslavsky fell from $1 billion to $340 million.
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Deaths and financial losses: Akhmetov's company in Russia's sights
In connection with Akhmetov, the Kiev Independent
refers to the losses at the Azovstal power plant in Mariupol, which had been heavily contested for weeks, and at the country's second-largest metallurgical company, Illich Iron and Steel Works.
His company, DTEK, reported 18 attacks on its facilities by early December, killing three and injuring 20.
The critical infrastructure in particular had repeatedly come under fire from Russia.
As
Forbes
further reports, the top 20 richest Ukrainians already include six entrepreneurs who have made their fortunes in the "knowledge economy" and have had no direct contact with the country.
This change of eras was "brutally accelerated" by the war.
Economic experts assume that as early as 2023 it will become clear how skilfully these businessmen of a new era will proceed in the reconstruction of Ukraine.
(mg)
