Home / Ukraine / Putin’s Friend Timchenko Most Successful Russian Billionaire of 2016 So Far

Putin’s Friend Timchenko Most Successful Russian Billionaire of 2016 So Far

Gennady Timchenko, billionaire owners of a Volga Group association and one of Russian President Vladimir Putin’s closest allies, has cumulative a pretension of many successful Russian billionaire in 2016 so far, a RBC news website reported Friday, citing a rating by a Bloomberg news agency.

Timchenko’s association Volga Group grew by 30.6 percent during a past 5 months, adding an additional $2 billion to a altogether value, Bloomberg reported. The altogether value of a association is now rated by Bloomberg during $8.6 billion. The success authorised Timchenko, who was named as by Putin as a “personal friend” progressing this year, to take a 12th mark on a list of richest Russian billionaires and 136th richest chairman in a world.

The expansion of a Volga Group has been quite attributed to a expansion of gas association Novatek, of that Timchenko owns 23.5 percent share

The net value of Russia’s 15 richest billionaires has already risen by $11.2 billion this year, Bloomberg reported. Other billionaires who saw their companies benefit some-more than a billion dollars in a initial 5 months of 2016 embody Andrei Melnichenko, owners of SUEK and EuroChem, Vladimir Lisin, owners of NLMK, and Leonid Mikhelson, owners of Novatek.

Article source: http://www.themoscowtimes.com/article/571266.html

InterNations.org