Arab Today, arab today ukraine leaders wealth grows despite war economic woes
Last Updated : GMT 22:12:17
Arab Today, arab today
Arab Today, arab today

Ukraine leader's wealth grows despite war, economic woes

Arab Today, arab today

Arab Today, arab today Ukraine leader's wealth grows despite war, economic woes

Petro Poroshenko, President of Ukraine
Kiev - AFP

The value of Ukrainian President Petro Poroshenko's assets soared despite economic crisis and conflict while those of other tycoons shrank in an annual wealth list published Friday.

The 50-year-old Western-backed president's business empire ranges from chocolates to media holdings that still remain under his control.

Friday's independent Novoye Vremya weekly showed the Ukrainian leader -- often criticised for failing to curb the political powers of fellow tycoons -- ranked as the country's sixth-richest man.

His assets reportedly rose by 20 percent to $979 million (889 million euros) -- barely supporting his claim of no longer being a billionaire.

Poroshenko retains control of a top TV channel and has failed to follow through on his promise to sell off his Roshen chocolate empire due to a lack of foreign interest and a dearth of rich-enough investors in Ukraine itself.

The president's official spokesman did not pick up his phone when contacted repeatedly by AFP.

"Poroshenko's (wealth) rose thanks to the rise in value of his candy business that -- even in the midst of the deepest of crises -- is developing quickly, building new capacities and conquering new markets," the weekly said.

The wealth list is topped by the nationally renowned metals magnate Rinat Akhmetov

Tthe 49-year-old is a controversial figure accused by some Ukrainian media of impeding Poroshenko's efforts to halt the 18-month war in the pro-Russian east.

Novoye Vremya said Akhmetov's fortunes had plunged by 56 percent to $4.5 billion due in a part to the sharp recent fall in global commodity prices.

Poroshenko's sworn political foe and banking giant Igor Kolomoyskiy came in third with a fortune estimated at $1.9 billion.

The 52-year-old grey-bearded and fiercely outspoken figure finds himself in the peculiar position of being at odds with both Kiev and Moscow.

Russia's state media accuse him of funding Ukrainian neo-Nazi combat units that commit grave crimes in the separatist east.

Poroshenko's fight against Kolomoyskiy began with efforts to strip him of his indirect control of a state-owned oil company and culminated in the businessman losing his seat as governor of the industrially important Dnipropetrovsk region in March.

Kolomoyskiy's wealth reportedly slipped by 17 percent due to the EU-neighbouring country's financial woes.

All the other names in the top 10 also suffered losses since the weekly conducted its study last year.

Ukraine's economy is on track to lose about 12 percent of its gross domestic product this year and only return to marginal growth should the eastern campaign end in 2016.

 

arabstoday
arabstoday

GMT 13:55 2017 Wednesday ,20 September

Humble bicycle back in vogue in Cuba

GMT 13:19 2017 Wednesday ,20 September

European equities waver before Fed decision

GMT 12:57 2017 Wednesday ,20 September

UK retail sales surge in August, raises interest rate

GMT 11:03 2017 Wednesday ,20 September

US CEOs optimistic on economy, tax reform: survey

GMT 07:12 2017 Wednesday ,20 September

NAFTA talks moving at 'warp speed,' US trade rep

GMT 07:04 2017 Wednesday ,20 September

Brazil’s economy needs your prayers

GMT 17:06 2017 Tuesday ,19 September

EU firms want 'concrete action' from China on access
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ukraine leaders wealth grows despite war economic woes Arab Today, arab today ukraine leaders wealth grows despite war economic woes

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ukraine leaders wealth grows despite war economic woes Arab Today, arab today ukraine leaders wealth grows despite war economic woes

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday