In this success post, we are going to share the story of Gennady Timchenko, a Russian oligarch billionaire businessman. He founded and owns the private investment group, Volga Group, which is having its specialization in investments in transport, energy, and infrastructure assets. Previously he was a co-owner of Gunvor Group.
In the year 2019, Gennady Timchenko was ranked as the 47th on the Forbes magazine billionaire list, with an estimated fortune of $22.7 billion. But he is known for being the chairman of the Board of Directors of the Kontinental Hockey League and President of the SKA Saint Petersburg ice hockey club. He is a citizen of America, Russia, and Finland. He is the honorary consul of Serbia in Saint Petersburg.
Gennady Timchenko Early life and education
Gennady Timchenko was born in the Leninakan, Armenian SSR, Soviet Union, in the year 1952. His father was in the Soviet military and fought alongside Russian forces in the Second World War. He spent six years in his childhood in the German Democratic Republic and in the Ukrainian SSR. In the year 1976, he graduated from the Mechanical Institute of Saint Petersburg, and then named Leningrad, as an electrical engineer, according to a 2008 interview with the WSJ.
Gennady Timchenko Career
In the year 1977,he started to work as an engineer for the Izhorsky plant near Saint Petersburg, which is having its specialization in building power generators. Since he spoke German, They then moved him to the trade department of this state-owned company.
From the year 1982 to 1988, he worked as a senior engineer of the Ministry of Foreign Trade.
In the year 1988, when Russia started to liberalize its economy, It promoted him to Deputy Director of State-owned Oil Company Kirishineftekhimexport. Because which has create in the year 1987 based on the Kirishi Refinery. One of the three largest refineries in the RSFSR. Gennady Timchenko teams set up some first export routes of oil products from the USSR to Western countries. And Gennady Timchenko becomes one of the leading figures of the Russian oil trading company.
Gennady Timchenko Personal Life and Citizenship
He married Elena. They have three children. As of March 2014, he lives in Moscow, Russia, while his family resides in Switzerland. His daughter Ksenia is married to Gleb Frank, son of the Putin former Transport Minister Sergei Frank. They married in 2010.
In The Wall Street Journal interview, but he said that in the year 1999, he gave up Russian citizenship and became Finnish Citizen.
Gennady Timchenko wealth
According to Forbes Magazine, but he is one of the wealthiest people in Russia and the world. According to we estimated the Russian Publication RBC at $24.61 billion.
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