Ihor Kolomoyskyi in the context of Business oligarch


Ihor Kolomoyskyi in the context of Business oligarch

⭐ Core Definition: Ihor Kolomoyskyi

Ihor Valeriyovych Kolomoyskyi (Ukrainian: Ігор Валерійович Коломойський, romanizedIhor Valeriiovych Kolomoiskyi; Hebrew: איגור קולומויסקי; born 13 February 1963) is a Ukrainian-born Israeli billionaire businessman, once considered the leading oligarch in Ukraine.

Already an entrepreneur in the last years of Soviet Ukraine, in 2010 Kolomoyskyi was rated as the second richest person in Ukraine, and as one of the country's most influential oligarchs. In 1992, he had co-founded PrivatBank and its informal stable of companies, Privat Group. He subsequently acquired extensive media holdings. From 2014 till 2016, Kolomoyskyi served as Governor of Dnipropetrovsk Oblast until his dismissal by President Petro Poroshenko. That year, his undercapitalised bank was declared a threat to Ukraine's financial security and taken into state ownership. In 2019, Kolomoyskyi's media power and funding supported Volodymyr Zelenskyy's successful presidential campaign to unseat Poroshenko.

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Ihor Kolomoyskyi in the context of Ukrainian oligarchs

Ukrainian oligarchs (Ukrainian: українські олігархи, romanizedukrayinski oliharkhy) are business oligarchs who emerged on the economic and political scene of Ukraine after the 1991 Ukrainian independence referendum. This period saw Ukraine transitioning to a market economy, with the rapid privatization of state-owned assets. Those developments mirrored those of the neighboring post-Soviet states after the dissolution of the Soviet Union. Pro-Western sources have criticised Ukraine’s lack of political reform or action against corruption, and the influence of Ukrainian oligarchs on domestic and regional politics, particularly their links to Russia.

In 2008, the combined wealth of Ukraine's 50 richest oligarchs was equal to 85% of Ukraine's GDP. In November 2013, this number was 45% (of GDP). Ukrainian GDP fell by 7% in 2014, and shrank 12% in 2015. By 2015, due to the Russo-Ukrainian War, the total net worth of the five richest and most influential Ukrainians at that time (Rinat Akhmetov, Viktor Pinchuk, Ihor Kolomoyskyi, Henadiy Boholyubov and Yuriy Kosiuk) had dropped from $21.6 billion in 2014 to $11.85 billion in June 2015. According to a research by The New Voice of Ukraine in November 2023 there were only two billionaires left in Ukraine, these being Rinat Akhmetov ($6.59 billion) and Viktor Pinchuk ($1.72 billion). In November 2022 they had counted nine billionaires. The February 2022 Russian invasion of Ukraine and its negative impact on the economy of Ukraine led to the decline in billionaires.

View the full Wikipedia page for Ukrainian oligarchs
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Ihor Kolomoyskyi in the context of Henadiy Boholyubov

Gennadiy (Zvi Hirsch) Bogolyubov (Ukrainian: Генна́дій Бори́сович Боголю́бов, Hebrew: גנאדי בוריסוביץ' בוגוליובוב; b. 20 January 1962) is a Ukrainian oligarch based in the United Kingdom. He controlled Privat Group, along with Ihor Kolomoyskyi and Oleksiy Martynov [uk].

View the full Wikipedia page for Henadiy Boholyubov
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