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#40 Richest: Serhiy and Oleksandr Buryak, 44 and 40

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Dec. 17, 2010, 1:32 a.m. | Ukraine — by Kyiv Post

Serhiy Buryak (L) and Oleksandr Buryak

Kyiv Post

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$299 million
Serhiy is married with two children Oleksandr is married
Interests: banking For the Buryak brothers, owners of Brokbiznesbank, Ukraine’s 13th-largest bank, 2010 was the year of tax troubles.

In March, Serhiy, the elder brother, lost his job as the head of the state tax administration.

In December, Oleksandr, the younger brother, was expelled from the Yulia Tymoshenko bloc parliamentary faction for supporting the new tax code that inspired nationwide protests.

Fortunately for the Buryaks their tax problems remained a political problem and did not affect their banking business.

As of Nov. 1, Brokbiznesbank is rated 10th in Ukraine in terms of its financial results – above such international financial powerhouses as Raiffeissen Bank Aval and Ukrsotsbank.

This leads to the conclusion that instead of politics the Buryak brothers should concentrate on what they do best – banking.

After all, this is the family tradition.

Just two months ago their 72-year old father Vasyl finally retired from his post of deputy chairman of the board of the state-owned Oshchadbank, where he was one of the longest-serving members.
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