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#5 Richest: Kostyantyn Zhevago, 36
Dec. 17, 2010, 3:06 a.m. | Ukraine — by Kyiv Post
UNIAN
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$2.417 billion
Married with one son and one daughter
Interests: steel, iron ore, banking Ukraine’s youngest billionaire, Kostyantyn Zhevago likes being first in everything he does.
He was the first Ukrainian to list his Ferrexpo holding company on the main market of the London Stock Exchange in 2007.
Less gloriously, the businessman also tied for being the most truant parliament deputy, missing all 51 parliament sessions this year, along with 13 other lawmakers.
Zhevago controls Finance and Credit bank and is a majority shareholder of Ferrexpo, a holding company with assets in mining and railway shipment.
The core of the business is iron ore mining and the Ukraine-listed Poltava Iron Ore, which contains nine individual iron ore deposits.
Although Zhevago took a hit during the financial meltdown, his company still controls most of Ukraine’s domestic iron ore supplies together with Metinvest, which belongs to Eastern Europe’s richest man, Rinat Akhmetov.
Ferrexpo posted $525 million in revenue in the first six months of 2010 compared to $310 million for the same period in 2009.
Zhevago is looking to develop a mine on the Yeristovo iron ore deposit at a cost of around $1.5 billion, so he may not make an appearance in parliament any time soon.
He’ll be too busy with his new projects.
Married with one son and one daughter
Interests: steel, iron ore, banking Ukraine’s youngest billionaire, Kostyantyn Zhevago likes being first in everything he does.
He was the first Ukrainian to list his Ferrexpo holding company on the main market of the London Stock Exchange in 2007.
Less gloriously, the businessman also tied for being the most truant parliament deputy, missing all 51 parliament sessions this year, along with 13 other lawmakers.
Zhevago controls Finance and Credit bank and is a majority shareholder of Ferrexpo, a holding company with assets in mining and railway shipment.
The core of the business is iron ore mining and the Ukraine-listed Poltava Iron Ore, which contains nine individual iron ore deposits.
Although Zhevago took a hit during the financial meltdown, his company still controls most of Ukraine’s domestic iron ore supplies together with Metinvest, which belongs to Eastern Europe’s richest man, Rinat Akhmetov.
Ferrexpo posted $525 million in revenue in the first six months of 2010 compared to $310 million for the same period in 2009.
Zhevago is looking to develop a mine on the Yeristovo iron ore deposit at a cost of around $1.5 billion, so he may not make an appearance in parliament any time soon.
He’ll be too busy with his new projects.
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