KyivPost

Rich Man In A Poor Country

Print version
Dec. 17, 2010, 3:29 a.m. | Ukraine — by Mark Rachkevych

With a fortune approaching $24 billion, Donetsk industrial titan Rinat Akhmetov has pulled away from the pack in Dragon Capital investment bank’s latest rankings of the nation’s 50 richest Ukrainians. The elite list, meanwhile, keeps pulling away from the rest of Ukraine’s 46 million citizens, about one-third of whom are economically destitute and desperate. Many see the wealth disparities as unhealthy for the nation’s future, especially since many of these fortunes came from acquiring Soviet assets rather than creating new wealth.

Mark Rachkevych

Mark has been a reporter for the Kyiv Post since 2006, but joined full-time in 2009. A native Chicagoan where he was the co-founder of the now defunct Glasshouse Magazine, Mark currently is an editor of business news and still contributes stories on an ongoing basis. He is a former U.S. Peace Corps volunteer, a graduate of St. Norbert College in Wisconsin, and fluent in the Ukrainian and Russian languages.

Nation’s 50 richest have banner year.
Announcement To Readers

Since 1995, the Kyiv Post has been the world's window on Ukraine. Please support the newspaper’s quality, independent journalism with a digital subscription. Subscribers receive unlimited access to all stories, archives and PDFs from the Kyiv Post's staff writers and news services.
More info.

12 months
1 month
$50.00Pay $20.00Pay
comments powered by Disqus

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.