You're reading: #7 Richest: Oleksiy Martynov, 44

$2.077 billion Married with one daughter Interests: ferroalloys, banking, oil products

Oleksiy Martynov is one of the main partners of the Dnipropetrovsk-based Privat diversified business group along with billionaires Ihor Kolomoisky and Gennady Bogolyubov.

Unlike them, Martynov has remained based in his native Dnipropetrovsk. He is reportedly not eager to relocate, either to Kyiv or abroad.

Martynov owns a Solm, a part of Privat group, and owns two mining companies located in Marhanets and Ordzhonikidze, Dnipropetrovsk Oblast, which specialize in the extraction of manganese ore, which has important industrial metal alloy uses in the production of stainless steels.

Demand for the ore increased this year after a drop in 2009 and the enterprises are expected to return handsome profits in 2010.

Martynov graduated from Dnipropetrovsk State University 1989 with a degree in electrical engineering.