You're reading: #4 Richest: Viktor Nusenkis, 56

$2.959 billion Married with one son Interests: coal mining, metallurgy

In 2004, Donetsk-based investigative website Ostrov called Viktor Nusenkis one of the “founding fathers” of the Donetsk financial-industrial group, along with Oleksandr Astrakhan and current members of parliament Yuhym Zvyahilsky, Valentyn Landyk.

Nusenkis has amassed a fortune as the owner of Donetsk Steel Metallurgical Works, and through investments in metallurgy and coal mines in Ukraine, Russia and the Czech Republic.

He reportedly has expanded into agriculture, going into the grain business, and animal husbandry, rearing sheep, horses and poultry.

Nusenkis, Zvyahilskyy and Astrakhan allegedly took control of coal production in Donbas in the early 1990s.

Assessors have always had a tough time finding out what assets he has and their value because of his low-profile.

Korrespondent magazine recently reported that he bought his partner’s share of Donetskstal Industry Group several years ago.

It also emerged that another alleged shareholder in Donetskstal, Leonid Baysarov, was just a hired manager, so analysts bumped up Nusenkis’s net worth.

In Ukraine’s closed insider economy, we’ll never know the true extent of his wealth. We’re also uncertain where he lives now – in Russia or Ukraine.