Leonid Baysarov - Coal

Net Worth: $1.66 billion (June 2008)

Age: 60 years old

Marital status: Married, has two sons

Last year: $527 million

Industry: Coal industry, metallurgy, finances, agro-industrial complex

A year ago the assets of Leonid Baysarov were not worth a penny. Now the president of a Mine Krasnoarmeiskaya- Zapadnaya #1 is three times wealthier than in 2007. The Donetsk businessman mines metallurgic coal for the country, without this coal Ukrainian metallurgy will not be possible. The extent of production is the highest in the industry.

Baysarov inherited management of mine Krasnoarmeiskaya- Zapadnaya #1 at the moment of its creation 1990. In 1997 an enterprise began to cooperate with a business concern Energy, where his multimillionaire friends, namely Victor Nusenkis (#7) and Gennady Vasiliev (#17) work now. In 2000 the business concern purchased mine Krasnoarmeiskaya- Zapadnaya #1, and since then, the Energy concern provides nation with coal, gives Baysarov a heartfelt rest and a fairy-tale prosperity.


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