Net Worth: $1.7 billion

Age: 48

Marital status: Married, three children

Last year: $6.2 billion

Industry: Ferroalloys, petrochemicals, food industry, finance

In February 2009, Gennady Bogolyubov bought a 3 percent share of Ferrexpo, which operates the Poltava ore mining and processing works and is under the control of Kostyantyn Zhevago. Given that Bogolyubov’s business partner Igor Kolomoisky bought a 7 percent share in the same company in September 2008, it became clear that the Privat financial and industrial group was making its next move on the tastiest ore mining shares in the country. It isn’t a controlling stake, but it proved sufficient to raise the question of representatives of Privat taking a seat on the board of directors. The question of including the owner of Privat on the board of directors was considered at Ferrexpo’s shareholders’ meeting in London in June, but 88.5 percent of votes decided against electing their representatives to the board of directors. The company admits that minority shareholders have the right to call a meeting three times on questions of interest to them. And Bogolyubov can only be interested in one thing in any business – control of the company. Why should Ferrexpo be an exception? Ferrexpo’s director of business development Gavin McKay says that he views Bogolyubov’s actions as hostile, as he doesn’t understand the end goal of the billionaire shareholder. A conflict is brewing between neighbors on the list of Richest Ukrainians.