Kostyantyn Zhevago - Not Dead Yet
Net Worth: $919 million
Age: 35
Marital status: Married, one son and one daughter
Last year: $5.2 billion
Industry: Metallurgy, finance
Konstantin Zhevago is no longer a billionaire. This unpleasant situation was brought about by the financial crisis, which saw the Poltava businessman’s shares dropping by at least 80 percent in value. But the millionaire is not giving up and is looking for new ways to become a billionaire. His holding company AvtoKrAZ, producer of heavy-duty dump trucks, agreed to deliver 150 vehicles to Uzbekistan by the end of 2009. In the current climate, that’s not a bad order. Zhevago is also planning to invest $1 million in geological exploration at mines owned by his ore mining and processing works in Poltava. It’s not a large sum, but this isn’t 2008, when his shares rocketed in value to over $5 billion. At that point he had plenty of funds available, as well as a bank – Finance and Credit Bank – that was developing dynamically and had been Zhevago’s first step in big business. Who would have thought that after such good times the businessman would be left standing with a hand held out to the Cabinet of Ministers wondering, “Will the government ask about recapitalization or not?”
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