Oleksandr Yaroslavsky - Kharkiv’s Construction Foreman
Net Worth: $620 million
Age: 49
Marital status: Married, one son
Last year: $2.6 billion
Industry: Construction, chemicals, finance
In last year’s ratings, Korrespondent named Oleksandr Yaroslavsky Ukraine’s foreman for his activity in the construction sector. But when the global financial crisis struck Ukraine in November 2008, the president of DCN financial and industrial holding had to wind up the majority of his development projects on the outskirts of Kharkiv. But Yaroslavsky isn’t sitting twiddling his thumbs. He’s preparing the city to host soccer’s European Championship – reconstructing Metallist’s stadium, the airport, repairing roads and developing the hotel business. The volume of investment is around Hr 1 billion, but after a visit by UEFA delegates in May, the estimated cost of constructing the stadium has gone up by at least Hr 200 million. Yaroslavsky is asking the government to increase the state’s participation in the project. When the world and Ukrainian market comes back to life, the businessman will return to his frozen projects. The part of the economy he has his heart set on is the Odessa Portside Plant. “I have always wanted to buy this enterprise,” he told Kommersant in an interview. “And if the privatization goes ahead, I will certainly take part.”
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