Volodymyr Boiko - Wheeling and Dealing
Net Worth: $606 million
Age: 70
Marital status: Married, one daughter
Last year: $3.2 billion
Industry: Metallurgy, agriculture
At the end of April 2009, the owners of the Illich Steel and Iron Works in Mariupol (Illich MMK) reorganized their business. The shares in the Kondratovsky refractory plant, the Komsomolskoe mine group, Umanfermmash, the Illichevskoe insurance company, the Fairy clothes factory and the agricultural section were transferred to the Works’ largest company, Illich-Steel. According to the plans of Volodymyr Boiko, the Works’ general director and main owner, Illich-Steel should turn into a fully-fledged management company. This step will lead to an increase in its capitalization. There will be plenty of parties interested in Boiko’s shares, such as Rinat Akhmetov. Oleh Popov, general director of System Capital Management, said in a May interview with Investgazeta that he was interested in obtaining Illich MMK, and the ball was in Boiko’s court. “Rumors that [Boiko] is in talks on selling the Works keep appearing,” he said. “It seems there were talks with some Russians, and with global steelworks. But I’ll say again: no one has offered us anything yet.”