Vladimir Zagory - Dr. Dolittle
Net Worth: $141 million
Age: 58
Marital status: -
Last year: -
Industry: Pharmaceuticals
The sale of pharmaceutical company Darnitsa brought Zagory $100 million. That was at the end of 2007, just after the company had beaten off raiders. The securities belonged to the Danish company Nord Star Pharmashare (NSP) which then controlled a 86percent stake in Ukraine’s largest medicine producer. But NSP just held the registration. The owner of the holding was the 58-year-old Ukrainian Zagory, the general director of Darnitsa. As a result of the deal, Igor Mazepa, the head of investment company Concorde Capital, estimated that Darnitsa’s capitalization had reached $560 million. “Capitalization could reach $1 billion,” he said. Without the crisis, this forecast could have come true this year. The company increased its profits by 80 percent to above the Hr 400 million mark. But the strengthening of foreign currency, needed to buy 90 percent of the ingredients for the domestic pharmaceutical industry, the fall in buying power, the long battle with raiders and the toughening of state controls on medicines have pushed back Zagory’s plans to reach $1 billion for better times.
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