Ukraine's leading English-language newspaper since 1995

Net Worth: $118 million

Age: 44

Marital status: Married, two sons

Last year: $414 million

Industry: IT technology, telecommunications

In April, Alexandr Kardakov gathered more than 150 IT directors from Ukrainian firms together on the ship Princess of the Dnipro. For three days, the multimillionaire gave his clients a lesson in how to survive the crisis period and how to develop IT technologies. Kardakov himself hasn’t taken a single payoff in this business for 19 years. As a result he is 41st on the list of the 50 richest Ukrainians. In order to progress upwards on the millinaires’ ladder, in February Kardakov became head of the company that manages his assets, Oktava Capital. He sees one opportunity for growth in the collapse of smaller competitors. “The firms that will go bankrupt are those that only sell hardware and [provided] little service,” says Kardakov, rubbing his hands. “Then the servicing of equipment not delivered by us will fall to us.”