Tag Archives: Rinat Akhmetov

What’s Next For Forbes’ Billionaires

Forbes’ 2012 World’s Billionaires List is Out and Billionaires Are Talking

Ukraine Econ Upturn As its Billionaires Start to Raise Cash

Ukraine’s youngest billionaire, Kostyantin Zhevago, who almost lost his iron ore producer, Ferrexpo, when markets crashed two years ago, is back raising cash. According to Millenium Capital, Ferrexpo completed its road-show July 16 planning to place Eurobonds worth $500 million. The company plans to ramp up production by 50% over the next five years, and has […]

Ukrainian Billionaire Akhmetov Tries For Another Steel Mill

After recently losing Ukraine’s fourth largest steelmaker, Zaporizhstal, to an unnamed group of Russian investors, Rinat Akhmetov, Ukraine’s wealthiest (with a fortune estimate by Forbes at $5.2 billion) is at it again. Akhmetov’s Metinvest, Ukraine’s largest vertically integrated steel group, is negotiating a merger with Mariupol Ilyich Steelworks, the country’s largest flat rolled steel producer. According to a note […]

Ukraine’s Richest Loses Deal for Coveted Steel Mill

Rinat Akhmetov, Ukraine’s wealthiest man with an estimated $5.2 billion steel and coal fortune according to Forbes, lost his bid for Ukraine’s fourth largest steelmaker, Zaporizhstal, in a surprise twist according to reports from Ukraine. This week a group of undisclosed Russian investors took control of Zaporizhstal for a reported UAH 1.7 billion (about $220 […]

More Billionaires in Eastern Europe, Russia and rest of CIS says Forbes

2009 was a year of recovery for the World’s Billionaires as a whole reports Forbes (for whom I have been freelancing). The wealthiest in Eastern Europe, Russia and the CIS states improved their fortunes as commodities markets recovered and world stock markets rose. Poland, a success story among transition economies, but which had only 1 […]