Expands Down Under
Wealth: $6.2 billion
Wealth last year: $3.35 billion
Field of Activity: Ferroalloys, finances, food industry, oil products
Gennadiy Bogolyubov sacrificed a lot last year to acquire Consolidated Minerals Ltd, the largest Australian company in the manganese ore mining industry. First of all, the transaction cost him $1.2 billion. Secondly, the terms of the tender demanded a high degree of disclosure. So the Ukrainian businessman simply had to disclose a lot of information about his assets to the public. When Bogolyubov slightly opened the chest with the treasures he had gathered in previous years, it turned out that he was a multibillionaire on a global scale.
Bogolyubov controls two mining companies in South Africa, through his offshore company, Palmary Enterprises Ltd; he owns stakes in ferroalloy factories in New Haven, Connecticut in the United States; in Zaporizhzhya and Alchevsk. His list of properties is long. Apart from metallurgical assets, there are oil companies, chemical plants, and food and construction industry enterprises. The list is crowned by Privatbank, the largest financial institution in Ukraine that also operates abroad.
At the end of May another notable event occurred in the career of Bogolyubov. Evraz Group, the leading Russian metallurgical and mining company, admitted the Dnipropetrovsk multibillionaire to its board of directors. That puts him in close proximity to one of Russia’s richest men, Roman Abramovich, a top shareholder in the concern.
