Gennady Timchenko’s profile picture

Gennady Timchenko

Gennady Timchenko’s profile picture
Net worth 2018: $16.33 Billion
Industry: Energy
Residence: Geneva, Switzerland
Country: Russia
BirthDay: 9 November 1952
Children: 3
Education: Bachelor of Arts / Science, Leningrad Mechanical Institute
BIOGRAPHY

Gennady Timchenko was bornon 9 November 1952 in Geneva, Switzerland, Russia. Gennady Timchenko is #86 in List Billionaires People In The World. Gennady Timchenko has stakes in various Russian businesses including gas company Novatek, petrochemichal producer Sibur Holding, railway operator Transoil and construction firm STG Group. Considered one of the most powerful people in Russia, he has close ties to President Vladimir Putin and, as a result, faced U. S. sanctions in 2014 in response to Russia's intervention in Crimea and eastern Ukraine. Timchenko sold his 43% stake in Gunvor Group, a leading international energy trader he cofounded, to his business partner Torbjorn Tornqvist in March 2014, a day before he was hit with sanctions."You have to answer for everything. Even for your friendship with the president," Timchenko once told Forbes. He has continued selling his assets since that time. He remains chairman of the Russian national hockey league KHL and is president of the SKA Saint-Petersburg Hockey Club, which won the 2015 Gagarin Cup.

NET WORTH STATISTIC
2010

$1.9 Billion

2011

$5.5 Billion

2012

$9.1 Billion

2013

$14.1 Billion

2014

$15.3 Billion

2015

$10.7 Billion

2016

$11.4 Billion

2017

$16 Billion

2018

$16.33 Billion

TIMELINE
2014

Consequently, Jokerit transferred to the Kontinental Hockey League for the 2014-15 season and they play in the Western Conference in Bobrov division

2013

On 12 October 2013 Timchenko received French title of the Cavalier of Legion of Honour

2012

In July 2012, he replaced Vyacheslav Fetisov as Chairman of the Board of Directors of the Continental Hockey League KHL

2011

In April 2011, Timchenko replaced Alexander Medvedev as Chairman of the Board of Directors of SKA (Saint Petersburg), the St Petersburg-based ice hockey club

2010

In 2010, Gennady and Elena Timchenko created the Ladoga Foundation

2008

In 2008, Gennady and Elena Timchenko founded the Neva Foundation in Geneva, in order to promote and finance cultural projects in Switzerland and Russia

2007

In 2007, Timchenko and the company Surgutex founded the Kluch charitable foundation, which develops professional foster homes in Leningrad, Tambov and Ryazan regions

2004

In 2004, the Helsingin Sanomat wrote that he acquired Finnish citizenship, and that he lived in Geneva at that time

2002

Because of his high taxes, Gennady Timchenko moved to Switzerland in 2002

2000

Through his formerly-owned Finnish company, IPP, he has sponsored an outdoor tennis tournament in Finland since 2000, the IPP Open

1999

His income, according to the Finnish tax authorities, increased tenfold from 1999 to 2001

1998

Timchenko is a member of the Board of Trustees of the Russian Geographical SocietyIn 1998 Timchenko co-founded the Yawara-Neva Judo Club

1997

In 1997, he co-founded the global commodity trading company Gunvor with Swedish businessman Torbjörn Törnqvist

1995

In 1995, Urals Finland Oy was renamed International Petroleum Products Oy (IPP), and Timchenko became first deputy and then CEO of IPP OY

1991

In 1991, Timchenko decided to leave Russia and was hired by a Finland-based company, Urals Finland Oy, specializing in importing Russian oil to Europe

1988

In 1988, when Russia started to liberalize its economy, he was promoted to Deputy Director of state-owned oil company Kirishineftekhimexport, which had been created in 1987 based on the Kirishi refinery, one of the three largest refineries in the RSFSR

1982

From 1982 to 1988 he worked as a senior engineer of the Ministry of Foreign Trade

1977

In 1977, Timchenko started to work as an engineer for the Izhorsky plant near St

1976

In 1976 he graduated from the Mechanical Institute of St

1959

He spent 6 years of his childhood (from 1959-1965) in the German Democratic Republic and learnt German

1952

Gennady Timchenko was born in Leninakan (now Gyumri), Armenian Soviet Socialist Republic (Soviet Union) in 1952

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