Sergei Tsikalyuk’s profile picture

Sergei Tsikalyuk

Sergei Tsikalyuk’s profile picture
Net worth 2018: $1 Billion
Industry: Finance
Country: Russia
Children: 2
Education: Bachelor of Arts / Science, Plekhanov Russian Academy
BIOGRAPHY

Sergei Tsikalyuk was born in Russia. Sergei Tsikalyuk is the largest shareholder in VSK, one of Russia's biggest commercial insurers. In 2011 he sold a 25% stake to RESO-Garantiya, the insurance company owned by billionaire brothers Nikolai and Sergei Sarkisov, for $250 million. As part of the deal, Tsikalyuk got a $100 million loan from RESO. But in 2013 the RESO deal was cancelled and Tsikalyuk borrowed from Sberbank to repay his debt to RESO. He graduated from Military College and Military Academy and served 16 years in the Army, retiring in 1992 with the rank of colonel. That same year he founded Military Insurance Company (VSK), which initially provided health and life insurance for army personnel. In 2002, AIG announced an interest in buying VSK, but the army was against the deal. Tsikalyuk then broadened his company into a general insurance firm. Today half its portfolio comes from car insurance.

NET WORTH STATISTIC
2012

$1 Billion

2013

$1 Billion

2014

$1 Billion

2018

$1 Billion

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