Vadim Novinsky’s profile picture

Vadim Novinsky

Vadim Novinsky’s profile picture
Net worth 2018: $1.04 Billion
Industry: Metals & Mining
Country: Ukraine
BirthDay: 3 June 1963
Sigh: Cancer
Children: 3
Education: Bachelor of Arts / Science, Academy of Civil Aviation (Leningrad)
BIOGRAPHY

Vadim Novinsky was bornon 3 June 1963 in Ukraine. Vadim Novinsky, with billionaire partner, Andrei Klyamko, owns Ukraine's Smart Holding Group, which has a 24% stake in fellow Ukrainian billionaire Rinat Akhmetov's iron ore producer Metinvest; the company has been hit by declining demand for its steel products. The Russian native got his Ukrainian citizenship in 2012, and became member of parliament in the now unpopular pro-Yanukovich Party of Regions. Novinsky started working in Ukraine in the mid-1990s with oil producer Lukoil and began buying Ukrainian metallurgy companies, uniting them in 2006 into Smart Holding Group; in 2007, he exchanged them for a stake in Akhmetov's Metinvest.

NET WORTH STATISTIC
2011

$2.7 Billion

2012

$1.9 Billion

2013

$1.9 Billion

2014

$1.5 Billion

2018

$1.04 Billion

TIMELINE
2016

On 8 December 2016 parliament deprived Novinsky of his parliamentary immunity

2014

Since May 2014 Novinsky is under criminal investigation for "unlawful imprisonment or kidnapping by a conspiracy" and "abuse of power or authority" for allegedly helping President Yanukovych in 2013 to take control of the Ukrainian Orthodox Church (Moscow Patriarchate) (by trying to get loyalists appointed)

2013

He is on record as involved in semi-criminal or outright criminal activities As an independent Novinsky won the 7 July 2013 by-election in constituency 224 in Sevastopol (located in the southwestern region of the Crimean Peninsula) with 53

2012

He received Ukrainian passport in 2012 from the hands of the fugitive President Viktor Yanukovich for "the services rendered to Ukraine”

2007

In 2007 they exchanged them for a stake in Metinvest

2006

In 2006 they united their Ukrainian metallurgy companies into Smart Holding Group

1996

Novinsky worked in Ukraine since 1996 starting with Lukoil North West and then buying Ukrainian metallurgy companies

1985

From 1985 till 1986 he worked for various companies in Russia

1963

Novinsky was born 3 June 1963 in Staraya Russa (then USSR, now Russia)

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