Yuriy Kosiuk’s profile picture

Yuriy Kosiuk

Yuriy Kosiuk’s profile picture
Net worth 2018: $1.54 Billion
Residence: Kiev, Ukraine
Country: Ukraine
BirthDay: 1968
Children: 1
Education: Bachelor of Science in Engineering, Kiev Food Industry Institute
BIOGRAPHY

Yuriy Kosiuk was bornon 1968 in Kiev, Ukraine, Ukraine. Yuriy Kosiuk is #1487 in List Billionaires People In The World. Yuriy Kosiuk heads MHP, the Ukraine's biggest producer of poultry. He studied food process engineering at Kiev Food Industry Institute. He got his start importing furniture and Turkmenistan gas. He then began trading grain after the Soviet Union's collapse and eventually moved into poultry. He took MHP, the precursor of which he founded in 1998 with 10 employees, public in 2008. Kosiuk pays himself handsomely through dividends and has used the cash to buy himself airplanes, a helicopter, a yacht and several cars including a Lamborghini.

NET WORTH STATISTIC
2011

$1.5 Billion

2012

$1.3 Billion

2013

$1.6 Billion

2014

$1.5 Billion

2015

$1.1 Billion

2016

$1 Billion

2017

$1.2 Billion

2018

$1.54 Billion

TIMELINE
Yuriy Kosiuk (born on 27 May 1968, Katerynopil, Cherkasy oblast) is a Ukrainian billionaire, CEO of the country's largest agricultural company MHP, Chairman of the Board of PJSC Myronivsky Hliboproduct. Hero of Ukraine (2008).Born in Katerynopil, Cherkasy oblast. His mother, Galyna Yukhymivna Kosyuk, still lives there. His father, Anatolii Kosyuk, is buried there. He finished high school with honors (gold medal). Winner of All-Ukrainian Student's Olympiad on Chemistry.In 1985, he entered Kyiv Technological Institute of Food Industry. In 1992, Kosiuk graduated in meat and milk production process engineering from the Kiev Food Industry Institute under the specialty "Technology of meat and meat products". In 1989, as a 4-year student, he attended training for brokers.In 1991, Yuriy Kosyuk became a broker at Kyiv Commodity Exchange. In the following year — one of the founders of JV "LKB". The company was engaged in import of metal, grain, gas. He invested his first earned $100 thousand in his own business — a meat processing workshop in Cherkasy oblast. The company quickly went bankrupt, however, and had to be sold almost for nothing. It was Yuriy Kosyuk's first failure in business. In 1995, he became the President of CJSC Scientific-Technical Business Centre for Food Industry. In 1998, he founded and headed CJSC Myronivsky Hliboproduct. In 2002, the trademark "Nasha Ryaba" entered the market.In July 2014, he resigned from the post of the Chairman of the Board of MHP due to the appointment to the post of first Deputy Head of the Presidential Administration of Ukraine.On the appointment of Kosyuk, the President of Ukraine Petro Poroshenko announced on 2 July 2014 at a meeting with the leaders of Deputy factions and groups of the Verkhovna Rada of Ukraine. In this position, he was in charge of acquisition, technology, and logistics of security agencies. On 8 December 2014, the President Petro Poroshenko dismissed Yuriy Kosyuk from the post of the Deputy Head of the Presidential Administration by Decree No. 924. However, by Decree No. 925 of the same date, Kosyuk was appointed an Adviser to the President. Thereafter, he was newly elected the Chairman of the Board of MHP.In 2008, Mironivsky Hliboproduct was the first Ukrainian agro-industrial enterprise that was listed on the London stock exchange.During the crisis in 2008, the businessman managed to increase production capacity by 30%, the same growth was observed in 2009. In 2010, Yuriy Kosyuk, the major shareholder of MHP, sold approximately 10% of the shares of the company. At this time, about 65% of the company's shares were in his possession, the remaining 35% were in float on the main market of the London stock exchange. By 2011, the company's capitalization was about $ 2 billion.In the ranking of the richest people of Ukraine, according to Forbes Ukraine, Kosyuk consistently falls within the top 10, and in 2015-2016 — within the top 5.As of March 2016, Forbes estimated his net worth at US$1.12 billion. In April 2016 the magazine Focus estimated his wealth at $769 million.The title of Hero of Ukraine with presentation of State order (20 August 2008) — for outstanding personal merits before the Ukrainian state in the development of agricultural sector, implementation of modern highly efficient technologies in the production and processing of agricultural products. Married. He and his wife Olena have a son Ivan (born in 2000).Olena Kosyuk works in MHP. She is the Director of the Department of Technology, Quality and Safety of Food Products.Ivan studies in Columbia University (NY, USA).In my childhood, I wanted to become a soldier, later — the Director of the slaughterhouse. Most of the time he spends at work.He derives his ideas from books. His most favorite books are "The Ascent of Money" by Niall Ferguson, "The Art of War" by Sun Tzu (Thomas Cleary edition). He takes exercises five days a week.In 2009, he began the construction of a luxurious estate with a palace in the village of Khotiv, in the territory of Khotiv settlement of Scythian time. This and some other parts of the settlement had been previously taken out of the territory of a monument of archeology. The construction destroyed the northern part of the settlement (one of the richest in remnants of ancient buildings and surrounded by the highest part of the defensive rampart), as well as the surrounding landscape. According to Kosyuk himself, "what is built is built in the deep and has nothing to do with the settlement".
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