Akhmetov is the owner of closely held System Capital Management. Most of SCM's assets are concentrated in Ukrainian metallurgy, mining and energy, including a 71 percent stake in Ukraine's largest steel manufacturer. The company also owns interests in commercial real estate, land, telecommunications and financial operations.
The world’s 300 wealthiest people lost a combined $44.4 billion yesterday as global stocks tumbled the most in a month and the ruble dropped to an all-time low amid Russia’s growing military presence in Ukraine.
An offer from Ukrainian President Viktor Yanukovych to include opposition politicians in the government failed to defuse nine weeks of unrest as leaders of a spreading protest movement refused to compromise.
Riots flared up again in Ukraine’s capital as the interior minister said peaceful efforts to end the two-month-old unrest were useless and the opposition reported another death before heading into new talks.
Ukraine’s political crisis deepened over the weekend as President Viktor Yanukovych’s offer to share power with the opposition failed to end anti-government unrest, raising the stakes for a special parliament session tomorrow.
Ukrainian billionaire Rinat Akhmetov’s steelmaker Metinvest appointed Serhiy Melnyk to replace Pavlo Moiseenko as director of the Sukhodilska-Skhidna coal mine, where an explosion killed 27 workers last month.
Before Ukrainian President Viktor Yanukovych signed a deal to bail out our country’s economy this week, there was excitement among Western officials and analysts about the way some businessmen who have bankrolled the president’s rise to power appeared to be distancing themselves from him.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.