With partner and fellow Billionaire, Andrei Klyamko Novinsky owns Ukraine's Smart Holding Group. In 2006 they united their Ukrainian metallurgy companies into Smart Holding Group. In 2007 they exchanged them for a stake in Metinvest. Smart Holding Group has a 23.75% stake in iron ore Producer Metinvest. Smart Holding also owns large assets in the oil and gas sector, shipbuilding, development, agriculture and its controlling Unex Bank and BM Bank. Its revenues in 2011 stood at $14.2 billion.