Vadim Novinsky Net Worth

Vadim Novinsky, born in Ukraine on June 03, 1963, is a Russian native who became a Ukrainian citizen in 2012 and a member of parliament in the pro-Yanukovich Party of Regions. He is the billionaire partner of Andrei Klyamko and together they own Ukraine's Smart Holding Group, which has a 24% stake in fellow Ukrainian billionaire Rinat Akhmetov's iron ore producer Metinvest. Novinsky began working in Ukraine in the mid-1990s with oil producer Lukoil and in 2006 united several metallurgy companies into Smart Holding Group, exchanging them in 2007 for a stake in Akhmetov's Metinvest. Unfortunately, the company has been hit by declining demand for its steel products.
Vadim Novinsky is a member of Metals & Mining

Age, Biography and Wiki

Birth Day June 03, 1963
Birth Place Ukraine
Age 60 YEARS OLD
Birth Sign Cancer
Native name Vadim Malkhasyan
Residence Ukraine
Citizenship Russia Ukraine

💰 Net worth: $1.4 Billion (2024)

Vadim Novinsky, a prominent figure in the field of metals and mining in Ukraine, is expected to have a net worth of approximately $1.4 billion by 2024. Novinsky, a successful businessman, has made significant contributions to the growth and development of the metals and mining industry in the country. Through his expertise and strategic investments, he has established himself as a key player in the sector, which has undoubtedly contributed to his substantial net worth. Novinsky's achievements and lucrative ventures in metals and mining have not only paved the way for his personal financial success but have also played a crucial role in the economic progress of Ukraine.

2011 $2.7 Billion
2012 $1.9 Billion
2013 $1.9 Billion
2014 $1.5 Billion
2018 $1.04 Billion

Biography/Timeline

1963

Novinsky was born 3 June 1963 in Staraya Russa (then USSR, now Russia). In 1985, he graduated from the Leningrad Academy of Civil Aviation in engineering management systems.

1985

From 1985 till 1986 he worked for various companies in Russia. Novinsky worked in Ukraine since 1996 starting with Lukoil North West and then buying Ukrainian metallurgy companies.

2006

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.

2012

The general public better known him as a Russian oligarch, who made his major fortune in the "dashing 90-e" on privatization of many Ukrainian enterprises. He received Ukrainian passport in 2012 from the hands of the fugitive President Viktor Yanukovich for "the services rendered to Ukraine”. In February 2014 a video appeared Ukrainian in which President Petro Poroshenko called Novinsky "an Orthodox slut. He supports Russian interests in Ukraine in particular the Ukrainian branch of the Russian Orthodox Church - often considered a Russian "Fifth Column" in Ukraine. He is on record as involved in semi-criminal or outright Criminal activities

2013

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 53.41% with a turnout of 23.91%. Before the election Novinsky had stated he would join the Party of Regions if he won. He did so on 5 September 2013. After the (controversial) March 2014 annexation of Crimea by Russia Novinsky was banned from entering the peninsula by the Russian-appointed Crimean authorities.

2014

In the October 2014 Ukrainian parliamentary election Novinsky was again re-elected into parliament; this time after placing 11th on the electoral list of Opposition Bloc.

2016

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). On 8 December 2016 parliament deprived Novinsky of his parliamentary immunity.