What is Gennady Timchenko’s net worth?

Who is Gennady TImchenko? What is his Profession and Nationality?

Russian oligarch and multibillionaire businessman Gennady Timchenko.

The private investment firm Volga Group, which specializes in energy, transportation, and infrastructure assets, was formed and is owned by Timchenko. He had previously shared ownership of Gunvor Group.

Timchenko is well-known for holding the positions of President of the SKA Saint Petersburg ice hockey team and Chairman of the Board of Directors of the Kontinental Hockey League. He has dual citizenship with Finland, Russia, and Armenia.

Gennady Timchenko’s net worth is projected to be around $14 billion as of November 2022.

Early Years

In Leninakan, Gennady Nikolayevich Timchenko was born on November 9th, 1952.

During the Second World War, his father served in the Soviet military and fought with Russian forces.

He earned his electrical engineering degree from the Mechanical Institute of Saint Petersburg, which was then known as Leningrad, in 1976, according to a 2008 Wall Street Journal interview. Elena, his wife, and their three kids together. He has been residing in Moscow, Russia, since 2014, while his family is based in Switzerland.

Career of Gennady Timchenko

Timchenko began working as an engineer for the Izhorsky factory, a power generator manufacturer close to Saint Petersburg, in 1977.

He was elevated to Deputy Director of the state-owned oil corporation Kirishineftekhimexport in 1988, as Russia began to liberalize its economy. Kirishineftekhimexport was founded in 1987 on the foundation of the Kirishi refinery, one of the three biggest refineries in the RSFSR.

Timchenko made the decision to emigrate from Russia, and in 1991 he was hired by Urals Finland Oy, a firm established in Finland that specialized in bringing Russian oil into Europe.

Together with Swedish entrepreneur Torbjörn Törnqvist, he co-founded Gunvor, a worldwide commodity trading firm, in 1997. A day prior to the US penalties in March 2014, he sold Törnqvist his interest. Timchenko established the private investment fund known as the Volga Group (Volga Resources Group) in 2007.

Timchenko was added to the Specially Designated Nationals List, a list of people sanctioned as “members of the Russian leadership’s inner circle,” by the U.S. Treasury in March 2014, following the Crimean status vote.

He sold a 49% stake in the Finnish business IPP Oy that same year. It constituted a little portion of the Volga Group’s holdings. International sanctions were imposed on Timchenko following the 2014 Crimean crisis in April 2014.

Gennady Timchenko’s net worth is projected to be around $14 billion as of November 2022.

Career and Business Highlights of Gennady Timchenko

The following are a few of Gennady Timchenko’s career high points:

• Kirishineeftekhimexport (1988)
• Co-founded Gunvor (1997)
• Founded Volga Group (2007)

Favorite Gennady Timchenko Quotes

“Western media present events in Russia in a thoroughly negative light. Yes, we have problems, and these need to be covered. But the fact remains that there is a propaganda campaign being waged against Russia. And this is disturbing.” – Gennady Timchenko

“I have never concealed my dual citizenship. People involved in state business should probably declare their dual citizenship if they have it.” – Gennady Timchenko

“China is an area where we need to be present. Lots of companies want to supply their products to China.” – Gennady Timchenko

“I was born in Armenia, in the city of Leninakan. My father was in the military. He was transferred from place to place because of military service. When I was 6, we moved to East Germany.” – Gennady Timchenko

“I spent there another six to seven years. Then we moved to Ukraine. In 1970 I started studying at the Mechanical Institute (in Leningrad). I finished in 1977. I studied to be an electro-mechanical engineer. After that, I got a job at the Izhorsk plant, near St. Petersburg.” – Gennady Timchenko 

Gennady Timchenko’s Three Valuable Lessons

Let’s look at some of the things we can learn from Gennady Timchenko now that you are fully aware of his success and net worth:

1. Believe in Yourself

The majority of the time, people are making an effort to win your favor. Think positively and extend a lot of grace.

2. Put people before processes

In addition to developing their followers, strong leaders seek to inspire them. Good leaders put their followers first.

3. Take Your Team’s Advice

Develop the mindset that the best solution is usually in the hands of someone else. Learn to pose pointed inquiries and pay attention to the responses.

Questions and Answers

How much is Gennady Timchenko worth?

Gennady Timchenko is thought to be worth $14 billion.

How old is Gennady Timchenko?

Gennady Timchenko, who is currently 69 years old, was born on November 9, 1952.

How tall is Gennady Timchenko?

The height of Gennady Timchenko is 1.83 m, or 6 ft 0 in.

Summary

Businessman Gennady Timchenko took the helm of state-owned oil corporation Kirshineftekhimexport in the late 1980s. He grew to be a significant shareholder once the business went private.

He has significant ownership interests in a number of businesses, notably the Russian Sea Group, Sibur Holding, and Gunvor Group.

Gennady Timchenko’s net worth is projected to be around $14 billion as of November 2022.