Vadim Novinsky
Kiev, Ukraine
Bachelor of Arts/Science, Academy of Civil Aviation (Leningrad)
Ukraine
steel, Self Made
$1,000,000,000
2057
#2057 Billionaires 2019
Vadim Novinsky returns to the Forbes billionaires list after a four year hiatus. With partner, Andrei Klyamko, Novinsky owns Ukraine's Smart Holding Group, which has a 24% stake in Rinat Akhmetov's iron ore producer Metinvest.Novinsky started working in Ukraine in the mid-1990s with oil producer Lukoil and began buying Ukrainian metallurgy companies.He united his companies in 2006 into Smart Holding Group and in 2007, he exchanged them for a stake in Akhmetov's Metinvest.
The Russian native got his Ukrainian citizenship in 2012, and became member of parliament in ex-prime minister Yanukovich's Party of Regions.His wife and four children are all Russian citizens and live in St. Petersburg, Russia.
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