Yuri Kovalchuk
St. Petersburg, Russia
Doctorate, St Petersburg State University
Russia
banking, insurance, media, Self Made
$1,400,000,000
1717
#1717 Billionaires 2019
Yuri Kovalchuk is friends with Russia's president Vladimir Putin; they met when Putin was deputy mayor of St. Petersburg. They both had country houses in the Ozero dacha cooperative, and when Putin became president, many of the cooperative's members' careers improved.Kovalchuck is now the largest shareholder of Rossiya Bank and has a large stake in Sogaz insurance company.Kovalchuck also owns a stake in the fourth largest mobile operator in Russia, Tele2.
After US sanctions against Kovalchuk's Rossiya Bank, Vladimir Putin moved his payroll account to the bank. Kovalchuk's son Boris is CEO of InterRAO, a large state-owned energy company in Russia.
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