Gennady Nikolayevich Timchenko is a well-known billionaire businessman and oligarch from Russia. He is the owner of Volga Group, a private investment firm with stakes in energy, transportation, and infrastructure. Volga Group was founded by him. Timchenko is likewise known for his nearby connections to Russian President Vladimir Putin. He is a citizen of Armenia, Finland, and Russia. Before entering the oil-trading industry in the 1980s, he worked as an engineer for the first time.

He was one of Russia’s wealthiest individuals when he co-founded the oil trading company Gunvor in 2000 and became its largest shareholder. In 2014, because of Western authorizations forced on Russia following the addition of Crimea, Timchenko sold his portion in Gunvor and zeroed in on fostering his trading company, Volga Gathering. Aside from his business attempts, Timchenko is additionally known for his altruistic exercises. He laid out the Timchenko Establishment in 2010, which centres around supporting social, instructive, and sports drives in Russia.

Gennady Timchenko Career

On November 9, 1952, Gennady Timchenko, a billionaire businessman from Russia, was born in Leninakan, Armenian Soviet Socialist Republic, Soviet Union. His father was an officer in the Soviet military who served with the Russian army. In 1977, Timchenko began functioning as an architect for the Izhorsky plant close to Holy Person Petersburg, which had some expertise in building power generators. Later, he worked in the same state-owned company’s trade department. He was a senior engineer at the Ministry of Foreign Trade from 1982 to 1988.

Timchenko later got involved in the oil industry and ran a state-owned oil exporting company. When that company was later privatised, he became one of its biggest shareholders. He is currently in a number of important positions, including Chairman of the Kontinental Hockey League LLC and founder of Ena Invest LLC. He also founded Volga Group, Gunvor Cyprus Holding Ltd., Transoil LLC, and Ena Invest LLC.

Gennady Timchenko Facts

Timchenko likes to play and watch tennis. Through his previously claimed Finnish organisation, IPP, he has supported an outside tennis competition in Finland beginning around 2000, the IPP Open.

Unconfirmed reports claim that he sponsored a number of Russian tennis players and provided funding for the Finnish Davis Cup team.

His sponsorship of a sailing team that competes in the international RC44 yachting competition has been mentioned in the media.

Gennady Timchenko Net Worth

According to the billionaire list the net worth of Gennady Timchenko is estimated at around $20.8 billion, depending on the source and date of estimation. He is a prominent Russian businessman with a history in the oil and gas industry.

Personal Information

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