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Alexander Ponomarenko

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Alexander Ponomarenko
Александр Пономаренко
Born
Alexander Anatolyevich Ponomarenko

27 October 1964
Bilohirsk, Soviet Union (now Ukraine)
CitizenshipRussian and Cypriot
EducationSimferopol State University
Russian State Academy of Management
OccupationBusinessman
Children3

Alexander Anatolyevich Ponomarenko (Russian: Александр Анатольевич Пономаре́нко; born 27 October 1964) is a Russian-Cypriot billionaire businessman who made his fortune in banking, sea ports, commercial real estate and airport construction.

Early life

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Alexander Ponomarenko was born 27 October 1964 in Crimea, Belogorsk City, Soviet Ukraine. He earned a bachelor's degree from Simferopol State University, followed by a master's from Russian State Academy of Management.[1]

From 1983 to 1985, Ponomarenko served in airborne divisions of the armed forces.[2] By the end of the 1980s, he was the junior boxing champion of Ukraine.[3]

Career

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Ponomarenko has worked for much of his career with fellow billionaire Aleksandr Skorobogatko. In the late 1980s, the duo founded an enterprise in the Crimea that specialised in perfume products and building materials.[citation needed]

The two later moved to Moscow and founded the Russian General Bank in 1996. In 2006, according to Vedomosti, the bank was sold to Hungarian OTP Bank for $477 million.[4]

Following the financial crisis in 1998, they started buying up shares in cargo companies that eventually combined to form Novorossiysk Commercial Sea Port (NCSP), which became the largest seaport in Russia.[citation needed]

In 2004, Ponomarenko was appointed the Chairman of NCSP. In 2007, NCSP had its initial public offering, listing 19.3% of total equity on the London Stock Exchange for US$955 million. At the beginning of 2011, the majority stake of NCSP was sold to Summa Capital and Transneft for US$2.5 billion.[5]

The trust acting in the interests of the families of Ponomarenko and Skorobogatko invested a significant part of the funds from the sale of NCSP to form the TPS Real Estate company to invest in the construction and operation of shopping and entertainment complexes. In 2013, the above trust acting in the interests of the families of Ponomarenko and Skorobogatko established TPS Avia Holding to invest in infrastructure development at Moscow's Sheremetyevo International Airport. In 2013, the company won a bid to develop a new cargo terminal at the airport.[6] Ponomarenko joined the Board of Directors of JSC Sheremetyevo International Airport in 2015 and was elected its Chairman in 2016.[7]

In 2016, TPS Avia secured 68% stake in Sheremetyevo Airport and committed to investing US$840 million to upgrade and expand the airport's infrastructure.[8]

In September 2021, Alexander Ponomarenko for the third time in a row was named to Kommersant’s list of the top business leaders in Russia. He is among 47 business leaders within a list of the country’s top 1,000 managers chosen by a committee of experts from the Russian Managers Association.[9] Ponomarenko previously made the list in 2019.[10] He ranked 31st on the Forbes list of "200 Richest Businessmen in Russia" in 2020.[11]

Sanctions

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Sanctioned by the UK government in 2022 in relation to Russo-Ukrainian War. [12]

On 28 February 2022, in relation to the 2022 Russian invasion of Ukraine, the European Union blacklisted Ponomarenko and had all his assets frozen.[13][14]

Net worth

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In August 2022, Forbes estimated Ponomarenko's net worth at $3.3 billion.[1]

Personal life

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Ponomarenko is married, with three children and lives in Moscow.[1]

In 2011, Ponomarenko purchased a "palace allegedly constructed for the private benefit of Russian president Vladimir Putin", now known as Putin's Palace.[15] At the time of the purchase, Ponomarenko indicated that he had purchased the palace as an investment and planned to finish building the palace as a hotel complex.[16][17][18] He said he bought it for a low price because of the scandal surrounding it and that the value of the complex could rise to as much as $350 million when the project was complete.[19] Ponomarenko's media representatives told Forbes in 2021 that Ponomarenko had withdrawn from the project in 2016.[20]

In 2017, it was reported in The Guardian that Ponomarenko had acquired Cypriot citizenship in 2016 through a "golden visa" scheme.[15]

References

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  1. ^ a b c "Forbes profile: Alexander Ponomarenko". Forbes. Retrieved 31 January 2021.
  2. ^ "Alexander Ponomarenko Profile". TPS Group. Retrieved 27 February 2018.
  3. ^ "Кто и зачем купил "дачу Путина"?". sobesednik.ru. Retrieved 27 February 2018.
  4. ^ "Как устроен бизнес покупателя "дворца Путина" в Геленджике и его партнера". Vedomosti. Retrieved 27 February 2018.
  5. ^ "Novorossiysk Commercial Sea Port announces pricing of US$19.20 per GDR". investigate.co.uk. Retrieved 27 February 2018.
  6. ^ "M&A: TPS Avia Holding acquired Interport's assets". akm.ru. Retrieved 27 February 2018.
  7. ^ "We're thinking about selling 10% of Sheremetyevo stock". svo.aero. Retrieved 27 February 2018.
  8. ^ "Investors express interest in Moscow's stake in Aeroflot". CH Aviation. Retrieved 27 February 2018.
  9. ^ "Управленческий карантин". www.kommersant.ru. September 27, 2021.
  10. ^ "Управленческий карантин". 27 September 2021.
  11. ^ "200 богатейших бизнесменов России — 2020". Forbes.
  12. ^ "CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK" (PDF). Retrieved 16 April 2023.
  13. ^ Valentina Pop; Sam Fleming; Max Seddon (28 February 2022). "EU freezes assets of Russia's leading oligarchs and allies of Putin". The Financial Times.
  14. ^ "Financial Sanctions Notice" (PDF). Retrieved 2023-09-15.
  15. ^ a b Pegg, David (17 September 2017). "The billionaires investing in Cyprus in exchange for EU passports". the Guardian. Retrieved 8 February 2018.
  16. ^ "Putin's Palace". Meduza. 19 January 2021. Retrieved 26 January 2021.
  17. ^ OCCRP, Olesya Shmagun. "The Magic Isle: How Wealthy Russians Use an Offshore Territory to Avoid Taxes on Private Jets". OCCRP. Retrieved 2022-03-06.
  18. ^ "Comrade Capitalism: Putin's Palace". Reuters. Retrieved 2022-03-06.
  19. ^ "Friendly Oligarch Buys 'Putin' Palace". Moscow Times. 3 March 2011. Retrieved 27 February 2018.
  20. ^ "Sheremetyevo announced the withdrawal of a businessman from the Forbes list from the "palace" project on the Black Sea". www.forbes.ru. 26 January 2021. Retrieved 26 January 2021.
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