Kostyantyn Zhevago

Kostyantyn Valentynovych Zhevago (Ukrainian: Костянтин Валентинович Жеваго, Russian: Константин Валентинович Жеваго; born 7 January 1974) is a Ukrainian billionaire and politician. He was the first Eastern European to present one of his companies — Ferrexpo to the London Stock Exchange. Zhevago controls the "Finances and Credit" group — one of largest conglomerates of Ukraine; holds a post of FC Vorskla honorary president. He was a member of the Verkhovna Rada (parliament of Ukraine) from 1998 until 2019.[4]

In this name that follows Eastern Slavic naming conventions, the patronymic is Valentynovych and the family name is Zhevago.

Kostyantyn Zhevago
Костянтин Жеваго
People's Deputy of Ukraine
In office
March 1998 – 29 August 2019
Preceded by
  • Constituency established (1998, 2012)
  • Yaroslav Kozak (2002)
Succeeded by
  • Hennadiy Rudenko (2002)
  • Constituency abolished (2006)
  • Oleksiy Movchan (2019)
Constituency
Personal details
Born (1974-01-07) 7 January 1974
Iultin, Russian SFSR, Soviet Union (now Russian Federation)
Political partyIndependent[1]
Other political
affiliations		Yulia Tymoshenko Bloc (2006-2012)[2]
SpouseAlina
Childrenson Ivan and daughter Sofiya
Residence(s)Kyiv, Ukraine[3]
Alma materKyiv National Economic University
Websitehttp://rada.gov.ua

Early life and career

Kostyantyn Valentynovych Zhevago was born on 7 January 1974 in the village of Iultin, in Russia's far eastern Magadan Oblast, into the family of a mining engineer.[5]

In 1991, Zhevago entered the Kyiv National Economic University, specialising in accounting and analysis of external economic activity. In 1996, he graduated with a master's degree in economics, and in 2003 he defended his candidate's dissertation on "International investments and effective economic development" at the Kyiv National Economic University.

Business

While studying, Zhevago began a career in the position of "Finance and Credit" chief financial officer (Ukrainian: ЗАТ "Фінанси та Кредит", Russian: ЗАО "Финансы и Кредит"), holding this post from 1993 to 1996. From 1996 to 1998 he holds posts of "Finances and Credit" president, public corporation "Poltava ore-dressing and processing enterprise" (Ukrainian: ВАТ «Полтавський ГЗК», Russian: ОАО «Полтавский ГОК») council deputy and is member of public corporation "Ukrnafta" (Ukrainian: ВАТ «Укрна́фта», Russian: ОАО «Укрна́фта») supervisory board.

Kostyantin Zhevago, 35-year-old investor, was the first of the Ukrainian multimillionaires to present one of his companies — Ferrexpo to the London Stock Exchange. In autumn 2007 Ferrexpo was added to the FTSE 250 Index.

Forbes magazine named Kostyantin Zhevago the youngest billionaire in Europe, who made his fortune by himself.[6] His bank "Finances and Credit" was one of the TOP-10 largest Ukrainian banks with hundreds of branches across Ukraine. He controls developed and successful enterprises in mining and metallurgical, shipbuilding, engineering, heavy car production, pharmacology and food industries in Ukraine and countries of Western Europe and Middle East. Owns the football team of Ukrainian Premier League FC Vorskla Poltava.

Political activity

In Ukraine, Zhevago is active in politics. In March 1998, he was first elected as a People's Deputy of Ukraine from Ukraine's 149th electoral district, located in Poltava Oblast.[7] June 1998 — Zhevago Kostyantin is a member of parliament committee of questions of economic policy, state economy management, property and investments. In April 2002, he was re-elected, this time in Ukraine's 150th electoral district (also in Poltava Oblast]].[8] From June 2002, he was a member of the Verkhovna Rada Legal Committee and a member of the Verkhovna Rada (parliament of Ukraine)'s permanent delegation in PACE.

From May 2006 to April 2007, Zhevago was a People's Deputy of Ukraine from the Yulia Tymoshenko Bloc.[9][10] In 2007, Zhevago was re-elected as a People's Deputy of Ukraine from the Yulia Tymoshenko Bloc.[11] Leader of deputy group of inter-parliamentary connections with Japan. He missed all 51 parliament sessions in 2010.[12]

Zhevago returned to the Verkhovna Rada once again after the 2012 Ukrainian parliamentary election, winning with more than 60% as an independent candidate in the re-established 150th district. The successors of the Yulia Tymoshenko Bloc, Batkivshchyna, did not have its own candidate in this district.[13] Zhevago did not join a faction in the Verkhovna Rada.[1]

In the 2014 Ukrainian parliamentary election Zhevago was re-elected into parliament again as an independent in the 150th district, this time with 43.81% of the votes.[14] He again did not join a faction.[15]

In the 2019 Ukrainian parliamentary election, Zhevago failed to regain his seat, concluding his twenty-one year career as a People's Deputy. He lost the election in the 150th district with 24.9% of the vote.[16] The winning candidate was Oleksiy Movchan from the Servant of the People party, who won with 41% of the vote.[16]

Controlled assets

"Finances and Credit" group is to one of the largest Ukrainian conglomerates. It includes enterprises in the fields of metallurgy, ferrous deposits and ferromagnetic ore, engineering, transport, pharmaceutics, shipbuilding, energetics.

"Finances and Credit" bank was founded in 1990 and by the size of assets it was considered one of the largest banks of Ukraine according to classification of National Bank of Ukraine. By 1 April 2009 the authorized capital stock of the bank made ₴2 billion, net wealth made ₴18,316 billion, bank liabilities — ₴15,840 billion. The loan portfolio made ₴15,880 billion, loan portfolio of natural person — bank clients — ₴5,983 billion. By 1 April 2009 the bank system included 16 branches and 326 departments in all areas of Ukraine. The basic shareholders of "Finances and Credit" bank on 01.04.2009 were the close corporation "F&C Realty" (46.67%), LTD "Askaniya" (48.88%) and the state-run Naftogaz (0.63%). According to the Ukrainian Bank Association data, by 1 April 2009 the bank occupied the 13th place among 162 operating in the country.[17] On 17 December 2016 the National Bank of Ukraine withdrew the banking license of Finance and Credit and liquidated the bank.[18]

"Finances and Credit" group companies
  • Insurance and finances

«Omega» insurance company

  • Real estate

Joint-stock company «F&C Realty», Hotel «Salute» Kyiv, Terminal in the seaport "Southern" (Odesa), Institute «Kyivsoyuzdorproekt»

  • Energetics

Joint-stock company “Biloterkovna teploelektrotsentral”, Ukrenerhosbyt, Odesaoblenerho, Ukrainian-German «Mega-motors», Luhanskoblenerho

  • Chemistry

Joint-stock company «Rosava», joint-stock company “Kremenchug factory of technical carbon”, Stakhanov factory of technical carbon, LTD. “Ukrtekhuglerod”, Zatisnyansk chemical factory

  • Engineering

AvtoKrAZ, Uzhgorod «Turbogaz», Kharkov instrumental factory, Stakhanov carriage works, Berdychiv machine-shop «Progress», Poltava machine unit factory

  • Shipbuilding

Zaliv Shipbuilding yard, “Kyiv shipbuilding and reconstruction factory”

  • Metallurgy and Resources

Poltava GOK (iron-stone, pellet), Skopski Legury (ferro-alloys), Ferreekspo (Switzerland), Electrometallurgical plant «Vorskla Steel» (in the process of building), Electrometallurgical factory «Vorskla steel Denmark»

  • Pharmacology

Joint-stock companies “Kyivmedpreparat”, “Gemoplast”, “Halychfarm”.

  • Food industry

Private Joint-stock Company Kremenchukmyaso[19]

Wealth

According to Forbes, he is Ukraine's youngest billionaire.[20] In March 2012 Forbes placed him on the Forbes list of billionaires at the 719th place with $1.8 billion.[21]

In August 2022, he acquired the Hôtel de Jarnac, a $39 million mansion in Paris that was originally built at the end of the 18th century for a contractor of the king's buildings.[22]

Investigation

On 28 December 2022, Zhevago was arrested in Courchevel, France at the request of Ukraine's State Bureau of Investigation. Assets belonging to Zhevago have also been seized, including assets of Ferrexpo. The investigation relates to JSC Finance and Credit Bank.[23]

See also

References
  1. (in Ukrainian) National deputies of Ukraine:Kostyantin Zhevago, Verkhovna Rada
  2. (in Ukrainian)Yulia Tymoshenko Bloc election list #62 Archived 2011-06-07 at the Wayback Machine, Central Election Commission of Ukraine
  3. Biography Archived 2009-11-06 at the Wayback Machine, Ukrainian Parliament
  4. "Zhevaho declared wanted in Ukraine, placing on intl wanted list being prepared – SBI director". Interfax-Ukraine. Retrieved 17 May 2023.
  5. "Блаживский Евгений".
  6. "Europe's Youngest Billionaires". Forbes. Retrieved 17 May 2023.
  7. "Народні Депутати України 3-го скликання (1998-2002)". gska2.rada.gov.ua. Retrieved 17 May 2023.
  8. "Народні Депутати України 4-го скликання (2002-2006)". gska2.rada.gov.ua. Retrieved 17 May 2023.
  9. "Народні Депутати України 5-го скликання (2006-2007)". gska2.rada.gov.ua. Retrieved 17 May 2023.
  10. Kostyantin Valentynovych Zhevago, Bloomberg L.P. (2009)
  11. "Чисельність народних депутатів України". gska2.rada.gov.ua. Archived from the original on 16 July 2010. Retrieved 15 May 2009.
  12. #5 Richest: Kostyantyn Zhevago, 36, Kyiv Post (December 17, 2010)
  13. (in Ukrainian)Полтавська область. Одномандатний виборчий округ №150 Poltava region. The single-mandate constituency № 150 Archived 2012-10-31 at the Wayback Machine, Central Election Commission of Ukraine
  14. (in Ukrainian) Candidates and winners for the seat of the constituency 150 in the 2014 Ukrainian parliamentary election Archived 2014-12-10 at the Wayback Machine, RBK Ukraine
  15. (in Ukrainian) National deputies of Ukraine:Kostyantin Zhevago, Verkhovna Rada
  16. "Мільярдер Жеваго втрачає мандат після 21 року в Раді". ukr.lb.ua.
  17. "Активи та зобов'язання на 01.04.2009 р." www.aub.com.ua. Retrieved 17 May 2023.
  18. NBU decides to liquidate bank Finance and Credit, Interfax-Ukraine (18 December 2015)
  19. "Группа "Финансы и кредит" at baza.proua.com". Archived from the original on 16 April 2009. Retrieved 15 May 2009.
  20. "Forbes List Directory". Forbes. Retrieved 17 May 2023.
  21. Eight Ukrainians make Forbes magazine's list of world billionaires, Kyiv Post (8 March 2012)
  22. Bensoussan, David (28 April 2023). "Un milliardaire ukrainien, recherché par Kiev, se paye un hôtel particulier à Paris". Challenges (in French). Retrieved 28 April 2023.
  23. "Former Ukrainian MP Zhevago detained in Courchevel - SBI". Ukrinform. Retrieved 28 December 2022.

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