Alexander Ponomarenko

Alexander Ponomarenko
Born Alexander Anatolyevich Ponomarenko
1964 (age 53–54)
Belogorsk, USSR
Residence Moscow, Russia
Citizenship Russian and Cypriot
Alma mater Simferopol State University
Russian State Academy of Management
Occupation Businessman
Net worth US$3.3 billion (April 2018)[1]
Spouse(s) Married
Children 3

Alexander Anatolyevich Ponomarenko (Russian: Алекса́ндр Пономаре́нко)(born 1964) is a Russian billionaire businessman who made his fortune in banking, sea ports, commercial real estate and airport construction. Forbes estimates his net worth at $3.5 billion.[1]

Early life

Alexander Ponomarenko was born on October 27, 1964 in Crimea, Belogorsk City, Ukrainian SSR.[2][3]

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.[4] By the end of the 1980s, he was the junior boxing champion of Ukraine.[5]

Career

Putin's Palace under construction, 2011

Ponomarenko has worked for much of his career with fellow billionaire Alexander Skorobogatko.[1] In the late 1980s, Ponomarenko, together with Skorobogatko, founded an enterprise in the Crimea that specialised in perfume products and building materials.[1]

The two business partners 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.[6]

Following the financial crisis in 1998, the partners started buying up shares in cargo companies that eventually combined to form Novorossiysk Commercial Sea Port (NCSP), which became the largest sea port in Russia.[1]

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.[6][7]

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. Among the main assets of this company are TRK Gallery Krasnodar, Gallery Novosibirsk, Moremoll in Sochi, Ocean Plaza in Kiev, and Oceania and Khorosho malls in Moscow.[6]

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.[8] Ponomarenko joined the Board of Directors of JSC Sheremetyevo International Airport in 2015 and was elected its Chairman in 2016.[9]

In 2016, TPS Avia secured 68% stake in Sheremetyevo Airport and committed to invest US$840 million to upgrade and expand the airport's infrastructure.[10]

Personal life

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.[11] At the time of the purchase, Ponomarenko indicated that he had picked the palace up for "a song" and that the value of the complex may be as much as $350 million when the project was complete.[12]

In 2017, it was reported in The Guardian that Ponomarenko had acquired Cypriot citizenship in 2016 through a "Golden visa" scheme.[11]

References

  1. 1 2 3 4 5 6 7 "Forbes profile: Alexander Ponomarenko". Forbes. Retrieved 8 February 2018.
  2. ↑ "Alexander Ponomarenko - Richest Russian". richestrussian.com. Retrieved 8 February 2018.
  3. ↑ "Alexander Ponomarenko Biography". TipNews.tk. Retrieved 27 February 2018.
  4. ↑ "Alexander Ponomarenko Profile". TPS Group. Retrieved 27 February 2018.
  5. ↑ "Кто и зачем купил "дачу Путина"?". sobesednik.ru. Retrieved 27 February 2018.
  6. 1 2 3 "Как устроен бизнес покупателя "дворца Путина" в Геленджике и его партнера". Vedomosti. Retrieved 27 February 2018.
  7. ↑ "Novorossiysk Commercial Sea Port announces pricing of US$19.20 per GDR". investigate.co.uk. Retrieved 27 February 2018.
  8. ↑ "M&A: TPS Avia Holding acquired Interport's assets". akm.ru. Retrieved 27 February 2018.
  9. ↑ ""We're thinking about selling 10% of Sheremetyevo stock"". svo.aero. Retrieved 27 February 2018.
  10. ↑ "Investors express interest in Moscow's stake in Aeroflot". CH Aviation. Retrieved 27 February 2018.
  11. 1 2 Pegg, David (17 September 2017). "The billionaires investing in Cyprus in exchange for EU passports". the Guardian. Retrieved 8 February 2018.
  12. ↑ "Friendly Oligarch Buys 'Putin' Palace". Moscow Times. Retrieved 27 February 2018.
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