Pavel Fuks

Pavel Y. Fuks
Fuks in 2017
Native name Павло Якович Фукс
Born (1971-10-27) 27 October 1971
Kharkiv, Ukrainian SSR, USSR
Citizenship Ukraine
Alma mater Kharkiv National University of Construction and Architecture
Occupation Founder of the development company Mos City Group
Years active 1992-present
Net worth US$270 million
Website Official website

Pavel Yakovlevich Fuks[1] (born. October 27, 1971, Kharkiv, USSR) is the Ukrainian-Russian businessman, investor, philanthropist and founder of the development company Mos City Group.[2][3]

Fuks is a member of the Supervisory Board of the Babi Yar Holocaust Memorial Center (BYHMC).[4][5]

According to the Ukrainian Focus Magazine 2017 Millionaires’ List, Fuks' net worth was US$270 million, making him the 24th richest person in Ukraine.[6]

Biography

Pavel Fuks was born in 1971 in Kharkov, Ukraine. In 1994, he graduated Finance and Credit from Kharkov National University of Construction and Architecture with Bachelor of Science degrees in Economic and Social Planning.[7]

During 1992-1994 he worked as an adviser to the Director General of the joint Soviet-American enterprise "Trade House Intrada."[8]

From 1995 to 1999 he was an adviser to the chairman of the board of JSCB “Prominvestbank”.[8] In 1999-2000 Fuks served as the Vice-President of CJSC "Foreign Economic Corporation."[8]

In 2002, he reoriented to the construction business. Among Fuks’ first projects was the shopping center "Kaluzhskii" which has operated since 2001.[7] Fuks and the Director of “Ingeokom,” Mikhail Rudyak, co-founded “Ingeokom-Invest” and Fuks became the Chairman of the Board of Directors,[9] he served until 2004. From 2004 to 2006, Fuks became the General Director of his own company CJSC "Tekhinvest."[7]

In 2006, he founded “Mos City Group,” which by the beginning of 2008 had collected a portfolio of about 7 million square meters projects, including several skyscrapers in “Moscow-City” business center, namely the Imperia Tower (280,000 sq. m.) and Eurasia Tower (211,000 sq. m.) and became one of the largest development companies in Moscow.[10][11] In the autumn of 2007, MCG purchased “Aerostar” Hotel on Leningradskii Prospekt in Moscow.[10] Mos City Group was a minority shareholder of OJSC Sports Complex "Olimpiyskii" and purchased a minority share of the Moscow sports complex.[12] Since 2009, Fuks has been a member of the Board of Directors of SC "Olympiyskii".[13] But in May 2014, Pavel Fuks sold his 27.5% of shares of the “Olympiyskii” Sports Complex to Dmitry Shumkov.[14]

In 2008, Fuks became a member of the Board of the Union of Industrialists and Entrepreneurs of Russia.[15][7]

In June 2008, he negotiated with the current US President Donald Trump about the construction of Trump Tower in Moscow, but the businessmen were unable to reach an agreement.[16][17][18][19][20]

Since 2010, Pavel Fuks was the largest shareholder of Sovkombank where he owns a 21.83% stake. In March 2015, he sold his shares, which were valued at US$80 million.[21]

At the moment of purchase of Sovkombank, it was ranked as the 98th best bank in Russia. However, at the moment of sale, the bank had moved to the 19th place in the national ranking of Russian banks and it was in the Top 5 by the return on capital.[22]

In 2011, he was ranked 150th on the “Finance” magazine Russian billionaires list, with a total net worth of US$740 million, marked with a 0 * (meaning that he started from a scratch).[23]

Fuks interest in development, construction, banking, oil and gas industries.[24]

Philanthropy

Fuks (third from the right) at the signing of the Declaration of Intent to create the Memorial Center of the Babi Yar in Kiev on September 29, 2016.[25]

Fuks regularly helps his native city. He took part in the restoration of Kharkov regional philharmonic, built the church of the Holy Queen Tamara, and built a monument to the mythical founder of the Kharkov city Cossack Kharko.[26][27]

In 2014, Pavel Fuks was awarded with the title "Honorary Citizen of Kharkov."[28]

Babi Yar

Fuks is the co-organizer of the construction of the memorial complex "Babi Yar" (the project worth of the complex is estimated at US$50–100 million, and it is planned to be completed it in 2021, on the 80th anniversary of the tragedy of Babi Yar).[29] On March 19, 2017, the Supervisory Board of the Memorial Center for the Holocaust “Babi Yar” was established, and included Pavel Fuks, the Mayor of Kiev Vitali Klitschko and his brother, the professional boxer Wladimir Klitschko, the shareholders of the consortium “Alfa Group” Mikhail Fridman and German Khan and others.[30][31] The project’s development fund was created with the help of consultants from the American big-four accounting firm “Ernst & Young.” [32]

According to Fuks, the structure of the memorial will include educational programs, a research center and a museum.[32]

Pavel Fuks is a member of the charitable foundation "A City without Barriers," which is committed to creating a comfortable environment for people with physical and intellectual disabilities.

Awards

  • Order of the reverend Nestor the Chronicler of the 1st degree
  • Order of the reverend Sergii Radonezhski of the 3rd degree
  • Order of the Golden Cross of the Sviatogorsk Brotherhood[33]

Hobbies

Fuks is fond of sports (namely boxing and tennis).

References

  1. ↑ Ukrainian: Павло Якович Фукс; Russian: Павел Яковлевич Фукс
  2. ↑ "Pavel Yakovlevich Fuks: Executive Profile & Biography". Bloomberg.com. Retrieved 2017-09-09.
  3. ↑ "Фукс Павло Якович - досьє ЄДНІСТЬ - ЗГАДУВАННЯ - УСІ НОВИНИ - Є!". Ednist.info. Retrieved 2017-09-09.
  4. ↑ "The Supervisory Board of the Babi Yar Holocaust Memorial Center has been established". Babiyar.org. Retrieved 2017-09-09.
  5. ↑ Ayala, Christine (31 August 2017). "In Ukraine, it's time for a Holocaust memorial at Babi Yar". Thehill.com. Retrieved 2017-09-09.
  6. ↑ "100 самых богатых людей Украины. Полный список - ФОКУС". Focus.uam. Retrieved 2017-09-09.
  7. 1 2 3 4 "Фукс Павел Яковлевич - персоны на". BFM.ru. Retrieved 2017-09-09.
  8. 1 2 3 "Фукс Павел Яковлевич - персоны на BFM.ru". BFM.ru (in Russian). Retrieved 2017-09-04.
  9. ↑ "Фукс Павел Яковлевич". Kommersant.ru. 4 March 2008. p. 20. Retrieved 2017-09-09.
  10. 1 2 "Mos City Group". Kommersant.ru. 4 March 2008. p. 20. Retrieved 2017-09-09.
  11. ↑ "Владелец девелопера MosCityGroup Павел Фукс имеет пакет акций костромского Совкомбанка". Banki.ru. Retrieved 2017-09-09.
  12. ↑ "Павел Фукс соберет "Олимпийский"". Rbc.ru. Retrieved 2017-09-09.
  13. ↑ "Павел Фукс оказался совладельцем "Олимпийского"". Infox.ru. Retrieved 2017-09-09.
  14. ↑ "Фукс вслед за правительством Москвы продал долю в "Олимпийском"". Rbc.ru. Retrieved 2017-09-09.
  15. ↑ "Фукс Павел - биография, личная жизнь, карьера". btimes.ru.
  16. ↑ "Павел Фукс рассказал о переговорах с Дональдом Трампом в 2008 году". Vesti-ukr.com. 7 April 2017. Retrieved 2017-09-09.
  17. ↑ "Archived copy". Archived from the original on 2016-11-19. Retrieved 2017-07-18.
  18. ↑ "Дональд Трамп продаст свое имя". Kommersant.ru. 6 April 2008. p. 18. Retrieved 2017-09-09.
  19. ↑ "Дональд Трамп планировал несколько бизнес-проектов в России". News.rambler.ru. Retrieved 2017-09-09.
  20. ↑ "Trump's Business Record in Russia Is Humiliating". Bloomberg.com. 29 August 2017. Retrieved 2017-09-09.
  21. ↑ "Павел Фукс больше не банкир". Forbes.ru. Retrieved 2017-09-09.
  22. ↑ "Фукс выразил готовность сотрудничать со всеми заинтересованными в создании мемориала Бабьему Яру". Fakty.ua. Retrieved 2017-09-09.
  23. ↑ "«Финанс.» Рейтинг российских миллиардеров 2011". M2011.finansmag.ru. Retrieved 2017-09-09.
  24. ↑ "Репатриация экспатов - ФОКУС". Focus.ua. Retrieved 2017-09-09.
  25. ↑ "Petro Poroshenko announces initiative to create Holocaust Memorial Center". Babiyar.org. Retrieved 2017-09-09.
  26. ↑
  27. ↑ "Павел Фукс заявил, что намерен продолжить работать в Украине". Vesti-ukr.com. 30 March 2017. Retrieved 2017-09-09.
  28. ↑
  29. ↑ "Миллиардер Фукс рассказал о строительстве мемориала Бабьего Яра". Podrobnosti.ua. 2017-09-04. Retrieved 2017-09-04.
  30. ↑ "The Supervisory Board of the Babi Yar Holocaust Memorial Center has been established". Babiyar.org. Retrieved 2017-09-09.
  31. ↑ "People of different views and nationalities are brought together by a common goal - to build the memorial in Babi Yar, - Pavel Fuks". Ukranews.com. Retrieved 2017-09-09.
  32. 1 2 "Фукс: Если мы сосредоточимся на политике, то мемориал в Бабьем Яру вряд ли когда-нибудь построят". Gordonua.com. Retrieved 2017-09-09.
  33. ↑ "Павел Фукс | Компромат и Биография. Новости, фото и публикации". Facenews.ua. Retrieved 2017-09-06.
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