Gennady Timchenko

(biography, photos, videos) Gennadiy Timchenko

photograph Gennady Timchenko

  • Name: Gennady Timchenko ( Gennadiy Timchenko )
  • Date of birth: 9 November 1952
  • Age: 64 years
  • Place of birth: Leninakan, Armenia
  • Growth: 183
  • Activity: the Russian entrepreneur, billionaire, owner of the investment group Volga Group
  • Marital status: Married

    Gennady Timchenko: biography

    Gennady Timchenko is one of the richest and most successful businessmen of Russia, the status of which in 2016 is estimated at 11.4 billion dollars. He is considered very influential in the business sector of the country, through which it is seeking to cooperate with many Russian and foreign entrepreneurs. In the asset based oligarch Volga Group, the number of shares of the gas company NOVATEK, coal company «Colmar», railway company «Transoil» and the petrochemical company «SIBUR».

    Born Timchenko Gennady Nikolayevich 9 November 1952 in the Armenian city of Leninakan in the family of a serviceman of the Soviet army. According to his service, the father of the family of the future billionaire was often moved from country to country, so part of the childhood he spent in the GDR and in Ukraine. He finished secondary school in the Ukrainian city of Odessa region, but received his higher education at the Leningrad Military mechanical Institute.

    From the walls of the University, the businessman came out with an engineering degree-electrical engineering, which took Izhevsk factory specializing in the production of large power generators for nuclear power plants. Start in a career Timchenko came unexpectedly – he had a good command of the German language, therefore he was transferred to the sales Department of the enterprise where it was a shift foreman was able to escape to the Ministry of foreign trade of the USSR.

    In the civil service he worked for 6 years, and after that thanks to your professionalism and dedication was in the oil business, having received the appointment to the post of Deputy Director of the state oil refinery JS company «kirishineftekhimexport», which included the three largest refineries in the country.

    Thanks Timchenko in the USSR was built the first export routes of oil products to the West, and he became a leading oil country.


    After the collapse of the Soviet Union in 1991, Timchenko moved to Finland and led the company Urals Finland Oy, specializing in importing Russian oil to Europe. This company became the main purchaser of products of the Russian factory JS company «kirishineftekhimexport», at that time, the future billionaire was officially his Manager.

    In 1996, during the global privatization in Russia Gennady bought from the state «Kineks» and with the Swedish partner, Torbjorn Törnqvist founded the company Gunvor oil trade. Through this company exported the border of the Russian leading oil companies in the country, among which were «Rosneft», «Gazprom», «Surgutneftegaz» and «TNK-BP».

    In 2007, Gunvor revenues reached $ 70 billion and Timchenko decided to create his own investment holding company without co-founders. Then was born the company Volga Group, which specializes in investments in the development of Russian business in promising sectors, such as transport, energy and infrastructure. To date, the group’s assets included shares of leading Russian companies, namely NOVATEK and Stroytransgaz, «Transoil», «Sukhodol», «Petromir», «SIBUR».

    In addition to energy and transport directions of the billionaire investing heavily in the development of the banking and insurance sectors, sports and culture, and also owns 100% shares of the manufacturer of drinking water Aquanika. In 2014, the asset portfolio of the group was enlarged by the shares of OOO «Alma-holding» specialises on wholesale trade in food products and soft drinks.

    In 2014 the businessman sold its assets in Gunvor to his co-founder that was done literally a day before the imposition of U.S. sanctions against Timchenko. The billionaire believes the sanctions imposed against it a high rating, which means its significant contribution to the development of the Russian economy. It is painlessly transferred all of its assets in Russian banks, because in advance has you covered.

    Personal life

    Personal life Gennady Timchenko carefully hidden from the public eye. The billionaire married his wife Helen for several decades been a constant partner of the tycoon during his life and business.

    Also, spouses conduct joint charitable activity, together, they established the largest in Russia, «Timchenko Foundation», which aims to support families and children, the older generation, the development of culture and sports. In addition to the charity Fund Gennadiy Nikolaevich considered the Russian philanthropist, as from its own funds, allocates large sums of money for the construction and restoration of churches throughout the country.

    A businessman has three children – two daughters and a son who were born in Finland. Now they all live and work in Russia. Children of the oligarch went in his father’s footsteps, they are in the business of charity.

    As for the entertainment of a billionaire, besides business, his passion with the youth is sport. Timchenko actively enjoys hockey, Golf, Alpine skiing, tennis, in connection with which it has a sponsorship of Russian tennis players. He also leads the hockey club SKA, is Vice-President of the Russian Olympic Committee, and was one of the founders of the St. Petersburg judo club «yawara-Neva», whose honorary President is the President of the Russian Federation Vladimir Putin.

    It is known that Gennady has another interesting hobby – he raises Labrador Romi, daughter of dog the Russian Chapter.


    The state of Gennady Timchenko in 2016 is estimated at 11.4 billion dollars. This allows it to occupy the 5th position in the ranking of the richest businessmen of Russia. In addition to the assets of Volga Group owned by oligarch has an estate in Switzerland and Finland.


    Gennady Timchenko

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