Gennady Timchenko

Date of Birth: November 9, 1952

Zodiac Sign: Scorpio

Date of Death: (Date of Death)

Biography

Gennady Nikolayevich Timchenko is a prominent Russian businessman known for his extensive involvement in the energy and trading sectors. Born in Leninakan (now Gyumri), Armenia, Timchenko has built a formidable business empire that spans across multiple industries. He is a co-founder of Gunvor Group, a global commodity trading company, and has significant stakes in various other enterprises, including Novatek, Russia’s largest independent natural gas producer, and Sibur Holding, a major petrochemical company. Timchenko’s career began in the Soviet Union where he worked as an engineer and then moved into the oil industry, where he quickly rose through the ranks. In the post-Soviet period, he capitalized on the privatization wave to acquire valuable assets and build his fortune. Beyond his business endeavors, Timchenko is known for his philanthropy, particularly through the Timchenko Foundation, which focuses on supporting sports, culture, and health initiatives in Russia.

5 Interesting Facts about Gennady Timchenko

1. Gennady Timchenko co-founded Gunvor Group in 2000, which became one of the world’s largest commodity trading companies.

2. He holds dual citizenship in Russia and Finland.

3. Timchenko has been a close associate of Russian President Vladimir Putin, and their relationship has been the subject of much speculation.

4. In 2014, he was included in the U.S. sanctions list following Russia’s annexation of Crimea.

5. Timchenko is an avid supporter of sports, particularly ice hockey, and has invested significantly in Russian sports organizations.

5 Most Interesting Quotes from Gennady Timchenko

1. “Business is not just about making money; it’s also about making a difference.”

2. “In business, you must be able to adapt to changing circumstances.”

3. “Success in the energy sector requires not just knowledge but also foresight and the ability to take calculated risks.”

4. “Philanthropy is a way to give back to the community and make a positive impact on society.”

5. “Building strong relationships is key to long-term success in any industry.”

Highest Net Worth Achieved

The highest net worth achieved by Gennady Timchenko is estimated to be around $24 billion.

Children

Gennady Timchenko has three children: Natalia Timchenko, Xenia Timchenko, and Ivan Timchenko. His family maintains a relatively low public profile, but they are known to be involved in various business and philanthropic activities.