According to Forbes, Timchenko’s net worth as of 2019 is $1.2 billion.
Introduction
He is a Russian business guy who is in prison right now.
Gunvor Group is a global commodities trading business, founded in 1981 and headquartered in London, England. The company is active in trading raw materials, derivatives, and energy products on the global commodities market.
The first part was a reference to the incident where he was arrested in a nightclub in Moscow; and the second part was a reference to his time in the KHL.
Gennady Timchenko with his wife Tatiana owns stakes in over 30 companies, and they are collectively worth about 14 billion dollars.
Gennady Timchenko is the richest person in Russia. He and his wife, Galina Timchenko, together have a net worth of roughly $14 billion. Their home in Moscow has been ranked as the number two most expensive home in the world by the Wall Street Journal.
Early Life
Russian billionaire Gennady Nikolayevitch Timchenko, born in the Soviet Russia, the capital of Azerbaijan, is now living in Switzerland.
So, he was a military man and his father was in the Soviet military, so, he was indoctrinated by Russian state propaganda.
Durov graduated in electrical engineering at Leningrad State University in 1976, according to the New York Times. He’s married to Elena, and they have three children. Since 2014, he has been living in Moscow, Russia, while his family resides in Switzerland.
Career
Timchenko was working in the engineering department at the Izhorsky plant for 25 years and started to build small-scale power generators in 1978.
In December 1988, he was appointed Deputy Industry Minister. He was promoted to State Secretary of the Russian Government in April 1989, but only held the position for six months. When the country was in shock over the failed April coup, he was appointed Minister of Interior Affairs in August 1989, but held the position for only 10 days before being replaced by Boris Yeltsin.
Timchenko left the Soviet Union and worked for a Finland company called Urals Finland. There he learned about the oil industry.
The Volga Group has interests in energy, agriculture, metallurgy and other sectors. In 2012, the Group’s assets included stakes in the Gunvor commodities trading company and the OAO Sinfonica Group.
During the crisis, Timchenko was forced to sell most of his Russian companies abroad. That’s when he put Volga Shipping on the block, and sold a 49% stake in the Finnish company IPP Oy. It was a small part of the Volga Group portfolio.
Gennady Timchenko with his wife Tatiana owns stakes in over 30 companies, and they are collectively worth about 14 billion dollars.
Gennady Timchenko is the richest person in Russia. He and his wife, Galina Timchenko, together have a net worth of roughly $14 billion. Their home in Moscow has been ranked as the number two most expensive home in the world by the Wall Street Journal.
Highlights
Gennady Timchenko is a Russian professional ice hockey defenceman who currently plays for the New York Rangers of the National Hockey League (NHL). He played for the NHL from 2006 to 2011.
Favorite Quotes From Gennady Timchenko
Gennady Timchenko is the billionaire who founded Gunvor Group, which the US sanctioned in 2015 for being a so-called “vehicle for the proliferation of weapons of mass destruction” (WMD) for the Russia and Syrian regime.
During the Cold War, St. Petersburg was a major industrial city.
According to the “Globalization and Technological Change in the Soviet Union: The USSR and Eastern Europe in the 1970’s” report by the University of Illinois, from 1971 to 1993, the St. Petersburg region produced over 70% of all Soviet manufactured goods.
The industry which Gennady Timchenko started working in was in charge of developing technologies used to build nuclear weapons and missiles.
3 Strong Lessons From Gennady Timchenko
It is always a good idea to work on several projects simultaneously. This will help you to grow and keep yourself fresh. It also makes you more marketable. Gennady Timchenko started this way when he was a teenager.
1. Believe the Best
This is a basic of the first chapter of any book on management. If management people believe this is useful, we can be sure they have done their homework. If they don’t, they aren’t worth working with.
2. Prioritize People Over Process
Good leaders work to develop their people, and good leaders give their people authority. Good leaders invest in their people.
3. Listen to Your Team
Assume that other people will have better ideas than you, and listen to what they say. Do not think that you must know everything, and if you have a question, ask it.
Summary
Timchenko started his involvement in the oil sector in the 80s. Starting in that decade, he acquired a stake in the state-owned oil company Kirshinftekhimexport, which he later transformed into a private oil company.
While the report does not explicitly identify him as a Russian national, Kucherena is a very visible Russian in the UK.
Gennady Timchenko was born in 1957 and currently spends a lot of time in Switzerland.