Gennady Timchenko



Gennady Nikolayevich Timchenko (born 1952) is a Russian businessman and billionaire. He founded and owns the private investment group, Volga Group, which specializes in investments in energy, transport and infrastructure assets. Previously he was a co-owner of Gunvor Group. In 2014, Timchenko was ranked 62nd on the Forbes magazine billionaires list, with an estimated fortune of $15.3 billion USD. He is known for being the Chairman of the Board of Directors of the Kontinental Hockey League, and President of the SKA (St. Petersburg) ice hockey club. He is a citizen of Russia, Finland and Armenia.

Gennady Timchenko also has stakes in various Russian businesses including gas company Novatek, petrochemichal producer Sibur Holding, railway operator Transoil and construction firm STG Group. Considered one of the most powerful people in Russia, he has close ties to President Vladimir Putin and, as a result, faced U. S. sanctions in 2014 in response to Russia's intervention in Crimea and eastern Ukraine. 
 

Gunvor told about the participation of Putin's "childhood friend" in its business

Business●29.09.2016

Oil trader Gunvor responded to the investigation of Dozd Channel about the Forbes list member Pyotr Kolbin. The company said that the business partner of Gennady Timchenko was its shareholder only for one year and completely withdrew nearly ten years ago.

Gazprom awarded the contract for the "Power of Siberia" worth 72 billion rubles without tender

Business●11.08.2016

Gazprom has chosen Stroytransgaz company, co-owned by billionaire Gennady Timchenko, as a contractor for the construction of 255 km of gas pipeline "Power of Siberia" without tender. The cost of the contract is 72.2 billion rubles.

Bottomless world: did Gennady Timchenko succeed in creating a strong brand of drinking water

Business●04.05.2016

The billionaire trusted to manage the purchased asset to his son-in-law, Gleb Frank, who heads the board of directors of Akvaniki, and Maxim Vorobiev, the founder of Russkoye More. 

Useful resources: who helped Leonid Michelson to lead the Forbes list for the first time

Business●14.04.2016

Michelson has one important ability: he knows how to pick the right partners in a timely manner. Perhaps the most valuable of them is Vladimir Putin's friend Gennady Timchenko.

Save and preserve: what happened to Ziyad Manasir's construction business

Business●22.03.2016

In the spring of 2015, the former billionaire sold Stroygazkonsalting company. Forbes finds out why, and what does Ramzan Kadyrov's friend Ruslan Baysarov have to do with it. 

Hitting the inner circle: how Putin's friends suffered from sanctions

Business●22.03.2016

On March 20, 2014 the US government first imposed personal sanctions against Russian businessmen and top managers of state-owned companies from the Russian President Vladimir Putin's entourage.

Loyal hands: what assets Timchenko and Rotenberg disposed of amid the sanctions

Business●14.01.2016

Sale of part of the property to partners and relatives didn't spare the billionaires, close to the Russian President, from international prosecution.

Shamalov's chemistry: Forbes estimated the wealth of Putin's alleged son-in-law

Business●12.01.2016

According to Forbes, the co-owner of Sibur Kirill Shamalov is a dollar billionaire.

Trafigura has become the second largest trading partner of Rosneft

Business●30.12.2015

The oil trader Trafigura registered in the Netherlands in 2015, has become the second largest foreign buyer of Rosneft's oil, experts say. The trader is second only to the Chinese partner of the Russian state company, CNPC.

Gazprom has canceled its largest tender

Business●30.12.2015

It happened after the promises of the Head of FAS to complain to the president.

US accused Timchenko and Rotenberg of systematically bypassing the sanctions

Governance●23.12.2015

The US authorities give no peace to "Putin's friends": Gennady Timchenko and the Rotenberg brothers. The US Treasury blacklisted ten companies through which these businessmen allegedly evade sanctions.

Foreign control: why billionaires do not hurry to withdraw their business from tax havens

Business●21.12.2015

Forbes asked the Russian billionaires, what they were doing in relation to the new law on foreign-controlled companies.

Gennady Timchenko moved to Khrushchev's residence before sanctions

Business●17.08.2015

For ties with the Russian businessman his friend,  Finn Kai Paananen, fell under the sactions. 

Inherited sanctions: how Roman Rotenberg's business is organized

Business●03.08.2015

Working in the KHL and SKA, Roman Rotenberg built his own business. What role was played by his father and uncle?

Baysarov became co-owner of one of the largest construction companies

Business●29.07.2015

Ruslan Baysarov bought 25% plus 1 share of building company Most, as a source close to the businessman reported to RBC. The fact is confirmed by Baysarov's representative, but he declined to say who the package was bought from or what was the price. 

Rotenberg's factory: who Nike and Adidas entrust their goods to

Business●06.07.2015

The eldest son of billionaire Boris Rotenberg buys one of the leading Russian manufacturers of sportswear and souvenirs.

Timchenko remained in Sheremetyevo

Business●05.06.2015

The billionaire sold the business terminals, but retained his board of directors.

Russia Bank and SMP Bank have $637 million blocked in the United States

Business●11.03.2015

Among the shareholders of these banks are the members of Putin's inner circle, reminds the WSJ.

Who among Russian officials and state managers had accounts in HSBC

Society●09.02.2015

The joint investigation of Vedomosti, the International Consortium of Investigative Journalists and Le Monde.

Make way for the young: why Timchenko and Rotenberg sell assets to their children

Business●08.01.2015

Famous businessmen sanctioned by the West, transfer their assets to the newer generation. These deals have become one of the key trends of the year.

Sovcomflot lost the case in London to the ex-partner of Gennady Timchenko

Business●18.11.2014

As it became known to Forbes, the Supreme Court of the United Kingdom has put an end to the litigation which lasted nearly a decade.

Vnukovo vs. Sheremetyevo: will the disaster of Falcon accelerate the redistribution of the market for business aviation

Business●06.11.2014

Vnukovo works at its limit, while Sheremetyevo starts an active campaign to attract new customers. Who will win the competition for the premium segment of the market?

The US suspects billionaire Gennady Timchenko of money laundering

Business●06.11.2014

Prosecutors in the US check the financial transactions related to Russian billionaire Gennady Timchenko who had been included into the sanctions list, for possible money laundering, said the American newspaper The Wall Street Journal, citing several unnamed sources.

Vladimir Yevtushenkov's Sistema says goodbye to the oil business

Business●31.10.2014

On Thursday, the Moscow Arbitration Court decided to transfer 81.67% of the shares "Bashneft", the sixth largest oil company in Russia, to the state. 

Investor crashed on takeoff

Society●22.10.2014

Who was Christophe de Margerie for Russia. 

Iskander Makhmudov: how an engineer-translator became a billionaire

Business●07.10.2014

He took over copper and coal in battles of the 90s, built a monopoly around the monopoly of Russian Railways in the 2000s and encircled Moscow in the 2010s: his raider past did not prevent him from succeeding in the system of state capitalism.

Timchenko is ready to transfer his assets to the state "even tomorrow"

Business●04.08.2014

"Personally, we do not need billions," - said the principal owner of Volga Group; he also said where his children were educated, how he was affected by the sanctions and why it was easier to breathe in Russia.

For old friendship's sake: the French increased their share in Novatek despite sanctions

Business●24.07.2014

The Western sanctions against the "Novatek" and its co-owner Gennady Timchenko did not prevent France's Total to increase the share of the largest independent gas producer in Russia; since the beginning of the year it could have grown by almost 3%.

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