Gennady Timchenko is a millionaire businessman and Russian tycoon. Volga Group was founded by him and he is the sole owner. He is also the president of the SKA Saint-Petersburg Hockey club and the Russian national hockey league’s chairman.
He owns stakes in a number of Russian firms, including the gas and petrochemical industries, making him one of Russia’s most powerful persons.
Gennady Timchenko Age, Family, and Early Life
Gennady Timchenko was born on November 9, 1952 in Gyumri, Armenia.His father was in the Soviet military and fought alongside Russian forces in the second world war. However, there is very little information regarding his mother as very little information about him has been surfacing over the internet due to which it is difficult to find anything specific about his family right now.
We cannot provide any more specific information regarding his early years.
Thus, we can’t give you any detailed information about his life. We will update anything relevant to him as we discover more about him and his life.
Gennady Timchenko’s Career, What was his profession?
Timchenko began working as an engineer for the Izhorsky plant outside Saint Petersburg in 1977, specializing in the construction of power generators. He served as a senior engineer at the Ministry of Foreign Trade from 1982 until 1988.
Timchenko’s teams established some of the first oil export lines from the USSR to Western countries, and Timchenko rose to prominence in the Russian oil trading industry. Timchenko decided to leave Russia in 1991 and was hired by Urals Finland Oy, a Finnish business that specializes in importing Russian oil to Europe. Timchenko became the first deputy and later CEO of IPP OY after Urals Finland Oy was renamed International Petroleum Products Oy in 1995. In 1997, he and Swedish billionaire Torbjörn Törnqvist co-founded Gunvor, a global commodity trading corporation.
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Timchenko established the Volga Group (Volga Resources Group) private investment fund in 2007, which holds his Russian and foreign holdings in energy, transportation, infrastructure, financial services, and consumer goods. Timchenko was sanctioned as a result of Russia’s annexation of Crimea in 2014 and invasion of Ukraine in February 2022.
Which school and college did he go to?
His education began at the Mechanical Institute in Leningrad, then known as Saint Petersburg, where he received an electrical engineering diploma. He also obtained a Bachelor of Arts/Science degree from the Leningrad Mechanical Institute.
Gennady Timchenko Net worth, How much does he earn?
According to Forbes, his estimated fortune is US$11.3 billion, making him Russia’s 6th richest person. However, in 2012 Timchenko’s worth was estimated at $24.61billion.
Gennady Timchenko Wife, What about his relationship?
He is married to Elena and has three children. As of March 2014, Timchenko lives in Moscow, Russia, while his family resides in Switzerland.
We do not have precise information about his social media status. When we receive more detailed information surrounding his social media handles, we will update this section.
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|Net Worth||$11.3 billion|
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|Current Spouse||Elena Timchenko|