Rank #2097
Yuri Kovalchuk & family
Net worth $2.0B
Banking, insurance, media · Russia
- Born
- Jul 25, 1951
- Age
- 74
- Source
- Banking, insurance, media
- Residence
- St. Petersburg
- Citizenship
- Russia
- Marital status
- Married
- Children
- 1
- Education
- Doctorate, St Petersburg State University
Net worth over time
Biography
- Yuri Kovalchuk is friends with Russia's president Vladimir Putin; they met when Putin was deputy mayor of St. Petersburg.
- They both had country houses in the Ozero dacha cooperative, and when Putin became president, many of the cooperative's members' careers improved.
- Kovalchuck is now the largest shareholder of Rossiya Bank and has a large stake in Sogaz insurance company.
- He controls National Media Group, an investment firm with controlling stakes in popular Russian media assets.
- He was sanctioned by the U.S. and the EU in 2014, along with a group of close Putin friends.
- In December 2021 Sogaz bought 45% of MF Technologies, that controls VK, one of the largest internet companies in Russia.
- After US sanctions hit Kovalchuk's Rossiya Bank, Vladimir Putin moved his payroll account to the bank.
- Kovalchuk's son Boris is a former CEO of InterRAO, a large state-owned energy company in Russia. Now he is a chairman of the Accounts Chamber of Russia.