Gennady Nikolayevich Timchenko (also spelled Guennadi Timtchenko) (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,[4] and President of the SKA (St. Petersburg) ice hockey club. He is a citizen of Russia, Finland and Armenia.
Early life and education
Gennady Timchenko was born in Leninakan (now Gyumri), Armenian Soviet Socialist Republic (Soviet Union) in 1952. His father was in the Soviet military. He spent 6 years of his childhood (from 1959-1965) in the German Democratic Republic and learnt German. and in the Ukrainian SSR. In 1976 he graduated from the Mechanical Institute of St. Petersburg, then named Leningrad, as an electrical engineer, according to a 2008 interview with the Wall Street Journal.
- Gennady Timchenko has stakes in various Russian businesses including gas company Novatek and petrochemichal producer Sibur Holding.
- One of the most powerful people in Russia, Timchenko has close ties to President Vladimir Putin and, as a result, faced U.S. sanctions in 2014.
- He remains chairman of the Russian national hockey league KHL and is president of the SKA Saint-Petersburg Hockey Club.
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