Gennady Timchenko is a Russian businessman and oil-trading entrepreneur that generated his massive wealth through successful energy, transportation, and oil-trading investments. Timchenko dropped from being listed 61st on Forbes’ list of billionaires in 2014 to 118th in the world in 2015.
Timchenko is a citizen of both Russia and Finland, but he spent a large part of his childhood in the German Democratic Republic. His ability to fluently speak German granted him the opportunity to work at a young age as a power generator manufacturer in the trade department that was operated by the Russian government. He progressed in the industry and moved quickly up the corporate ladder. By 1991, he decided to leave Russia for Finland and work for a Finland-based company, Urals Finland Oy, which specialized in importing oil from Russia to Europe. Timchenko then decided to become a citizen of Finland and get involved in a number of other industries and businesses. He founded the Volga Group to manage his wide-range of investments and interests.
Gennady Timchenko is also an avid lover of sports. He spends his time playing tennis and chess, while also being a fan of ice hockey. He currently sits as Chairman of the Board of Directors of Russia’s national hockey league, KHL and also serves as president of the SKA Saint-Petersburg Hockey Club.
Timchenko is currently being investigated for his involvement in a money laundering scheme by U.S. prosecutors.