Gennady Timchenko's Biography

Gennady Timchenko is a prominent Russian billionaire businessman and investor, best known for his influential role in the global energy sector. Born on November 9, 1952, in the Soviet Union, Timchenko is a co-founder of Gunvor Group, one of the world's largest independent oil trading companies, and the founder of Volga Group, a private investment firm with significant stakes in energy, infrastructure, and transport assets. With close ties to Russian President Vladimir Putin, Timchenko has been regarded as a key figure in Russia’s business elite. Over the years, his business acumen and strategic investments have earned him a spot among the wealthiest people in Russia and the world, with an estimated net worth of $21 billion as of 2024. He is recognized for his philanthropic activities, especially in the development of Russian ice hockey and cultural initiatives. Despite facing international sanctions and controversies due to his political connections, Timchenko continues to wield considerable economic influence. Outside of business, he enjoys collecting art and supporting sports, notably as a major patron of Russian hockey. His career exemplifies the intersection of business success and geopolitical dynamics in modern Russia.