Vadym Novynskyi's Biography

Vadym Novynskyi is a prominent Ukrainian billionaire, businessman, and philanthropist, best known for his influential role in Ukraine’s steel, energy, and banking sectors. Born on June 3, 1963, in Staraya Russa, Russia, Novynskyi later became a Ukrainian citizen and established himself as one of the country’s leading industrial figures. He is the primary owner of Smart-Holding Group, a major conglomerate with stakes in mining, metallurgy, oil & gas, and banking, including the well-known Metinvest and Regal Petroleum. Novynskyi’s first major business success came with his investment and leadership in Metinvest, one of Eastern Europe’s largest steel and mining companies, which propelled him into the ranks of Ukraine’s wealthiest individuals. Novynskyi has also played a significant role in Ukrainian politics, serving as a Member of Parliament. He is recognized for his philanthropic activities, particularly in support of the Ukrainian Orthodox Church and various social projects. Despite his business acumen and charitable work, Novynskyi has faced controversies, including political investigations and sanctions related to alleged pro-Russian affiliations, all of which he has denied. His estimated net worth as of 2024 is $800 million, reflecting the challenges and fluctuations in Ukraine’s business environment. Known for his passion for sailing, art collection, and deep religious interests, Novynskyi often emphasizes that business should serve the greater good of society. His journey from Russian-born engineer to influential Ukrainian business magnate and parliamentarian makes him a uniquely impactful figure in Eastern European industry and public life.