Staraya Russa, Russia
|Other names||Vadim Novinsky|
|🏫 Education||Engineering Management Systems|
|🎓 Alma mater||Saint-Petersburg State University of Civil Aviation|
|🏢 Organization||Smart Holding Group|
|💰 Net worth||$1.9 billion|
|🏛️ Political party||Party of Regions|
A Ukrainian businessman and politician, Vadym Novynskyi co-owns Smart Holding Group along with Andrei Klyamko. Vadym Novynskyi is one of the wealthiest people alive according to Forbes magazine. Estimating his net worth at $1.2 billion, Forbes magazine ranked him 2190th on its 2022 list of the richest individuals in the world.
Early life and education
Vadym Novynskyi was born in 1963 in the Novgorod Oblast region town of Staraya, Russia. He studied engineering management systems at the Saint Petersburg State University of Civil Aviation, ultimately securing his Master of Science in 1985.
After working with various companies in Russia, Vadym Novynskyi relocated to Ukraine in 1996 as a senior executive with the major Russian oil producer Lukoil. Establishing a strong presence in the Ukrainian natural resources sector, he began purchasing a portfolio of profitable metallurgy companies.
In 2006, he and his colleague Andrei Klyamko decided to merge their Ukrainian metallurgy companies into a single entity called the Smart Holding Group. The very next year, they exchanged these interests for nearly a 24% stake in the leading global iron ore producer Metinvest. In addition to maintaining its ownership in Metinvest, the Smart Holding Group of today controls sizable assets that span the petroleum, development, agriculture, and shipbuilding sectors.
In his leadership role at Smart Holding Group, Vadym Novynskyi strategically oversees the operational and business management of steel and ferrous mining and processing in Ukraine. He also holds financial interest in the oil and gas company Regal Petroleum and the Ukrainian supermarket chain Amstor.
Vadym Novynskyi first rose to prominence in the public sphere in 2009, when he received a 3rd Class Order of Merit from the Ukrainian federal government. This honor is bestowed on people who have made outstanding contributions to Ukrainian economics, military, culture, science, or politics.
As a politician, Vadym Novynskyi has twice won election to the Ukrainian Parliament. In 2013, he secured victory by a margin of 53.41% to represent Constituency 224 in the Crimean Peninsula city of Sevastopol. Although he ran as an independent, he promised to join the Party of Regions if he won.
After serving a year as a member of the Party of Regions, Vadym Novynskyi faced re-election in 2014. Placing 11th on the Opposition Bloc electoral list, he retained his place in the Ukrainian Parliament for another term.
Today, Vadym Novynskyi is a People’s Deputy of Ukraine who holds no specific political party affiliation. In this role, he has authored or co-authored more than 100 draft laws with particular concentrations on establishing infrastructure, spurring economic development, aiding internally displaced people, and protecting religious rights.
Beyond his good work through the government, Vadym Novynskyi has a history of support for a range of charitable initiatives that both preserve the cultural heritage of Ukraine and provide critical aid to Ukrainian citizens. His private Vadym Novynskyi Foundation spearheads efforts in areas that range from healthcare and family support to the restoration and preservation of historical landmarks.
By order of President Viktor Yanukovych, Vadym Novynskyi was granted Ukrainian citizenship "for distinguished services to the country” on May 29, 2012. He currently lives in the Ukrainian capital city of Kyiv, but he also owns a residence in Saint Petersburg, Russia. A married man, he is the father of four children.
Vadym Novynskyi is a devoted member of the Ukrainian Orthodox Church (UOC) who holds a UOC Chest Cross of the Holy Apostle and Evangelist Mark. He has also gained admittance to both the Order of the UOC “The Nativity of Christ” and the Order of the Holy Sepulchre.