
Petro Poroshenko
President of Ukraine from 2014 to 2019
Petro Oleksiiovych Poroshenko (born 26 September 1965) is a Ukrainian politician, oligarch, and former bureaucrat who served as the fifth president of Ukraine from 2014 to 2019. He served as the Minister of Foreign Affairs from 2009 to 2010, and as the Minister of Trade and Economic Development in 2012.2
From Wikipedia’s article on Petro Poroshenko (this version), CC BY-SA 4.0.
Born Sep 26, 1965.1
Net worth $1.6B (as of 2021, per Forbes).32 Richest people
About
From 2007 until 2012, he headed the Council of Ukraine's National Bank. He was elected president in 2014 in a landslide, avoiding the second round of voting by winning 55.46% in the first round.
During his presidency, Poroshenko led the country through the first phase of the war in Donbas, recovering most of the Donbas Region from the Russian separatist forces. In September 2014 and February 2015, Poroshenko would sign the Minsk Agreements effectively freezing the frontlines and greatly reducing casualties in the ongoing war. He also began the process of re-building the Ukrainian military which was largely dismantled during Yanukovych's presidency, a re-militarization which would continue under Zelenskyy's presidency. A staunch proponent of Ukraine's EU ascension, Poroshenko began the process of integration with the European Union by signing the European Union–Ukraine Association Agreement in June 2014. He also signed a visa-free travel agreement with the European Union in June 2017, and re-oriented national trade towards the EU.
In terms of domestic policy, Poroshenko promoted the Ukrainian language, nationalism, inclusive capitalism, decommunization, and administrative decentralization. In 2018, Poroshenko helped create the autocephalous Orthodox Church of Ukraine, separating Ukrainian churches from the Moscow Patriarchate. His presidency was distilled into a three-word slogan, employed by both supporters and opponents: armiia, mova, vira (English: military, language, faith). As a candidate for a second term in 2019, Poroshenko was defeated by Volodymyr Zelenskyy.
Poroshenko is a people's deputy of the Verkhovna Rada (Ukraine's unicameral parliament) and leader of the European Solidarity party. Outside government, Poroshenko has been a prominent Ukrainian oligarch with a career in acquiring and building assets. His most recognized brands are Roshen, a large-scale confectionery company which has earned him the nickname of "Chocolate King", and his TV news channel 5 Kanal, which he was forced to sell to comply with anti-oligarch legislation in November 2021. He is considered an oligarch due to the scale of his business holdings in manufacturing, agriculture and finance, his political influence from several stints in government prior to his presidency, and his ownership of an influential mass-media outlet.
From Wikipedia’s article on Petro Poroshenko, shared under CC BY-SA 4.0.2
Companies
- ПАТ ЗНКІФ «Прайм Ессетс Кепітал»Founder29
- RoshenFounder30
Early life and education
- 1982 to 1989Institute of International Relations of Taras Ševčenko National University of Kjiv Bachelor of Economics; international law, international relations3
Petro Poroshenko was born on 26 September 1965, into an ethnic Ukrainian family in Bolhrad, a primarily Bulgarian town in Ukraine's southwestern Odesa Oblast. Poroshenko's father, Oleksiy Poroshenko (1936–2020), was born in the village of Safiany near Izmail, which at the time belonged to Romania, and worked as an engineer and later a government official who managed multiple factories in the Ukrainian SSR. According to Poroshenko, his father's family stemmed from the Danube Cossacks. Little is known about his mother, Yevhenia Serhiyivna Hryhorchuk (1937–2004), but a Ukrainian newspaper said she was an accountant, who taught at a vocational and technical school of accounting. Poroshenko spent his childhood and youth in Tighina (Moldavian Soviet Socialist Republic, now known as Bender and under de facto control of the unrecognized breakaway state Transnistria), where his father Oleksii was heading a machine building plant and where he learned Romanian.
In his youth, Poroshenko practiced judo and sambo, and was a Candidate for Master of Sport of the USSR. Despite good grades, he was not awarded the normal gold medal at graduation, and on his report card he was given a "C" for his behavior. After getting into a fight with four Soviet Army cadets at the military commissariat, he was sent to army service in the distant Kazakh Soviet Socialist Republic.
In 1989, Poroshenko graduated, having begun studying in 1982, with a degree in economics from the international relations and law department (subsequently the Institute of International Relations) at the Kyiv University. At this university he was friends with Mikheil Saakashvili, whom he would appoint as Governor of the Odesa Oblast (region) in May 2015, and who is a former president of Georgia.
In 1984, Poroshenko married a medical student, Maryna Perevedentseva (born 1962). Their first son, Oleksiy, was born in 1985 (his three other children were born in 2000 and 2001).
From 1989 to 1992, Poroshenko was an assistant at the university's international economic relations department. While still a student, he founded a legal advisory firm mediating the negotiation of contracts in foreign trade, and then he undertook the negotiations himself, starting to supply cocoa beans to the Soviet chocolate industry in 1991. At the same time, he was deputy director of the 'Republic' Union of Small Businesses and Entrepreneurs, and the CEO of "Exchange House Ukraine".
Poroshenko's brother, Mykhailo, older by eight years, died in a 1997 car crash under mysterious circumstances.
From Wikipedia’s article on Petro Poroshenko (this version), CC BY-SA 4.0.
Career
Occupation: politician, economist, businessperson, entrepreneur, diplomat.14
- Since 2019People's Deputy of Ukraine7
- 2014 to 2019President of Ukraine7
- 2012 to 2014People's Deputy of Ukraine7 12
- 2009 to 2010Ukrainian Minister of Foreign Affairs7
- 2006 to 2007People's Deputy of Ukraine7 11
- 2005Secretary of National Security and Defense Council of Ukraine7
- 2005Chair, National Security and Defence Council of Ukraine13
- 2002 to 2005People's Deputy of Ukraine7 10
- 2001 to 2005Substitute member of the Parliamentary Assembly of the Council of Europe7 9
- 1998 to 2002People's Deputy of Ukraine7 8
- Date not recordedFounded Roshen4
- Date not recordedFounded Party of Regions5
- Date not recordedFounded European Solidarity6
- Date not recordedLeader of the opposition7
In 1993, Poroshenko, together with his father Oleksii and colleagues from the Road Traffic Institute in Kyiv, created the UkrPromInvest Ukrainian Industry and Investment Company, which specialized in the confectionery and automotive industries (as well as in other agricultural processing later on). Poroshenko was director-general of the company from its founding until 1998, when in connection with his entry into parliament he handed the title over to his father, while retaining the title of honorary president.
Between 1996 and 1998, UkrPromInvest acquired control over several state-owned confectionery enterprises, which were combined into the Roshen group in 1996, creating the largest confectionery manufacturing operation in Ukraine. His business success in this industry earned him the nickname "Chocolate King". Poroshenko's business empire also includes several car and bus factories, Kuznia na Rybalskomu shipyard, the 5 Kanal television channel, as well as other businesses in Ukraine.
Although not the most prominent in the list of his business holdings, the assets that drew much recent media attention, and often controversy, are the confectionery factory in Lipetsk, Russia, that became controversial due to the Russo-Ukrainian war, the Sevastopol Marine Plant (Sevmorzavod) that has been confiscated after the 2014 Russian forcible annexation of Crimea and the media outlet 5 kanal, particularly because of Poroshenko's repeated refusal to sell an influential media asset following his accession to presidency.
According to Poroshenko (and Rothschild Wealth Management & Trust) since becoming President of Ukraine he has relinquished the management of his businesses, ultimately (in January 2016) to a blind trust.
Read more
Billionaires lists rankings
In March 2012, Forbes placed him on the Forbes list of billionaires at 1,153rd place, with US$1 billion. As of May 2015, Poroshenko's net worth was about US$720 million (Bloomberg estimate), losing 25 percent of his wealth because of Russia's ban of Roshen products and the state of the Ukrainian economy.
According to the annual ranking of the richest people in Ukraine, published in October 2015 by the Ukrainian journal Novoye Vremya and conducted jointly with Dragon Capital, a leading investment company in Ukraine, president Poroshenko was found to be the only one from the top ten list whose asset value grew since the previous year's ranking. The estimate of his assets was set at US$979 million, a 20% growth, and his ranking increased from 9th to 6th wealthiest person in Ukraine. The article observed that Poroshenko remained one of the only two European leaders who owned a business empire of such scale, with Silvio Berlusconi of Italy being the other.
A total of €450 million is kept in an Amsterdam-based company registered in Cyprus, as a result of which his effective tax rate is 5% rather than the statutory tax rate of 18% in Ukraine. The company is probably to be worth much more, as the annual accounts published by the Dutch Chamber of Commerce only contain the book value of the shares, which is very likely to be lower than the market value. After his election, Poroshenko lost the billionaire status as his net worth dropped by 40% to reach $705 million.
Following the 2014 elections, Poroshenko sold his stake in Roshen. The Kyiv Post reported that Makar Paseniuk, managing director of Investment Capital Ukraine, was hired by Poroshenko to act as his personal advisor and oversee the sale of the company.
Associated businesses
A number of businesses were once part of the Ukrprominvest which Poroshenko headed in 1993–1998. The investment group was dissolved in April 2012. Poroshenko has stated that upon beginning his political activity he passed on his holdings to a trust fund.
Bogdan group (Poroshenko sold his share in 2009 due to the collapse of its production after the 2008 financial crisis), centered in Cherkasy
Roshen group
5 Kanal and Priamyi television channels (he denies property relations with Priamyi)
Kuznia na Rybalskomu shipyard in Kyiv
International Invest Bank, owned through a trust and along with Ihor Kononenko
Ukrprominvest-Agro, an agrarian holding
Zoria Podillia, an agrarian company near Haisyn, specializing in sugar production from sugar beets
Podillia
MAS-Agro
Ahrofirma "Dniproahrolan"
Ahrofirma "Ivankivtsi"
Sevastopol Shipyard (lost in 2015 due to a corporate raid by the Russian occupational authorities in Crimea)
From Wikipedia’s article on Petro Poroshenko (this version), CC BY-SA 4.0.
Personal life
- BornSep 26, 1965, Bolhrad15
- CitizenshipSoviet Union, Ukraine16
- ResidenceKyiv17
- SpouseMaryna Poroshenko married 198418
Religion
Under Poroshenko the autocephalous Orthodox Church of Ukraine was created by the merging of the UOC-KP and the UAOC, and two members of the UOC-MP in a unification council which also elected Epiphanius as its first primate. The 11 October 2018 announcement by the Ecumenical Patriarchate of Constantinople that it would, among other things, grant autocephaly to a Ukrainian church is one of the reasons which created the Moscow–Constantinople schism when the Moscow Patriarchate severed full communion with the Ecumenical Patriarchate on 15 October 2018.
Poroshenko has been married to Maryna Perevedentseva, a cardiologist, since 1984. The couple have four children together: Oleksii (born 1985), twins Yevheniia and Oleksandra (born 2000) and Mykhailo (born 2001). Oleksii was a representative in the regional parliament of Vinnytsia Oblast. In November 2014, he became a People's Deputy of Ukraine with 64.04% of votes in constituency No.12. Poroshenko became a grandfather on the day of his presidential inauguration, 7 June 2014.
His wife is actively involved in the activities of the Petro Poroshenko Charity Foundation.
Poroshenko is a member of the Ukrainian Orthodox Church. Poroshenko has financed the restoration of its buildings and monasteries. In high-level meetings he is often seen with a crucifix.
In addition to his native language, Ukrainian, Poroshenko is fluent in Russian, English, and Romanian.
Poroshenko is diabetic.
From Wikipedia’s article on Petro Poroshenko (this version), CC BY-SA 4.0.
Politics
Early political career
Poroshenko first won a seat in the Verkhovna Rada (the Ukrainian Parliament) in 1998 for the 12th single-mandate constituency. He was initially a member of the United Social Democratic Party of Ukraine (SDPU), the party led by Viktor Medvedchuk and loyal to president Leonid Kuchma at the time. Poroshenko left SDPU(o) in 2000 to create an independent left-of-center faction and then a party, naming it Party of Ukraine's Solidarity (PSU). In 2001 Poroshenko was instrumental in creating the Party of Regions, also loyal to Kuchma; the Party of Ukraine's Solidarity having merged into the Party of Regions, Poroshenko launched a new party with a similar name, the party "Solidarity".
Cultural and political image
Poroshenko has been nicknamed the "Chocolate King" because of his ownership of Roshen. Poroshenko has objected to being called an oligarch, saying: "Oligarchs are people who seek power in order to further enrich themselves. But I have long fought against bandits who are robbing our country and have destroyed free enterprise."
After promising in his election campaign to sell his business assets when elected as the president of Ukraine, according to Poroshenko and Rothschild Wealth Management & Trust, after becoming President of Ukraine, he relinquished the management of his businesses, ultimately (in January 2016) to a blind trust.
Read more
Potential implementation of martial law
During his speeches Poroshenko on numerous occasions called the war in East Ukraine a "Patriotic War", yet did not initiate implementation of martial law, for which he was criticized on numerous occasions by politicians and the general public. Poroshenko said it was necessary to realize the consequences of martial law for the country:
It would restrict the supply of weaponry and items of dual assignment;
The IMF does not provide funds to countries that are at war.
A month later, the second statement was refuted by a head of the IMF's Ukrainian branch, Jerome Vacher, "As for the possible introduction of martial law, the IMF has no formal legal restrictions that impede continuation of mutual cooperation under such conditions. We have already worked with a number of countries where war conflicts of various intensity unfolded."
On 5 February 2015, in his interview with the Spanish El País newspaper, Poroshenko stated that he would introduce martial law in the event of an escalation of the situation in Donbas, but that such a decision would limit democracy and civil liberties, as well as threaten the development of the economy.
Martial law in Ukraine was introduced for 30 days in late November 2018, after the Kerch Strait incident.
Connections with Dmytro Firtash
In April 2015, Ukrainian oligarch Dmytro Firtash at a court session about his extradition to the United States stated that at the Ukrainian presidential election he financially supported Poroshenko, and Vitali Klitchko in the Kyiv city mayoral election.
Mikheil Saakashvili
On 29 May 2015, Poroshenko invited former president of Georgia and his friend Mikheil Saakashvili to help with conducting reforms in Ukraine and granted him Ukrainian citizenship. The very next day after he became a citizen, on 30 May 2015, Saakashvili was appointed by the president as head (governor) of the Odesa Regional State Administration (see Governor of Odesa Oblast).
On 26 July 2017 Poroshenko issued a decree stripping Saakashvili of his Ukrainian citizenship, without providing any reason. According to The Economist, most observers saw Poroshenko's stripping Saakashvili of his citizenship "simply as the sidelining of a political rival" (Saakashvili started a political party Movement of New Forces to participate in upcoming elections).
New year vacationing in 2018
In January 2018, journalists from Radio Free Europe reported that for Poroshenko's New Year's vacation starting 1 January 2018 in the Maldives, ten people who spent $500,000 to rent separate islands and the most expensive hotel in the country. On 30 March 2018, Poroshenko submitted his income declaration. Poroshenko declared that he spent between 1.3 and 1.4 million UAH on this vacation—half what journalists had reported (some details about the president's vacation were classified).
From Wikipedia’s article on Petro Poroshenko (this version), CC BY-SA 4.0.
Legal issues and controversies
Criminal case
On 20 December 2021, Poroshenko was accused of state treason, aiding terrorist organizations and financing terrorism due to allegedly organizing the purchase of coal from separatist-controlled areas of Ukraine together with pro-Russian politician Viktor Medvedchuk. If convicted, he faces up to 15 years in prison. Poroshenko denied the allegations, calling them "fabricated, politically motivated, and black PR directed against [Zelenskyy's] political opponents". On 6 January 2022, a Ukrainian court seized Poroshenko's property. On 15 January 2022, Poroshenko announced via a video message on Facebook: "I am returning to Ukraine on a flight from Warsaw at 09:10 a.m. on January 17... to defend Ukraine from Russian aggression", despite the case against him.
Following his return to Ukraine, the prosecutor's office asked a court to either remand Poroshenko in pre-trial detention for two months, or oblige him to pay bail of ₴1 billion (US$37 million), wear an electronic bracelet, remain in Kyiv, and hand over his passport. The court chose a third option ('personal commitment'), which is less strict than house arrest and doesn't involve paying bail. According to this commitment, Poroshenko has to submit his passport to the authorities, not leave Kyiv or the Kyiv Oblast without first receiving permission from the court or the prosecutors office, and inform the authorities if his place of employment or residence change.
From Wikipedia’s article on Petro Poroshenko (this version), CC BY-SA 4.0.
Awards
- 2016Decoration for Exceptional Merits19 23
- 2014Global Citizen Awards19 22
- 2010Grand Cross of the Order of Civil Merit19 21
- Date not recordedHonored Economist of Ukraine19
- Date not recordedKing Abdulaziz Medal19 20
- Date not recordedNational Maltese Order of Merit19
- Date not recordedOrder of Civil Merit19
- Date not recordedOrder of Merit (Ukraine), 2nd class19
- Date not recordedOrder of Merit (Ukraine), 3rd class19
- Date not recordedOrder of Merit19
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataPetro Poroshenko on Wikidata
- 2WikipediaPetro Poroshenko on Wikipedia
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- 20Wikidataaward, as reported
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- 24WikidataPetro Poroshenko: X, on Wikidata
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- 30WikidataRoshen, Founder
- 31Wikimedia CommonsPetro Poroshenko photo by http://www.president.gov.ua/, CC BY 4.0
- 32WikidataNet worth