Wealth-X UHNW Valuation Update: New Ukraine President Petro Poroshenko's Net Worth Estimated At US$1.2 Billion - KPTV - FOX 12

Wealth-X UHNW Valuation Update: New Ukraine President Petro Poroshenko's Net Worth Estimated At US$1.2 Billion

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SOURCE Wealth-X

LONDON, May 26, 2014 /PRNewswire/ -- Billionaire businessman Petro Poroshenko – popularly known as the "chocolate king" because he made his fortune in the candy industry – and now new president of Ukraine is worth US$1.2 billion, according to Wealth-X, the world's leading ultra high net worth (UHNW) intelligence and prospecting firm.

The soft-spoken pro-European oligarch, who built his business empire out of the ashes of Ukraine's post-Soviet economy, claimed a commanding victory in Ukraine's presidential election on 25 May 2014.

Final results will not be announced until later on Monday, but runner-up Yulia Tymoshenko, who captured only 13 percent of the vote, made it clear she would concede.

Poroshenko, 48, takes the office once held by pro-Kremlin Viktor Yanukovych, who was ousted in February after anti-government protests. He was the only oligarch to play a prominent role in the protests, standing alongside other protest leaders such as heavyweight boxer Vitaly Klitschko on the Maidan, Kiev's central square.

About Wealth-X

Wealth-X is the world's leading ultra high net worth (UHNW) intelligence and prospecting firm with the largest collection of curated research on UHNW individuals, defined as those with net assets of US$30 million and above. Headquartered in Singapore, Wealth-X has 13 offices on five continents.

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