With fellow Ukrainian billionaire Ihor Kolomoyskyy, Henadiy Boholyubov founded PrivatBank with $1 million in capital in the early 1990s.
Over the years it grew to be a key bank in Ukraine, handling more than a third of private deposits and serving about half the country's population.
In 2016, Ukraine's government nationalized the bank; an investigation indicated large-scale fraud over a period of ten years.
In December 2017, the U.K. froze more than $2.5 billion in assets belonging to Kolomoyskyy and Boholyubov. They denied wrongdoing.
Boholyubov now draws much of his fortune from the Privat Group, a conglomerate that owns interests in petrol stations and oil and gas, among other investments.
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Ukrainian officials searched the home of billionaire Ihor Kolomoyskyy on Wednesday, according to multiple outlets, making the one-time backer of President Volodymyr Zelensky the latest target of a weeks-long crackdown on corruption in Ukraine.
As a continent, Europe defied some of the trend across the rest of the Forbes 2016 Billionaires List: New fortunes were created, though overall net worth fell compared to 2015.
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3. Amancio Ortega Net worth: $57 billion Country: Spain 9. Liliane Bettencourt Net worth: $30 billion Country: France 10. Bernard Arnault Net worth: $29 billion Country: France 12. Stefan Persson Net worth: $28 billion Country: Sweden 18. Karl Albrecht Net worth: $26 billion Country: Germany 23. Michele Ferrero & family Net worth: $20.4 billion Country: Italy 28. Dieter Schwarz Net worth: $19,500.000 Country: Germany 30. Theo Albrecht Jr [...]
The billionaire behind Consolidated Minerals dropped several allegations but continues to claim the investment bank over-billed his mining company after advising him on a deal.