Rinat Ahmetov 101: Ukrainian Billionaire and Businessman
Zatrun Published at April 28, 2023

Rinat Ahmetov 101: Who is a Ukrainian Billionaire and Businessman? In this article on, we will cover in detail everything you need to know about Rinat Ahmetov, the famous Ukrainian billionaire and businessman that our readers are curious about.

Who is Rinat Ahmetov?

Rinat Leonidovich Ahmetov, a Ukrainian billionaire and businessman, was born on September 21, 1966. Born to a working-class family in Donetsk, Ukrainian SSR, Rinat Ahmetov is an ethnic Volga Tatar and a Sunni Muslim. His father Leonid Akhmetov was a miner, and his mother Nyakiya Nasredinovna worked as a clerk. Rinat Ahmetov received his bachelor’s degree in economics from Donetsk National University in 2001.  Rinat Ahmetov also had an older brother named Igor, who worked as a coal miner but had to resign due to work-related health problems. His brother Igor passed away on January 24, 2021.

He is the founder and chairman of System Capital Management (SCM) and is among the richest men in Ukraine. as of 2022, he is the 687th richest person in the world with an estimated net worth of $4 billion. he is listed as his contact. Rinat Ahmetov is the owner and president of the Ukrainian football club Shakhtar Donetsk. Also, between 2006-2007 and 2007-2012 Rinat Ahmetov was a member of the Verkhovna Rada (parliament) of Ukraine for the Party of Regions.

His Career Life

Rinat Ahmetov’s background, how he acquired his wealth after the Decadence of communism in Ukraine and his activities between 1985 and 1995 remain controversial. Ahmetov claims that he has never received money or assets from anyone. “I made my first million selling coal and coking coal,” he says, adding that he used the money to buy cheap assets that no one wanted. It was a big risk, but it was worth it, he adds.

Some members of the press who had doubts about the source of his money were later forced to apologize and retract their statements. In 2007, the Swiss newspaper Neue Zürcher Zeitung published an article about Rinat Akhmetov’s career in the 1990s. The newspaper later retracted its statements completely, saying that “the source of Ahmetov’s economic power in no way stems from the initial capital he acquired through crime.”

in 2007, the Kyiv Post, an English-language daily newspaper in Ukraine, published an article about Rinat Akhmetov’s business deals. in 2008, the Kyiv Post published an apology: “We have studied the information in detail and have come to the conclusion that the allegations against Mr. Rinat Akhmetov are baseless and unfounded.”

Later, on January 18, 2010, an article written by Ariel Tedrel was published in Le Figaro newspaper with the title “Donetsk, bastion russe en Ukraine” (Donetsk, Russia’s stronghold in Ukraine). On January 28 of the same year, the newspaper published a retraction: “As Figaro, we acknowledge that we have no evidence to support these allegations and apologize to Mr. Rinat Akhmetov for the damages we may have caused him as a result of these events.”

Russia’s Reaction to the Invasion of Ukraine

Paid February 22, 2022 by SCM 1 billion Ukrainian hryvnia tax ahead of due date, the founder of SCM Rinat Akhmetov announced. After the invasion, the aggressor country Russia declared Putin a war criminal and informed that the Azovstal and Mariupol Iron and Steel Factories located in Mariupol will not operate under Russian occupation and will therefore be temporarily closed.

On February 26, Rinat Ahmetov announced that he had sent 600 million Ukrainian hryvnia in aid to Ukraine and that the SCM was carrying out projects to support the Armed Forces of Ukraine, Regional Defense Units and the people. February May 24, 2022 Akhmetov’s companies transferred 2.1 billion Ukrainian hryvnia to support the Ukrainian Armed Forces and Regional Defense Units, which amounts to $ 72 million.

This assistance is provided by the Ahmetov Foundation, all SCM companies and the Shakhtar Sports Club. At the end of May 2022, Rinat Akhmetov allocated 100 million euros in aid to Ukraine. “We are helping the civilian victims of the war, we are providing food and medicine support. Our power transmission line workers, we are bringing a peaceful life to Ukrainian cities and villages, often risking their own lives to restore power. We are helping the Ukrainian army and Regional Defense Units. We work for frontline needs wherever possible. Steel is produced for anti-tank spikes and armored vests in our metallurgical plants.”

According to Forbes, after the Russian invasion of Ukraine in 2022, Rinat Akhmetov’s fortune fell from about $14 billion to less than $6 billion in just two weeks, and this number could be much more. Rinat Akhmetov plans to sue Russia over the fact that the bombing of the iron and steel facilities in Mariupol led to damages ranging from 17 to 20 billion dollars.

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