Guennadi Timchenko • Net Worth $20 Billion • House • Yacht • Private Jet

Name:Guennadi Timchenko
Net Worth:$20 billion
Source of Wealth:Gunvor
Born:November 9, 1952
Wife:Elena Timchenko
Children:Xenia Frank, Sergey Timchenko
Private Jet:LX-SIX (Gulfstream G650) (sold)

Introduction to Guennadi Timchenko

Born on November 9, 1952, Guennadi Timchenko is a globally recognized business magnate, best known as the founder of the multinational energy trading company, Gunvor Group. Married to Elena Timchenko, he is also at the helm of the private investment group, Volga Group, further establishing his influence in the business world.

Key Takeaways

  • Guennadi Timchenko, born on November 9, 1952, is an influential business magnate known for founding the multinational energy trading company, Gunvor Group, and the private investment group, Volga.
  • Gunvor, active in petroleum and crude oil trading, was established by Timchenko in 2000 and now boasts annual revenues of over $135 billion. Timchenko sold his 43.5% stake in the company in 2014.
  • Through his investment firm Volga, Timchenko holds shares in natural gas company Novatek, petrochemical company Sibur, railway company Transoil, and Rossiya Bank.
  • Timchenko’s estimated net worth is $20 billion, a testament to his successful business ventures and strategic investments.
  • He is the owner of the LENA yacht, which was seized by the Italian Government.

Gunvor: Pioneering Energy Trading

Gunvor, a pioneering name in the global energy sector, is a testament to Timchenko’s remarkable business acumen. The company, active in the trading of petroleum and crude oil, was brought to life by Timchenko in 2000. Under his leadership, Gunvor skyrocketed to success, reporting annual revenues of more than $135 billion. However, in 2014, Timchenko sold his 43.5% stake in the company to his business partner, Torbjörn Törnqvist, marking a significant shift in Gunvor’s ownership.

Volga: A Diverse Portfolio of Investments

Volga, Timchenko’s private investment firm, represents his strategic interests in a diverse range of industries. Through Volga, Timchenko owns shares in Leonid Mikhelson’s natural gas company Novatek, contributing to his influence in the energy sector. The investment group also holds stakes in the petrochemical company Sibur, the railway company Transoil, and Rossiya Bank, showcasing the broad reach of Timchenko’s business interests.

Assessing Timchenko’s Net Worth

The financial magnitude of Guennadi Timchenko’s operations is reflected in his staggering net worth, which is estimated to be around $20 billion. This substantial wealth stems from his strategic investments and the successful operations of his associated companies in the energy and finance sectors.


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Guennadi Timchenko

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Guennadi Timchenko Yacht

He is the owner of the San Lorenzo yacht LENA. The yacht was frozen in May 2022 by Italian authorities, after Timchenko was put on a European sanctions list.

The LENA yacht, built by San Lorenzo and designed by Francesco Paszkowski in 2010, is an epitome of luxury and superior performance.

Powered by robust MTU engines, LENA boasts a top speed of 28 knots, a cruising speed of 12 knots, and a range of over 3,000 nautical miles.

The yacht offers unrivaled luxury with its ability to accommodate 12 guests and a crew of 16.