As Ukraine Gets Poorer, President’s Wealth Grows

‘The value of Ukrainian President Petro Poroshenko’s assets soared despite economic crisis and conflict while those of other tycoons shrank in an annual wealth list published Friday.

The 50-year-old Western-backed president’s business empire ranges from chocolates to media holdings that still remain under his control.

Friday’s independent Novoye Vremya weekly showed the Ukrainian leader – often criticised for failing to curb the political powers of fellow tycoons – ranked as the country’s sixth-richest man.

His assets reportedly rose by 20 percent to $979 million (889 million euros) – barely supporting his claim of no longer being a billionaire.’

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