The administration of President
After the elections in Ukraine 2014, as the fifth President of Ukraine Petro Poroshenko has decreased by 40 %. This publication reports Bloomberg.
“The confectionery magnate was stripped of his billionaire status soon after his election as President in June 2014. Net equity Poroshenko has decreased by almost 40% to 705 million dollars”, – says the Bloomberg Billionaires index.
The most valuable asset Poroshenko Roshen Corporation. He founded the company in 1996, combining half a dozen manufacturers of chocolate, biscuits and cakes, and taking the name of the middle letter of his name. He became Ukraine’s largest confectioner and a major business player in the region, with factories in Russia, Lithuania and Hungary.
The volume of production of Roshen, which exceeded 400 tons in 2012, fell by 25% over the next two years after his products were banned in Russia.
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His other assets include a Bank, a television channel, the insurance company and several agricultural and food enterprises.
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During the presidential election campaign in 2014, Poroshenko promised to sell Roshen. Instead, he handed his stake in the company to a blind trust in January of 2016.
In June 2017, the Corporation Roshen completed the process of conservation of the Lipetsk confectionery factory in Russia.