Poroshenko poorer during the presidency


www.vsyako.netPhoto: RIA Novosti

The former President of Ukraine Petro Poroshenko shortly after his election to the presidency has lost the status of a billionaire. His net worth dropped by almost 40 percent to 705 million dollars. About it writes Bloomberg.

The most expensive asset Poroshenko Roshen confectionery Corporation, founded in 1996. It has become the largest confectionery manufacturer in Ukraine and one of the largest in Eastern Europe with factories in Russia, Lithuania and Hungary. The volume of production of Roshen, formed in 2012, 400 thousand tons, fell by 25 percent over the next two years after the company’s products has been banned in Russia.

During his election campaign, Poroshenko promised to sell Roshen, but instead, in 2016, has transferred its interest in the trust. Poroshenko also owns a Bank, a TV station, insurance company, several agricultural and food enterprises.

Petro Poroshenko became President of Ukraine in 2014 and became the fifth head of state. In 2019 during the next presidential election, he lost the race to Vladimir Zelensky, who won the second round about 73 percent of the vote. Monday, may 20, has been inaugurated.

Video, photo All from Russia.


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