One in five business leaders in Ukraine earns over 10 million UAH
There are currently 74,000 business leaders in Ukraine who earn over 10 million UAH annually and file their financial reports on time. The vast majority of them—72%—are men. Rinat Akhmetov, Vitaliy Antonov, and Andriy Verevskyi made it into the top three richest businessmen in Ukraine. Nearly a quarter of the businessmen are registered in Kyiv.
There are currently 74,000 businesspeople in Ukraine whose companies generate between 10 million UAH and 100 million UAH in revenue. This represents one-fifth of all company owners who submitted annual reports—360,000 businesspeople. Only 28% of the businesspeople on the list are women.
Follow the leaders on the Ukrainian Businessmen Ranking page. If you are a company owner and your business submits financial reports on time and regularly—look for yourself on the list.
Over the year, the ranking grew: 9,122 participants dropped out, while 15,450 were added. The net increase in the ranking was 6,328 businesspeople. Positions have also changed; only 21 participants retained their spots. Meanwhile, 37% of businesspeople rose in the ranking, while 42% lost ground.
Nearly a quarter of all businesspeople are registered in Kyiv—16,230. Dnipropetrovsk Oblast follows (7,204 businesspeople) and Lviv Oblast (5,878). Together, these three regions account for about 40% of the top tier.
Most operate in the “mid-tier” segment of big business: 79% have revenues ranging from 10 to 100 million UAH. Another 19% generate between 100 million and 1 billion UAH, and only 2% are true giants with a turnover exceeding 1 billion UAH.
The “entry threshold” for the country’s 100 richest businesspeople rose to 9.96 billion UAH in 2025. This is 11% higher than in 2024. To make it into the top 1,000, a company must have at least 1.5 billion UAH in revenue.
Since the publication of the 2025 Businessmen Ranking, changes have occurred in the list—in particular, due to updated financial statements. Consequently, the top ten has been updated.
As of now, taking into account the updated financial statements, the top 10 businessmen of 2026 look like this:
Rinat Akhmetov remains the undisputed leader with corporate revenue exceeding 843 billion UAH. Second and third places are held by Vitaliy Antonov (164 billion UAH) and Andriy Verevskyi (149.7 billion UAH). The top ten also includes Yuriy Kosyuk, Volodymyr Kostelman, Oleksiy Poroshenko, and Dmytro Firtash. The only woman in the top 10 is Svitlana Ivakhiv, who rounds out the top 10 with revenue of approximately 46.9 billion UAH.
69 of the top 100 business owners are registered in Ukraine. The list also includes representatives from Cyprus (7%), the U.S. and the U.K. (5% each), Switzerland (4%), and other countries, including the UAE, Germany, and Monaco.
An income of 10+ million UAH was chosen as the threshold for the ranking. This is precisely the threshold above which the single tax no longer applies and the line beyond which a venture begins to qualify as a business—with corporate structuring, reporting, and all applicable taxes. The list may change as financial reports are updated.
https://opendatabot.ua/analytics/businessmen-2026
Moldovan President Maia Sandu signed a decree on Friday appointing economist and entrepreneur Alexander Munteanu as prime minister after her party won last month’s parliamentary elections.
The decree was published on the Moldovan president’s website.
“I wish him success in forming a government that will gain the trust of parliament and meet the most important expectations of citizens: protecting peace, preparing the country for EU accession, strengthening the economy, and improving people’s living standards,” the head of state said.
According to the document, “the designated candidate must present to parliament a team and a management program in order to obtain a vote of confidence and invest the new government of the Republic of Moldova.”
According to the Moldovan publication Point, Sandu signed the decree after consultations with the Action and Solidarity Party (PAS).
It is noted that Munteanu is an economist, professor, and entrepreneur with 25 years of experience in international investment.
According to open sources, Munteanu lived in Ukraine for 20 years. He is 61 years old. He calls himself “an American of Moldovan origin” and has not previously been involved in politics. He is a successful businessman, founder of the investment company 4i Capital Partners, operating in Moldova, Ukraine, and Belarus, and has experience working for companies such as WNISEF/Horizon Capital and Dragon Capital.
Moldova is a unitary parliamentary republic.
Ukrainian businessmen and representatives of the diaspora will remain the main investors in the Ukrainian hotel market in 2023–2025, according to Apartel Resorts partner Yevgeny Kudryavchenko in an interview with Interfax-Ukraine.
“We are seeing activity from local entrepreneurs who are looking for long-term investment opportunities. At the same time, Ukrainians who work abroad and want to invest in their homeland are increasingly showing interest. Foreign funds are still taking a wait-and-see approach, but interest in the segment has already emerged,” he said.
According to the expert, in the coming years, we can expect a gradual expansion of the circle of investors, including foreign development companies and real estate funds.
Apartel resorts is a development company specializing in apart-hotel and hotel real estate projects in Ukraine.
Starting in November 2025, Uzbekistan will launch the Heritage Hotels of Uzbekistan program, which will allow businesspeople to take long-term leases on cultural heritage sites. They will restore the buildings and create boutique hotels in them.
The transfer of sites is planned under a public-private partnership. Restoration will be carried out using public and private funds.
It is noted that the state will help promote boutique hotels and create a number of benefits for program participants. In particular, they will receive preferences on income, land, and property taxes, as well as customs duties.
According to the document, some facilities will be open at night, with new 24-hour tourist streets featuring entertainment and service establishments. To this end, the Cabinet of Ministers will prepare a project for the development of territories to stimulate the “night” economy.
Businessman Vyacheslav Mishalov, who has significant assets in several sectors, mainly concentrated in the Dnipro region, is refraining from investing in Ukrainian real estate until values in this market are reassessed, he said in an interview with the Interfax-Ukraine news agency.
“I am not a fan of construction or the construction business because real estate prices in Ukraine are not high enough to make it a good business. Accordingly, you either have to build poorly or sell at high prices. I don’t like this format,” he said.
Mishalov added that he does not see much success among the few developers who are trying to build high-quality properties and sell them at high prices.
“There are no new construction projects, and I don’t think there will be any in the near future. While there is still some movement in Kyiv, in Dnipro I see several developers just finishing construction and fulfilling their obligations. With that level of cost, it is not interesting to me as an investor,” the businessman said.
According to his assessment, there was a surge in western Ukraine, but it was very short-lived: those who managed to get out of there with their money were lucky, while the rest will remain there with significant losses.
“I live in Dnipro, which has been hit hard throughout the war, but I have no intention of buying real estate in western Ukraine. For many reasons. I believe that it is overvalued today. And as soon as there is some prospect of stability, it will turn to rubble. So it’s not an asset, it’s some kind of psychopathy,” Mishalov believes.
According to him, it probably makes sense to invest money in some real estate in western Ukraine if you plan to move there. “But there is no quality real estate there, and there are no plans to build any, because everyone was chasing hype and speed — to get money from potential clients as quickly as possible. It’s not quality construction,” he added.
The investor noted that when he was choosing where to buy an apartment in Dnipro and Kyiv, there were literally only a few buildings that were well-designed and built.
“There needs to be a major revaluation of values in the real estate sector. Construction must begin in accordance with existing building codes,” Mishalov emphasized.
At the same time, he said that he has a project to restore the facade of a historic building in the center of Kyiv, on which he wants to spend “tens of millions of hryvnias.” According to the businessman, he was “in a good mood” after talking with the first deputy head of the State Architectural and Construction Inspection, Iryna Gioane, who on her own initiative welcomed the company’s initiative.
“We have been given permission to restore the building. We will try to finish everything beautifully by late autumn—restoring it as it was designed 100 years ago,” Mishalov said.
He added that the company had been trying to obtain this permit for a year and a half, even though there is little demand for restorers in the country, with only two teams remaining: one in Kyiv and one in Odesa.
He also clarified that his businesses operate separately from those of his father, Dmitry Mishalov, also a well-known Dnipro businessman and developer (Master Group).
As the businessman said in an interview, all his assets are already quite well structured and managed through the closed non-diversified venture corporate investment fund Fortress.
Mishalov’s investments include the financial company Ye Groshi, the provider Fregat, the Lotus network of four gas stations in Dnipro and Novomoskovsk, the petroleum products trader Lotus Oil Trading, an IT division, and the news portal Informator.
The fund, in turn, is managed by the asset management company MPSS LLC from Dnipro, owned by Serhiy Shishkin (50%), Ihor Sukhodolsky (41%), and Olga Mukhina (9%).
“I don’t have my own asset management company; I manage everything through the fund as much as possible. In my opinion, today it is one of the best tools for ownership and management, including financial flows,” Mishalov emphasized.
Source: https://interfax.com.ua/
Australian businessman, head of investment company Tattarang and Fortescue Metals Andrew Forrest will invest $ 500 million in the Development Fund for Ukraine UDF, created together with the investment company BlackRock, said the Ministry of Economy of Ukraine from the Conference on Reconstruction in London.
According to a release on its website, Forrest will be a strategic advisor on the creation of UDF and its investment groups – green strategic metals, green iron, green hydrogen and green electricity – and will serve on an advisory panel for the Ukrainian government.
Forrest, in turn, speaking at the conference, urged other global investors to see Ukraine as an excellent long-term investment opportunity.
It is specified that the idea of UDF was conceived and developed by Forrest and inspired by the World War II Marshall Plan, and back in March 2022 he approached Larry Fink, head of BlackRock, to get advisory support for the creation of the investment vehicle.
His plans to be an anchor investor and invest $500 million in a green energy fund first became publicly known in November 2022.
In May 2023, the Ministry of Economy of Ukraine announced the appointment of BlackRock FMA as a consultant on the design of the Ukraine Development Fund.
“We should not seek to rebuild what Ukraine was with its outdated Soviet-era infrastructure…We will build a future that is digital, green, fair and free of corruption,” Forrest said at the conference.
The press release notes that Forrests Minderoo Foundation has already contributed millions of dollars to help the Ukrainian people, including funding the first humanitarian grain shipment from Ukraine in August and providing critical storage facilities for farmers whose crops would otherwise have died. In addition, 180 generators were provided to provide power.
