Stepan Chernovetskyi
Stepan Chernovetskyi (born 28 October 1978) is Ukrainian businessman, investor, founder of "Chernovetskyi Investment Group" (CIG). In May 2006, he became the president of the Supervisory Board of Pravex Bank. The shareholders decided to sell the bank in 2007. Stepan Chernovetskyi negotiated the deal with an Italian banking group Intesa Sanpaolo. In February 2008, Pravex Bank was sold for $750 million. Business. In Forbes Ukraine's Top 100 Wealthiest Businessmen, Stepan Chernovetskyi ranks 21st, with a fortune of $390 million. In the Top 100 Wealthiest Ukrainians published by Novoye Vremya, he ranks – 30th, with an estimated  fortune of $265 million. Korrespondent magazine in its ranking Wealthies 2020, estimated the wealth of Stepan Chernovetskyi at $125 million. Elite Boxing Promotion. Оwner of "Elite Boxing Promotion", a company which organizes boxing tournaments and engages in the development of boxing in Ukraine. Their leading boxer Victor Postol is an ex-WBC light-welterweight world champion. Chernovetskyi Investment Group (CIG). Stepan Chernovetskyi is the owner and president of Chernovetskyi Investment Group (CIG), a company founded in 2013 specializing in the investments in IT-projects, e-commerce, infrastructure, healthcare, agricultural sector. As of September 2018, CIG is one of  the largest investment companies in Eastern Europe with an investment potential of over $100 million. "СIG’s goal is to contribute to the creation of the technological world. We are looking for the new projects that can significantly change the situation in the areas of infrastructure, healthcare, and agriculture. We are looking for people who are ready to work on the projects that are changing our lives," says Stepan Chernovetskyi. According to Stepan, the opportunities that Ukraine offers in the technological sector are underestimated. The company has more than 30 projects in seven countries. The fund's portfolio includes  Ukrainian IT companies Doc.ua, Softcube and Zakaz.ua. In 2017, CIG invested in InnerChef (India), a delivery service of ready meals, and in a startup Kray Technologies (Ukraine), a manufacturer of industrial drones for agricultural enterprises. A significant part of CIG's investments is concentrated in Ukraine. Chernovetskyi declares his devotion to the so-called "IT-patriotism": "My fund and I are contributing to the development of the IT and technological sectors in Ukraine. I want the best Ukrainian talents to stay in Ukraine, transform their ideas into businesses and manage them from Ukraine». In Forbes Ukraine’s ranking “10 Venture  Capital Funds” CIG ranks 9th with the fund’s size of $100 million. In Forbes Ukraine’s Top 100 Wealthiest Businessmen, Stepan Chernovetskyi ranks 13th, with an estimated fortune of $545 million. In the Top 100 Wealthiest Ukrainians published by Novoye Vremya, he ranks 30th, with an estimated fortune of $265 million. Korrespondent magazine in its ranking The Wealthiest 2020, estimated the wealth of Stepan Chernovetskyi at $125 million. Politics. In 2008 and 2009, Stepan Chernovetskyi was a representative at the Kyiv City Council and a member of the "Leonid Chernovetskyi Bloc" party. He participated in  the Commission on budget and socio-economic development. He left the office before the end of term. As of September 2018, Stepan Chernovetskyi does not belong to any political party. Criminal Investigation in Spain. In July 2016, Spanish police detained Stepan as a part of "Variola" special operation against financial crimes. In August 2016, the Barcelona Court of Appeal discharged Stepan Chernovetskyi from custody citing insufficient evidence in the detention report. In October 2019, the court in Barcelona closed a criminal case (preliminary investigation) against Stepan Chernovetskyi establishing the legal origin of his investments in Spain and lack of evidence  of criminal offense. The Spanish media reported that the case against Stepan Chernovetskyi was closed, in particular, on the basis of forensic reports on origination of funds. The Public Prosecutor's Office filed an appeal against decision of the Barcelona Court of 30 October 2019 which closed the criminal case (preliminary investigation) against Stepan Chernovetskyi. On 1 July 2020, the Barcelona Court of Appeal rejected the Prosecutor's appeal and upheld the Barcelona court's decision of 30 October 2019. The Barcelona Court of Appeal confirmed the legal origin of investment made by Stepan Chernovetskyi in Spain. In its decision , the Court indicated that there was no evidence of any connection between the invested funds and any criminal offenses. Family and private life. Father – Leonid Chernovetskyi, Ukrainian statesman and politician, businessman Mother – Alina Aivazova, businesswoman. Sister – Kristina Chernovetska Wife – Zhanna Chernovetska Children: Leonid, Mykhailo, Stepan, Alisa, Adelina.