Leading role for Chocolate King in Ukraine crisis
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[SINGAPORE] Petro Poroshenko may have found international fame upon becoming the new president of Ukraine this week, but the oligarch is no stranger to fortune.
He has US$1.2 billion in personal wealth, which he accumulated from his candy empire built from the ashes of Ukraine's post-Soviet economy, reported the ultra-high-net-worth intelligence and prospecting firm Wealth-X. He owns Ukraine's largest confectionery manufacturer Roshen, having bought several state-owned sweets companies and then enhanced their chocolate offerings by adding imported cocoa to them. His business empire has since grown to include a television channel, a car plant and a shipyard.
The 48-year-old billionaire and pro-European businessman, popularly known as the "Chocolate King" of Eastern Europe, claimed a commanding victory in Ukraine's presidential election on Sunday. With 60 per cent of the vote already counted, he has already bagged 54 per cent of that, leaving his arch rival and former prime minister Yulia Tymoshenko in the dust with 13 per cent.
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