Yuriy Kosiuk Net Worth

Age, Biography and Wiki

💰 Net worth: $1 Billion (2024)

Yuriy Kosiuk, widely recognized as a prominent figure in the food and beverage industry of Ukraine, is projected to have an estimated net worth of $1 billion by 2024. As the founder and owner of MHP, one of the country's largest poultry producers, Kosiuk's business empire has catapulted him to great financial success. Under his visionary leadership, MHP has witnessed exponential growth, becoming a major player in the industry not only in Ukraine but across international markets as well. With his astute business acumen and unwavering commitment to quality, Kosiuk has undoubtedly earned his reputation as a leading entrepreneur in the food and beverage sector.

Biography/Timeline

In 1985, he entered Kyiv Technological Institute of Food Industry. In 1992, Kosiuk graduated in meat and milk production process engineering from the Kiev Food Industry Institute under the specialty "Technology of meat and meat products". In 1989, as a 4-year student, he attended training for brokers.

In 1991, Yuriy Kosyuk became a broker at Kyiv Commodity Exchange. In the following year — one of the founders of JV "LKB". The company was engaged in import of metal, grain, gas. He invested his first earned $100 thousand in his own Business — a meat processing workshop in Cherkasy oblast. The company quickly went bankrupt, however, and had to be sold almost for nothing. It was Yuriy Kosyuk's first failure in Business. In 1995, he became the President of CJSC Scientific-Technical Business Centre for Food Industry. In 1998, he founded and headed CJSC Myronivsky Hliboproduct. In 2002, the trademark "Nasha Ryaba" entered the market.

Married. He and his wife Olena have a son Ivan (born in 2000).

The title of Hero of Ukraine with presentation of State order (20 August 2008) — for outstanding personal merits before the Ukrainian state in the development of agricultural sector, implementation of modern highly efficient technologies in the production and processing of agricultural products.

In 2009, he began the construction of a luxurious estate with a palace in the village of Khotiv, in the territory of Khotiv settlement of Scythian time. This and some other parts of the settlement had been previously taken out of the territory of a monument of archeology. The construction destroyed the northern part of the settlement (one of the richest in remnants of ancient buildings and surrounded by the highest part of the defensive rampart), as well as the surrounding landscape. According to Kosyuk himself, "what is built is built in the deep and has nothing to do with the settlement".

In my childhood, I wanted to become a soldier, later — the Director of the slaughterhouse. Most of the time he spends at work.

In the ranking of the richest people of Ukraine, according to Forbes Ukraine, Kosyuk consistently falls within the top 10, and in 2015-2016 — within the top 5.

As of March 2016, Forbes estimated his net worth at US$1.12 billion. In April 2016 the magazine Focus estimated his wealth at $769 million.

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