Stepan Chernovetskyi

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Stepan Chernovetskyi
Степан Черновецький
Stepan Chernovetskyi.jpg
Born (1978-10-28) 28 October 1978 (age 40)
OccupationUkrainian businessman, investor, founder of Chernovetskyi Investment Group (CIG)
Political partynon-party
Spouse(s)Zhanna Chernovetska
ChildrenLeonid, Mykhailo, Stepan, Alisa

Stepan Chernovetskyi (born 28 October 1978) - Ukrainian businessman, investor, founder of Chernovetskyi Investment Group (CIG).

In May 2006, he became the president of the Supervisory Board of "Pravex Bank"[1]. 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.[2]


  • 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[3].
  • Owner and the president of Chernovetskyi Investment Group (CIG). Founded in 2013, CIG invests in the IT projects focusing on e-commerce, infrastructure, health care, and agriculture. Investment potential of over $ 100 million.[4].

In 2018, the Focus magazine named Stepan Chernovetskyi among 100 richest people in Ukraine. Together with Leonid Chernovetskyi, he holds the 20th position in the rating with their joint assets estimated at $ 353 million[5].

According to the business magazine Focus, in 2019, Stepan and Leonid Chernovetskyi ranked 21st among Ukraine's wealthiest individuals with a combined net worth of $423 million[6].


In 2008 and 2009, Stepan Chernovetskyi was a representative at the Kyiv City Council and a member of the "Leonid Chernovetskyi Bloc" party[7]. He participated in the Commission on budget and socio-economic development. He left the office before the end of term[8]. As of September 2018, Stepan Chernovetskyi does not belong to any political party.

2016 arrest in Spain[edit]

In July 2016, Spanish police arrested him as a part of "Variola" special operation against financial crimes. All 11 detainees have been charged with money laundering amounting to € 10 million[9].

In August 2016, the Barcelona Court of Appeal discharged Stepan Chernovetskyi from custody citing insufficient evidence in the detention report[10].