From the Editor
- Yuri Kovalchuk is friends with Russia's president Vladimir Putin; they met when Putin was deputy mayor of St. Petersburg.
- They both had country houses in the Ozero dacha cooperative, and when Putin became president, many of the cooperative's members' careers improved.
- Kovalchuck is now the largest shareholder of Rossiya Bank and has a large stake in Sogaz insurance company.
- He controls National Media Group, an investment firm with controlling stakes in popular Russian media assets.
- He was sanctioned by the U.S. and the EU in 2014, along with a group of close Putin friends.
- In December 2021 Sogaz bought 45% of MF Technologies, that controls VK, one of the largest internet companies in Russia.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Forbes Lists
#1033
Billionaires (2024)
Personal Stats
- Age
- 73
- Source of Wealth
- Banking, insurance, media, Self Made
- Residence
- St. Petersburg, Russia
- Citizenship
- Russia
- Marital Status
- Married
- Children
- 1
- Education
- Doctorate, St Petersburg State University
Did you know
After US sanctions hit Kovalchuk's Rossiya Bank, Vladimir Putin moved his payroll account to the bank.
Kovalchuk's son Boris is CEO of InterRAO, a large state-owned energy company in Russia.
Related People & Companies
Andrei Molchanov
Related by education: St Petersburg State University
Russia
Citizen of Russia
More on Forbes
7 minutes ago
Why Neymar To MLS Adds Up (And Why It Doesn’t)Neymar would give MLS even more visibility in the aftermath of Lionel Messi's arrival, but he also brings considerably more baggage than his former club teammate.
ByIan Nicholas QuillenContributor
3 hours ago
UFC 311 Complete Card: What Time Does The PPV Start?UFC 311 is upon us. Here is a breakdown of viewing information, including the start time for all three legs of the PPV card.
ByBrian MaziqueContributor
4 hours ago
Today’s NYT Mini Crossword Clues And Answers For Saturday, January 18thLooking for help with today's NYT Mini Crossword puzzle? Here are some hints and answers for the puzzle.
ByErik KainSenior Contributor
5 hours ago
UFC Tonight: What You Need To Know About The UFC 311 Fight CardThe first UFC PPV on the UFC's 2025 schedule, UFC 311, takes place tonight, Jan. 18, at Intuit Dome in California. Islam Makhachev Vs. Renato Moicano is the main event.
ByTrent ReinsmithContributor
6 hours ago
Huge Boxing Announcement Reveals Garcia, Haney, Lopez And Ennis’ Next FightsBoxing could be huge in 2025. A major announcement from Turki Alalshikh has revealed the next fights for Ryan Garcia, Devin Haney, Teofimo Lopez and Jaron Ennis.
ByBrian MaziqueContributor
6 hours ago
WWE SmackDown Results, Winners And Grades On January 17, 2025WWE SmackDown results with Rey Mysterio vs. Kevin Owens and Tiffany Stratton defending the SmackDown Women's Championship against Bayley.
ByAlfred KonuwaContributor
7 hours ago
Roki Sasaki Plans To Sign With The World Series Champion LA DodgersA case could be made that Sasaki was the most valuable pitcher on the winter free agent market because of the unique circumstances of his departure from from the Japan.
ByJack MagruderContributor
7 hours ago
UFC 311 Weigh-In Results For Restructured PPV EventThe UFC 311 card has changed quite a bit in 24 hours, but everyone on the card successfully made weight. Here is a look at the weigh-in results.
ByBrian MaziqueContributor
8 hours ago
Today’s ‘Wordle’ #1309 Hints, Clues And Answer For Saturday, January 18thLooking for help with today's New York Times Wordle? Here are hints, clues and commentary to help you solve today's Wordle and sharpen your guessing game.
ByErik KainSenior Contributor
8 hours ago
Robert Saleh To Receive Record Contract Offer From San Francisco 49ersThe San Francisco 49ers search for a new defensive coordinator has not necessarily gotten off the ground. Robert Saleh is seen as the top candidate.
ByVincent FrankContributor
8 hours ago
Ohio State’s Will Howard, Notre Dame’s Riley Leonard Maintained Perspective Following Stunning DefeatsBoth quarterbacks knew their final season of college football could still be a special one even after their teams endured difficult setbacks.
ByTom LaybergerContributor
9 hours ago
Jack Draper Must Trade Five Sets For Five-Star Form Against AlcarazJack Draper is piling up several five-set matches after his latest at the Australian Open. He will have to ensure the endgame comes quicker in the first week of Slams.
ByTim EllisContributor
9 hours ago
What Time Are NFL Divisional Playoff Games This Weekend? Where To Watch On TV, Cable And StreamingThe NFL’s AFC and NFC Divisional Playoff games are this weekend. Find out what time each game begins and where you can watch them.
ByTim LammersContributor
10 hours ago
Israel Government Approves Gaza Ceasefire And Hostage DealIsrael and Hamas reached an agreement Friday that could halt fighting after more than 15 months.
ByMolly BohannonForbes Staff
10 hours ago
UFC 311 Fight Card: Odds, Lines, Prop Bets, Predictions And PicksEverything you need to know about Saturday's UFC 311: Islam Makhachev vs. Renato Moicano fight card. Betting odds, betting line movement, prop bets, picks, predictions.
ByTrent ReinsmithContributor
11 hours ago
Thurman Thomas Gives His Bold Super Bowl LIX Prediction And His Surprising NFL MVP PickBuffalo Bills great Thurman Thomas details his Super Bowl LIX prediction and his surprising pick for NFL MVP in this one-on-one interview.
ByDJ SiddiqiContributor