Ukraine President Petro Poroshenko's net worth estimated at $1.2 bn

May 27 2014, 14:46 IST
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Pro-European oligarch Petro Poroshenko claimed a commanding victory in Ukraine's presidential election on May 25. (AP) Pro-European oligarch Petro Poroshenko claimed a commanding victory in Ukraine's presidential election on May 25. (AP)
SummaryUkraine's new president Petro Poroshenko is popularly known as 'chocolate king' because he made his fortune in the candy industry.

Ukraine's new president and billionaire businessman Petro Poroshenko, popularly known as the "chocolate king" because he made his fortune in the candy industry, and now is worth US$1.2 billion, according to a Wealth-X report.

The soft-spoken pro-European oligarch, who built his business empire out of the ashes of Ukraine's post-Soviet economy, claimed a commanding victory in Ukraine's presidential election on May 25.

Final results will not be announced until later on Monday, but runner-up Yulia Tymoshenko, who captured only 13 percent of the vote, made it clear she would concede.

Poroshenko, 48, takes the office once held by pro-Kremlin Viktor Yanukovych, who was ousted in February after anti-government protests. He was the only oligarch to play a prominent role in the protests, standing alongside other protest leaders such as heavyweight boxer Vitaly Klitschko on the Maidan, Kiev's central square.

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