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International Internet Magazine. Baltic States news & analytics Friday, 11.10.2024, 23:45

Two Baltic businessmen may get into the Forbes list of billionaires

Juhan Tere, BC, Tallinn, 15.03.2011.Print version
The first person from the Baltic states to be included in the Forbes world’s dollar billionaires top list is most likely Maxima store chains major owner, Lithuanian Nerijus Numavicius but the richest Estonian Hillar Teder also has a chance, LETA/Äripäev writes.

In the Forbes top list published last week, O’Key shopping chain’s Russian owners Dmitri Troitski and Dmitri Korzhev were listed. Both own 32% of O’Key and Forbes estimated that the size of both men’s assets was a billion dollars.

 

Teder used to own 25% of O’Key, but before the company was listed at the bourse, the founders of the retail chain distributed assets between them. Hillard Teder kept a 11% stake of O’Key but in return he received real estate developments in Ukraine that he intends to list at the bourse. Should these plans be a success, Teder can also be included in the top list of the world’s billionaires.

 

Teder said, commenting upon his chances, that it is not nice to look into someone else’s wallet. He said that Korzhev and Trotski have other businesses in Russia aside from O’Key. I imagine that their share in the Sankt-Peterburg bank has been taken into account, noted Teder. “No one aspire s to get to these top lists, journalists compile them. Sometimes they overestimate assets and sometimes they underestimate them,” said Teder.






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