Gennady Timchenko Quotes
China is an area where we need to be present. Lots of companies want to supply their products to China.
Vandenko, Andrei. "Gennady Timchenko: In this life you have to pay for everything." TASS, Russian News Agency TASS, 4 Aug. 2014.
He was commenting on the many Western businessmen who lost money in unwise Chinese investments at the end of the 20th Century and the early 21st.
This is one of the first recorded recognitions of globalization as an economic force.
Gennady Nikolayevich Timchenko is a Russian oligarch and billionaire businessman. He founded and owns the private investment group, Volga Group, which specializes in investments in energy, transport and infrastructure assets. Previously he was a co-owner of Gunvor Group. As of 15 April 2021, Timchenko was ranked 96th on the Bloomberg Billionaires Index, with an estimated fortune of US$19.5 Billion and making him the 6th richest person in Russia. He is known for being the Chairman of the Board of Directors of the Kontinental Hockey League, and President of the SKA Saint Petersburg ice hockey club. He is a citizen of Russia, Finland and Armenia. He is an honorary consul of Serbia in Saint Petersburg.