Vadym Iermolaiev
Vadym Iermolaiev is a Ukrainian businessman and investor. Iermolaiev is rated as the 23rd richest person in Ukraine by the Focus magazine.
Biography
Born in Dnipro, Ukraine, Iermolaiev received his economic degree at the Dnipropetrovsk College of Technology and Economics in 1987.In 1995, Vadym Iermolaiev founded “Primus inter pares”. Two years later, the company was renamed into Alef, an industrial corporation.
Iermolaiev is the most influential Dnipropetrovsk businessmen and is known to be the main developer of Dnipro, according to Forbes. Iermolaiev is known as the developer, who has changed the urban architecture.
The net worth of Iermolaiev, the CEO of Alef, a commercial-manufacturing corporation, is $823 million. He is rated in the Top 15 Ukrainian rich men.
In 2001, Vadym Iermolaiev founded Alef Estate to focus on commercial construction. In 2004, the company completed the development of New center, the first big shopping center in Dnipro. In 2006, Most-City, the biggest trade center of Ukraine, was built in Dnipro. The company also implemented such projects as Cascade Plaza mixed-use complex, Bosphorus shopping mall, Enigma and Prisma business centers.
Vadym Iermolaiev is the creator and investor of Katerynoslavsky Boulevard, a cultural pedestrian area in the historic center of Dnipro. In recent years, Alef Estate has been developing such projects as Perekhrestya shopping mall, Ermolaev Center mixed-use complex, Artel shopping mall, Port City Apartment Complex, Boulevard on Yuzhnaya Street, and Troitsky Residential Complex.
In April 2004, the Anti-Monopoly Committee of Ukraine officially permitted The Procter&Gamble Company to acquire CJSC Olvia Beta Cleaning Products Co, 25% of which was owned by Iermolaiev. In 2004, the funds from the sale of the plant were invested in new large-scale projects in the eastern region of Ukraine. Plants for the production of plastic profile for windows Miroplast, the production of aerated concrete UDK and the only in the CIS plant for the production of fittings for windows translucent structures Axor were opened in partnership with a Turkish company.
At the end of 2006, Vadym Iermolaiev sold CJSC Agrobank to PPF, a Czech financial group that manages assets to the value of more than $60 billion.
In 2012, Vadym Iermolaiev became one of the patrons of the Kiddo Charity Foundation.
In 2014, Iermolaiev lost all of his assets in Crimea — production facilities and administrative premises of a company engaged in the production and sale of alcoholic beverages.
Iermolaiev's fortune in 2016 was $478 million, according to Dragon Capital Investment Company, up $66 million than in the previous year.
In 2019, Iermolaiev renounced his Ukrainian citizenship and became a citizen of Cyprus.
In 2021, Iermolaiev's Alef Group resumed construction of the Brama complex in Dnipro after a 12-year break. One of the towers, with 54 floors, was the tallest residential building in Ukraine.
Alef
Vadym Iermolaiev is chairman of the board of Alef Corporation. The corporation comprises 13 various enterprises in such industries as manufacturing, real estate development and agricultural business. The corporation employs more than 600,000 people.Alef Corporation companies operate in the fields of agribusiness, development and production of construction materials. Alef is also engaged in the production of dental implants and medical instruments.
The Alef Estate company has developed such well-known projects in Dnipro as the Most-City shopping and entertainment center, CASCADE PLAZA, the Bosphorus shopping and business center, and some others.
Rankings
The Korrespondent magazine included Iermolaiev in Zolota Sotnia with a fortune of $763 million. Vadym Iermolaiev has been regularly included in the Focus magazine annual list of Ukraine's Top Richest People rating with an estimated wealth of:- 2013 — $214 million ;
- 2014 — $254 million ;
- in 2015 — 34th position in Ukraine's Top 100 Richest People in 2014;
- in 2016 — 24th position in Ukraine's Top 50 Richest People in 2015.