Pavel Fuks

Pavel Yakovlevich Fuks[1] (b. October 27, 1971, Kharkiv, USSR) is a Ukrainian businessman, investor, philanthropist and founder of the development company Mos City Group.[2][3] Fuks has made most of his wealth through business ventures in Russia.[4]

Pavel Y. Fuks
Павло Якович Фукс
Fuks in 2017
Born (1971-10-27) October 27, 1971
Kharkiv, Ukrainian SSR, USSR
CitizenshipUkraine
Alma materKharkiv National University of Construction and Architecture
OccupationFounder of the development company mos city group
Years active1992–present
Net worthUS$270 million
Websitet.me/pavelfuks

Fuks is a member of the Supervisory Board of the Babyn Yar Holocaust Memorial Center (BYHMC).[5][6]

According to the Ukrainian Focus Magazine 2017 Millionaires’ List, Fuks' net worth was US$270 million, making him the 24th richest person in Ukraine.[7]

Biography

Pavel (Pavlo) Fuks was born in 1971 in Kharkiv, Ukraine. In 1994, he graduated from Kharkiv National University of Construction and Architecture from the faculty of Finance and Credit with Bachelor major degree in Economic and Social Planning.[8]

From 1997 until 2003, Fuks continued his studies at the Plekhanov Russian University of Economics on the faculty of World Economy.

From 1995 to 1999, he was an adviser to the chairman of the board of JSCB "Prominvestbank". In 1999–2000 Fuks served as the Vice-President of CJSC "Foreign Economic Corporation".[8]

In 2002, Fuks became more involved in the construction business. Among his first projects was the construction of the shopping center "Kaluzhskii" which has operated since 2001.[8]

In June 2008, he negotiated with the current US President Donald Trump about the construction of Trump Tower in Moscow, but the businessmen were unable to reach an agreement.[9][10][11][12][13]

In 2010, Pavel Fuks was the largest shareholder of Sovkombank where he owned a 21.83% stake. In March 2015, he sold his shares, which were valued at US$80 million.[14]

Fuks sold all his business assets in Russia in 2011 and 2012 and he has not been in Russia since 2015 due to political reasons in not supporting the Russian aggression in Ukraine. Pavel Fuks started to invest in Ukrainian assets in 2014, as he sees it as a country of great business potential.[15]

On November 1, 2018, Russian sanctions were imposed against 322 citizens of Ukraine, including Fuks.[16]

Philanthropy
Fuks (third from the right) at the signing of the Declaration of Intent to create the Memorial Center of the Babi Yar in Kiev on September 29, 2016.[17]

Fuks regularly helps his native city. He took part in the restoration of Kharkiv regional philharmonic, built the Church of the Holy Queen Tamara, and built a monument to the mythical founder of the Kharkiv City, cossack Kharko.[18][19]

In 2014, Pavel Fuks was awarded with the title "Honorary Citizen of Kharkiv".[20]

Babi Yar

Fuks is the co-organizer of the construction of the memorial complex Babyn Yar Holocaust Memorial Center (the project worth of the complex is estimated at US$50–100 million, and it is planned to be completed it in 2021, on the 80th anniversary of the tragedy of Babi Yar).[21] On March 19, 2017, the Supervisory Board of the Memorial Center for the Holocaust "Babi Yar" was established, and included Pavel Fuks, the Mayor of Kiev Vitali Klitschko and his brother, the professional boxer Wladimir Klitschko, the shareholders of the consortium "Alfa Group" Mikhail Fridman and German Khan and others.[22][23] The project's development fund was created with the help of consultants from the American big-four accounting firm "Ernst & Young".[24] According to Fuks, the structure of the memorial will include educational programs, a research center and a museum.[24]

Pavel Fuks on the award of the Olympic champion Oleksandr Abramenko, March 2018

He supports talented athletes. He gave Oleksandr Abramenko and his mentor and senior coach of the Ukrainian national team, Enver Ablaev, certificates for 50 thousand dollars each for achievements in Pyeongchang at the XXIII Olympic Winter Games.[25][26]

Pavel Fuks is a member of the charitable foundation "A City Without Barriers," which is committed to creating a comfortable environment for people with physical and intellectual disabilities.

Awards
  • Order of the Reverend Nestor the Chronicler of the 1st degree
  • Order of the Reverend Sergii Radonezhski of the 3rd degree
  • Order of the Golden Cross of the Sviatogorsk Brotherhood[27]

Hobbies

Fuks enjoys sports (namely boxing and tennis).

See also

References
  1. Ukrainian: Павло Якович Фукс; Russian: Павел Яковлевич Фукс
  2. "Pavel Yakovlevich Fuks: Executive Profile & Biography". Bloomberg L.P. Retrieved September 9, 2017.
  3. "Фукс Павло Якович – досьє ЄДНІСТЬ – ЗГАДУВАННЯ – УСІ НОВИНИ – Є!". Ednist.info. Retrieved September 9, 2017.
  4. https://www.aljazeera.com/indepth/features/oligarch-friend-trump-pavel-fuchs-171217151538382.html
  5. "The Supervisory Board of the Babi Yar Holocaust Memorial Center has been established". Babiyar.org. Retrieved September 9, 2017.
  6. Ayala, Christine (August 31, 2017). "In Ukraine, it's time for a Holocaust memorial at Babi Yar". Thehill.com. Retrieved September 9, 2017.
  7. "100 самых богатых людей Украины. Полный список – ФОКУС". Focus.uam. Retrieved September 9, 2017.
  8. "Фукс Павел Яковлевич – персоны на". BFM.ru. Retrieved September 9, 2017.
  9. "Павел Фукс рассказал о переговорах с Дональдом Трампом в 2008 году". Vesti-ukr.com. April 7, 2017. Retrieved September 9, 2017.
  10. "Archived copy". Archived from the original on November 19, 2016. Retrieved July 18, 2017.CS1 maint: archived copy as title (link)
  11. "Дональд Трамп продаст свое имя". Kommersant.ru. April 6, 2008. p. 18. Retrieved September 9, 2017.
  12. "Дональд Трамп планировал несколько бизнес-проектов в России". News.rambler.ru. Retrieved September 9, 2017.
  13. "Trump's Business Record in Russia Is Humiliating". Bloomberg L.P. August 29, 2017. Retrieved September 9, 2017.
  14. "Павел Фукс больше не банкир". Forbes.ru. Retrieved September 9, 2017.
  15. https://www.epravda.com.ua/publications/2019/02/6/645001/
  16. Åslund, Anders. "Making Sense of Russia's New Draconian Sanctions on Ukraine". Atlantic Council. Retrieved January 9, 2019.
  17. "Petro Poroshenko announces initiative to create Holocaust Memorial Center". Babiyar.org. Retrieved September 9, 2017.
  19. "Павел Фукс заявил, что намерен продолжить работать в Украине". Vesti-ukr.com. March 30, 2017. Retrieved September 9, 2017.
  21. "Миллиардер Фукс рассказал о строительстве мемориала Бабьего Яра". Podrobnosti.ua. September 4, 2017. Retrieved September 4, 2017.
  22. "The Supervisory Board of the Babi Yar Holocaust Memorial Center has been established". Babiyar.org. Retrieved September 9, 2017.
  23. "People of different views and nationalities are brought together by a common goal – to build the memorial in Babi Yar, – Pavel Fuks". Ukranews.com. Retrieved September 9, 2017.
  24. "Фукс: Если мы сосредоточимся на политике, то мемориал в Бабьем Яру вряд ли когда-нибудь построят". Gordonua.com. Retrieved September 9, 2017.
  25. "Olympic champion in freestyle skiing Oleksandr Abramenko and coach Enver Ablaev received NOC awards". National Olympic Committee of Ukraine (in Ukrainian). March 13, 2018. Retrieved February 27, 2019.
  26. "Businessman Pavel Fuks handed the Olympic champion Oleksandr Abramenko and his coach 50 thousand dollars each". Interfax-Ukraine (in Russian). March 13, 2018. Retrieved February 27, 2019.
  27. "Павел Фукс | Компромат и Биография. Новости, фото и публикации". Facenews.ua. Retrieved September 6, 2017.
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