Billionaire Profile
Kostyantin Zhevago
Global Rank
#2623

Image: Public domain | via Wikimedia Commons

Kostyantin Zhevago

CEO, Ferrexpo
UA
Real-Time Net Worth
$1.2B
As of December 2025
Age
51
Source
Mining
Industry
metals-mining
Citizenship
UA

Biography

Kostyantin Zhevago, born on January 7, 1974, is a Ukrainian entrepreneur and a prominent figure in the metals and mining industry. His career spans business and politics, marked by significant achievements including founding the Finance and Credit group and taking Ferrexpo public on the London Stock Exchange. Zhevago's estimated net worth is $1.2 billion, primarily from mining interests. His career highlights include serving as a member of the Ukrainian Parliament for over two decades and holding leadership positions in various companies. Despite facing legal challenges, Zhevago remains a notable figure in the Ukrainian business landscape.

Wealth Over Time

In-Depth Profile

Early Life

Kostyantin Zhevago was born in Iultin, Russia, on January 7, 1974. He spent his childhood in Ukraine. Zhevago showed an early interest in economics and finance, leading him to pursue higher education in the field. He graduated from Kyiv National Economic University with degrees in accounting and international economic relations and earned a PhD in Economics in 2003.

Rise to Success

Zhevago's career began with the Finance and Credit group, where he held several key positions, including CFO and Chairman. He is best known for his role as the CEO and controlling shareholder of Ferrexpo, a Swiss-based iron ore mining company with operations in Ukraine. A pivotal moment in his career was taking Ferrexpo public on the London Stock Exchange in 2007, making him the first Eastern European to achieve this.

Key Business Strategies

Zhevago's business strategies involved significant investments in Ukraine, particularly in Ferrexpo. Under his leadership, Ferrexpo invested billions of dollars in Ukrainian assets. He focused on expanding the company's production capacity and diversifying its market reach. Ferrexpo's success is due to the production of high-grade iron ore pellets, which are a premium product for the steel industry.

Philanthropy

Zhevago is known for his philanthropic activities, supporting various initiatives in Ukraine. He has donated to Ukrainian charities. While the exact amounts vary, his commitment to philanthropy has been a consistent aspect of his career.

Career Milestones

1993

CFO of Finance and Credit

Began his career as Chief Financial Officer of Finance and Credit.

1996

Chairman of the Board of Finance and Credit Bank

Became Chairman of the Board of Finance and Credit Bank.

1998

Member of Ukrainian Parliament

Elected to the Verkhovna Rada of Ukraine.

2007

Ferrexpo IPO

Took Ferrexpo public on the London Stock Exchange.

2008

Executive Director of Ferrexpo

Served as Executive Director of Ferrexpo.

Philanthropy & Social Impact

Charity

Various Ukrainian Charities

$20M (approximate annual)

Donations to various Ukrainian charities.

Controversies & Challenges

2019

Embezzlement Allegations

Accused of embezzling $113 million from Finance & Credit Bank. An international arrest warrant was issued, and he was detained in France but released on bail. A French court ruled against his extradition.