Sergei Tsikalyuk Net Worth

Sergei Tsikalyuk Net Worth: Sergei Tsikalyuk is a Russian businessman who has a net worth of $1 billion. Sergei Tsikalyuk draws the most of his net worth from VSK, a Russia-based commercial insurer which he founded in 1992.
Sergei Tsikalyuk is a member of Richest Billionaires

Age, Biography and Wiki

Birth Day March 1, 1959
Birth Place Russia
Birth Sign Pisces
Net Worth: $1 Billion

💰 Net worth: $1 Billion (2021)

Some Sergei Tsikalyuk images

Born Sergei Alekseyevich Tsikalyuk, on March 1, 1959 in the island of Sakhalin in Russia, he graduated from Military College and Military Academy. Next, Tsikalyuk spent 16 years in the Army, retiring in 1992 with the rank of colonel. The same year he started VSK, which initially provided health and life insurance for army personnel. Since the company's establishment, he has been serving as CEO as well as largest shareholder. In 2002, the American Insurance Group (AIG) wanted to buy the insurance company but the deal was not approved by the army. Thus, he broadened the company into a general insurance firm with half of its portfolio coming from car insurance deals. In 2011, he traded a 25% stake to insurer RESO-Garantiya for $250 million and a $100 million loan from RESO. However, the RESO deal got eventually cancelled and Tsikalyuk had to borrow finance from Sberbank to repay his debt to RESO.