Sergei Tsikalyuk Net Worth

He also owns a stake in the Russian oil company Lukoil and is a major shareholder in the Russian bank VTB. Sergei Tsikalyuk is a Russian businessman with a net worth of $1 billion. He is the founder of VSK, a Russia-based commercial insurer, and holds a stake in the Russian oil company Lukoil and is a major shareholder in the Russian bank VTB. His wealth is largely derived from his business ventures.
Sergei Tsikalyuk is a member of Richest Billionaires

Age, Biography and Wiki

Birth Day March 1, 1959
Birth Place Russia
Age 65 YEARS OLD
Birth Sign Pisces
Net Worth: $1 Billion

💰 Net worth: $1 Billion (2024)

Sergei Tsikalyuk, widely recognized as one of the wealthiest individuals in Russia, is anticipated to have amassed a net worth of $1 billion by the year 2024. Having made a fortune through his diverse business ventures and investments, Tsikalyuk's success has solidified his position among the richest billionaires in his homeland. With his vast wealth, he is not only an influential figure in the Russian business landscape but also holds a significant influence in various industries globally.

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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.