Saturday, September 24

Ukrainian Billionaire Sees Limited Future in Australia

GENNADIY Bogolyubov, the globe-trotting Ukrainian billionaire who controls Australia's biggest manganese mine, recalls an austere childhood in the former Soviet Union when electricity and new clothing were considered luxuries.

Those Communist-era hardships were a distant memory when the oligarch shelled out millions this week to charter a 250-seat Boeing 767 to fly to Australia to assess new investment opportunities.

He and his right-hand man, Oleg Sheiko, had plenty of leg and elbow room on the flight from London: they were the only passengers on the Ukraine International Airlines plane.


The Australian

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