Andrey Adamovsky is one of the most successful entrepreneurs in Ukraine. The publication “New Time” estimated the businessman’s fortune at almost $100 million. Today, Adamovsky’s areas of interest include IT and commercial real estate.
The businessman is 57 years old. He was born in 1962 in Kyrgyzstan. The capital city of Bishkek (Frunze) was his own until 1990. There he graduated from school, then from the National University with a degree in Applied Mathematics, and then taught programming there.
Precise and at the same time creative thinking pushed Adamovsky to try his hand at business. At the breaking point of the collapse of the USSR, he worked for some time in Moscow (1990-1995), and then connected his life with Ukraine. Detailed biography of a businessman published on the website of the World Jewish Confederation. Today he is its vice president.
The first big business for Andrei Adamovsky was the creation of the telecommunications company FARLEP in 1995. At its peak, it served more than 200 thousand clients. In 2005, the entrepreneur sold the business to Rinat Akhmetov’s SCM group.
At the dawn of the “zero” years, Adamovsky expanded his sphere of business interests. So, from 2003 to 2006, he invested and served on the supervisory board of the Industrial Union of Donbass company. And between 2002-2009, the businessman developed the fuel business, being a co-owner of the Vic Oil company. Under this brand, 120 gas stations were presented on the market. The businessman sold part of the shares to the Anglo-Russian company TNK-BP in 2010.
Since 2007, Andrei Adamovsky began to actively work in the commercial real estate market. However, the publication UBR notesthat Adamovsky was never able to implement one of his most ambitious projects – the business park named after. Gorky. Its cost was estimated by experts at about $1 billion. The global financial crisis interfered. In 2011, the businessman sold this multifunctional complex.
In 2010, Adamovsky invested $40 million in the Sky Mall shopping center, receiving 50% plus 1 share. The terms of the deal with Estonian businessman Hillar Teder, who launched the construction of the center in 2006, provided for the return sale of Adamovsky’s share for $50 million. However, the businessman refused to sell his share to Teder, believing that he had violated the terms of the deal. In 2011, a London court confirmed the legality of Adamovsky’s actions and ordered Teder to transfer shareholder debt in the amount of about $100 million under the common control of Adamovsky and Teder. The Estonian never complied with the court’s decision. In 2015, Ukrainian courts up to the Supreme Court established that Hillar Teder had no right to claim. The London Court of International Arbitration put an end to the dispute in May 2016, ruling that all shares of Assofit Holdings Limited should be transferred to the ownership of Arricano Real Estate Plc no later than June 5 of that year.
Today Andrey Adamovsky owns the ArtMall shopping center. This is a multifunctional complex of about 200 shops, development and recreation parks for children.
Adamovsky also continues to develop the IT sector of Ukraine. He is a co-owner of one of the leaders in the domestic market – the company Infomir. It specializes in the development, design, production and support of equipment and client devices for IPTV, OTT and VoD services. It includes two design bureaus, a broadband network laboratory, technical and service support, as well as a consulting center for the implementation and provision of VoD/IPTV multimedia services.
“General Staff” writesthat Andrey Adamovsky has been included in the rankings of the richest Ukrainians more than once. Thus, in 2011, “Focus” estimated the businessman’s capital at $226.7 million. Andrei Grigorievich also made it into the “Golden Hundred” of the “Correspondent” magazine, taking 69th line in it. According to the publication, his capital amounted to $131 million. In 2012, Andrei Adamovsky took 38th place in the “Golden Hundred” with a fortune of $263 million. In 2013, “Focus” estimated Andrei Adamovsky’s wealth at $262.5 million (65th place in the ranking of “200 richest people in Ukraine”) . In the unofficial ranking of the richest people in Ukraine, compiled by the magazine “New Time”, at the end of 2018, Andrei Adamovsky was in 63rd place. Journalists tell him attributed fortune of $93 million.
Andrei Adamovsky spends money on social activities and also invests in art, including contemporary art. In 2009, he created the M17 Center for Contemporary Art in Kyiv. And in 2018, together with his partners, he founded the Collectors Club, the main task of which is the development of contemporary art in Ukraine.
Media reportedthat the entrepreneur managed to collect one of the largest collections of paintings by Ukrainian and Russian artists of the second half of the 19th and early 20th centuries. Also in 2010, he and his partners bought a collection of paintings by Odessa avant-garde artists of the early 20th century. The purchase price is about $2 million. “Business requires precise calculations, but here calculations are not suitable: if you like it, you buy it, often too expensive. It is clear that for dealers and gallerists art is a business, but not for me. “I will never sell a single painting in my life,” Andrei Adamovsky commented on the hobby.
Let us note that in addition to membership in the World Jewish Confederation, Adamovsky is co-president of the Coordination Council of Jewish Organizations and Communities of Ukraine “Vaad”, a member of the supervisory board of the Jewish Confederation of Ukraine and a member of the Supervisory Board of the Jewish student organization “Hillel”.
