Ukrainian tycoon Ihor Kolomoisky's net worth has plummeted from $2 billion to $835 million since the Russian invasion. Before the invasion on Feb. 24, 2022, Kolomoisky's enterprises, including the informal Privat Group bank, were valued at their highest in seven years. However, by early September 2023, after facing two legal charges within a week and subsequent arrest, his wealth decreased by two-and-a-half times.
Ukraine's largest bank, PrivatBank, has initiated a legal battle in England's High Court against its former owners, oligarchs Igor Kolomoisky and Gennadiy Bogolyubov, the Financial Times reports. The trial was postponed last year due to Russia's invasion of Ukraine. PrivatBank is seeking $1.9 billion in addition to up to $2.5 billion in interest from Kolomoisky and Bogolyubov, who co-owned the bank until it was nationalized in 2016.
The Ukraine war is also being fought in cyberspace. Russia has apparently tried to shut down the Internet for Ukraine. Consequently, Mykhailo Federov, Vice Prime Minister of Ukraine and Minister of Digital Transformation, asked Elon Musk via Twitter to provide Starlink satellite broadband service in Ukraine. Within a few hours, the tech billionaire answered and informed Federov that Starlink would be active now in Ukraine and that more terminals would be en route.