Kostyantyn Zhevago Net Worth

Kostyantyn Zhevago has an estimated net worth of $1.1 billion, according to Forbes Real-Time Billionaires, Kostyantyn Zhevago profile (figures as of October 20, 2026). That is down from a peak of $2.3 billion.

Kostyantyn Zhevago is a Ukrainian businessman and former lawmaker whose wealth is tied mainly to mining. He is the biggest shareholder of Ferrexpo, an iron pellet producer, and he served as the company’s executive director from 2008 to 2019. He also spent 21 years in Ukraine’s parliament, from 1998 to 2019. Outside mining, he owned interests in banking, manufacturing, energy, pharmaceuticals, food, and other sectors, and he owns the FC Vorskla football team.

His rise in business came through finance and industry in the 1990s, then through Ferrexpo’s growth into a public company. Ferrexpo became the first company with assets in Ukraine to trade on the main market of the London Stock Exchange, a key step in making him widely known in business circles. Earlier in his career, he worked at Finance and Credit and later chaired its bank board. Forbes currently estimates his fortune at $1.1 billion on its real-time billionaires tracker as of October 20, 2026.

How Kostyantyn Zhevago built his wealth

Zhevago’s fortune comes mainly from mining, with Ferrexpo at the center of the story. He was the company’s executive director from 2008 to 2019 and remained its largest shareholder. Ferrexpo’s stock market listing in London was a major business milestone. It was the first company with assets in Ukraine whose shares began trading on the main market of the London Stock Exchange. That gave investors a clearer way to value the business and raised his profile as a self-made billionaire.

His business interests reached far beyond mining. Early on, he worked as financial director of Finance and Credit from 1993 to 1996, then chaired the board of Finance and Credit Bank from 1996 to 1998. He also held senior roles across mining, metallurgy, machine building, pharmaceuticals, food, real estate, energy, and shipbuilding. On top of that, he owns FC Vorskla, a club in the Ukrainian Premier League. Those holdings show a broad industrial portfolio, even though mining remains the main driver of his wealth.

How Forbes' estimate changed

Forbes has tracked Zhevago’s wealth through several sharp moves. It placed him at $1.5 billion in 2019, then $1 billion in 2020. In 2021, the estimate rose to $2.3 billion, which was the high point in the figures listed here. After that, Forbes put him at $1.3 billion in 2022 and again in 2023. The pattern shows that his fortune has been closely tied to the changing value of his mining interests over time.

The Forbes estimate then settled lower. Forbes listed him at $1.2 billion in 2024, 2025, and 2026 on its annual billionaires list. On the real-time tracker in October 2026, Forbes showed $1.1 billion. That later figure gives the most current snapshot in this record. Because his wealth is linked mainly to Ferrexpo and mining, changes in the market value of those assets can have a large effect on the headline number from year to year.