Pavel Fuks


Pavel Yakovlevich Fuks is a Ukrainian businessman, investor, philanthropist and founder of the development company Mos City Group. Fuks has made most of his wealth through business ventures in Russia.
Fuks is a member of the Supervisory Board of the Babyn Yar Holocaust Memorial Center.
According to the Ukrainian Focus Magazine 2017 Millionaires’ List, Fuks' net worth was US$270 million, making him the 24th richest person in Ukraine.

Biography

Pavel Fuks was born in 1971 in Kharkiv, Ukraine. In 1994, he graduated from Kharkiv National University of Construction and Architecture from the faculty of Finance and Credit with Bachelor major degree in Economic and Social Planning.
From 1997 until 2003, Fuks continued his studies at the Plekhanov Russian University of Economics on the faculty of World Economy.
From 1995 to 1999, he was an adviser to the chairman of the board of JSCB "Prominvestbank". In 1999–2000 Fuks served as the Vice-President of CJSC "Foreign Economic Corporation".

In 2002, Fuks became more involved in the construction business. Among his first projects was the construction of the shopping center "Kaluzhskii" which has operated since 2001.
In June 2008, he negotiated with the current US President Donald Trump about the construction of Trump Tower in Moscow, but the businessmen were unable to reach an agreement.
In 2010, Pavel Fuks was the largest shareholder of Sovkombank where he owned a 21.83% stake. In March 2015, he sold his shares, which were valued at US$80 million.
Fuks sold all his business assets in Russia in 2011 and 2012 and he has not been in Russia since 2015 due to political reasons in not supporting the Russian aggression in Ukraine. Pavel Fuks started to invest in Ukrainian assets in 2014, as he sees it as a country of great business potential.
On November 1, 2018, Russian sanctions were imposed against 322 citizens of Ukraine, including Fuks.

Philanthropy

Fuks regularly helps his native city. He took part in the restoration of Kharkiv regional philharmonic, built the Church of the Holy Queen Tamara, and built a monument to the mythical founder of the Kharkiv City, cossack Kharko.
In 2014, Pavel Fuks was awarded with the title "Honorary Citizen of Kharkiv".

Babi Yar

Fuks is the co-organizer of the construction of the memorial complex Babyn Yar Holocaust Memorial Center. On March 19, 2017, the Supervisory Board of the Memorial Center for the Holocaust "Babi Yar" was established, and included Pavel Fuks, the Mayor of Kiev Vitali Klitschko and his brother, the professional boxer Wladimir Klitschko, the shareholders of the consortium "Alfa Group" Mikhail Fridman and German Khan and others. The project's development fund was created with the help of consultants from the American big-four accounting firm "Ernst & Young". According to Fuks, the structure of the memorial will include educational programs, a research center and a museum.
, March 2018
He supports talented athletes. He gave Oleksandr Abramenko and his mentor and senior coach of the Ukrainian national team, Enver Ablaev, certificates for 50 thousand dollars each for achievements in Pyeongchang at the XXIII Olympic Winter Games.
Pavel Fuks is a member of the charitable foundation "A City Without Barriers," which is committed to creating a comfortable environment for people with physical and intellectual disabilities.

Awards

Fuks enjoys sports.