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Petro Poroshenko
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==Billionaires lists rankings== In March 2012, Forbes placed him on the Forbes list of billionaires at 1,153rd place, with US$1 billion. As of May 2015, Poroshenko's net worth was about US$720 million (Bloomberg estimate), losing 25 percent of his wealth because of Russia's ban of Roshen products and the state of the Ukrainian economy. According to the annual ranking of the richest people in Ukraine published by the Ukrainian journal Novoye Vremya and conducted jointly with Dragon Capital, a leading investment company in Ukraine, published in October 2015, president Poroshenko was found to be the only one from the top ten list whose asset value grew since the previous year's ranking. The estimate of his assets was set at US$979 million, a 20% growth, and his ranking increased from 9th to 6th wealthiest person in Ukraine. The article noted that Poroshenko remained one of the only two European leaders who owned a business empire of such scale, with [[Silvio Berlusconi]] of Italy being the other. A total of €450 million is kept in an Amsterdam-based company registered in Cyprus, as a result of which his effective tax rate is 5% rather than the statutory tax rate of 18% in Ukraine. The company is likely to be worth much more, as the annual accounts published by the Dutch Chamber of Commerce only contain the book value of the shares, which is very likely to be lower than the market value. After his election, Poroshenko lost the billionaire status as his net worth dropped by 40% to reach $705 million.
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