The wife of Gennady Timchenko told what her family had to sacrifice because of the sanctions. Gennady Timchenko is a billionaire who founded an oil empire from scratch. Property of Gennady Timchenko

This is now the wife of Gennady Timchenko Elena - the wife of one of the richest Russian businessmen, whose fortune is estimated at $16.9 billion, and when they met, both were ordinary students. Elena Petrovna Timchenko has Finnish citizenship and is a co-founder of a charitable foundation with her husband.

Several years ago she was president of the Swiss Foundation Neva. During for long years The billionaire's family lived in Europe, and after Gennady Nikolaevich and his business came under sanctions, they moved to Russia.

My family life The Timchenko couple started with ordinary communal apartments. Gennady Nikolaevich, after graduating from university, received the specialty of electrical engineer, came to Izhevsk and got a job at one of the local factories that produced equipment for nuclear power plants. An important step in his career ladder began the transition to work in the factory sales department, from where he further stepped into the Ministry foreign trade THE USSR.

After six years of work in the civil service, Timchenko received the position of deputy director of one of the largest oil refineries.

After the collapse Soviet Union Gennady Nikolaevich moved to Finland and became the head of the company Urals Finland Oy.

IN free time the oligarch's family loves to travel, and if previously they preferred European routes, now they visit interesting and Beautiful places Russia.

Gennady Timchenko allocates a lot of money for the construction and restoration of churches throughout the country, and his and Elena Petrovna’s charitable foundation helps needy families, children, older people, and creates centers to support families with adopted children.

Timchenko created his own holding Volga Group in 2007 and since then has specialized in investments in the development of the insurance and banking sectors, culture and sports, energy and transport enterprises.

Gennady Timchenko’s wife has always been not only the keeper of the home, but also her husband’s business partner. Elena Petrovna is the mother of three children - two daughters and a son.

The eldest daughter Natalya specialized in English literature at Oxford, the youngest Ksenia graduated with honors from the University of Edinburgh with a degree in French and philosophy. Son Sergei studied in Switzerland. The children of Gennady Timchenko are doing business in Russia.

The businessman, who is considered a friend of the current head of state, manages the St. Petersburg club SKA - winner of the Kontinental Hockey League championship of the 2015/2016 season, heads the KHL supervisory board, and also economic council Chamber of Commerce and Industry CCI France Russie and a division of the interstate Russian-Chinese Business Council.

Reorientation from Europe to China, according to analysts, will allow it to maintain its influence in the informal governance system under Western sanctions Russian Federation, including decisions on the placement of personnel in the structures of the executive branch of government and the gubernatorial corps.

Childhood and family of Gennady Timchenko

So he lived in Armenia until he was 7 years old. After that, their family spent six years in a military garrison Soviet troops in eastern Germany. Then the father was sent to the city of Bolgrad, located in Ukraine, near the Moldovan border, where his son continued his studies and graduated from school.

Having received secondary education, Gennady decided to become a submariner and tried to enroll in the appropriate school in Leningrad, but did not pass the medical expert commission. However, the young man did not give up on his intention to become a university student and successfully passed the entrance exams to the famous Military Mech.

Career of Gennady Timchenko

Very soon, he received an invitation to work in a division of the USSR Ministry of Foreign Trade as a senior engineer, whose duties included frequent trips abroad, which allowed some bibliographers to assume his connection with domestic intelligence services. Gennady himself denied belonging to the KGB. He visited Switzerland and Suomi several times and made business contacts there, which were useful to him later.

Progressing successfully up the career ladder, in 1988 he became deputy director of the foreign trade company KiNEks, created a year earlier on the basis of the country's largest oil refinery in the city of Kirishi, Leningrad Region, and which received the right to supply oil abroad. There he met his future business partners Andrei Katkov and Evgeniy Malov.

Registration of foreign trade transactions required a large number of approvals from regulatory services. To optimize the oil marketing process, three friends teamed up with former KGB officer Andrei Pannikov. Thanks to his connections, he had the opportunity to help establish the Russian-Finnish joint venture Urals, where all the company's export flows were subsequently transferred.

Business of Gennady Timchenko

In 1997 successful entrepreneur in partnership with Swedish businessman Torbjorn Tornqvist, he founded the company Gunvor, through which Gazprom Neft, Surgutneftegaz, Rosneft and others sold oil abroad. As a result, Timchenko became one of the richest people in the country. In 1999, due to the ban on dual citizenship in Suomi, he renounced his status as a citizen of the Russian Federation (this ban was later lifted), and in 2001 he changed his place of permanent residence to Switzerland.

In 2007, the businessman created the venture company Volga Resources, which united a number of his assets (shares in Novatek, Yamal LNG, STG and other companies).

Personal life of Gennady Timchenko

The couple raised three children: the youngest son Sergei and two daughters, Natalya and Ksenia. The eldest daughter graduated from Oxford, Ksyusha graduated from the University of Edinburgh, the son studied in Switzerland at school, and higher education returned to receive in Russia.

Gennady has been involved in philanthropy for a long time and often. In 1998, in collaboration with the Rotenbergs, he participated in the organization (on Putin’s advice) of the Yawara-Neva judo club, in which the head of state became honorary president. Together with his wife Elena, they initiated the establishment of the Neva, Klyuch, and Ladoga foundations, through which hundreds of socio-cultural and sports projects were implemented.

The Gennady and Elena Timchenko Foundation supported the Russian province

Elena was also a co-owner and director of transport and trading companies - Sogeko Holding, Maples, Carring Finance, Relais & Chateaux hotels in France. In 2012, she and their youngest daughter Ksenia (the wife of the son of Sovcomflot head Sergei Frank) were awarded the Order of Friendship of the Russian Federation.

The oligarch became the organizer of the creation of a permanent exhibition of Russian art in the Louvre in Paris, for which he was awarded the Order of the Legion of Honor in 2013. He is a co-trustee of the National Geographic Society and the Chess Federation.

For the head of the family, sport is a special passion. He is passionate about sailing, is the captain of his own Katusha team, and has participated in international regatta races among RC44 class yachts.

Gennady Timchenko about SKA in the 2015/2016 season

Gennady Nikolaevich loves tennis, alpine skiing, hockey, and heads the Board of Directors hockey club SKA plays on the ice field together with famous hockey players, the president and high-ranking officials, billionaire entrepreneurs (Pavel Bure, Vladimir Putin, Sergei Shoigu, Vladimir Potanin, Arkady and Boris Rotenberg) in non-professional hockey, and also loves his dog Romy, who is daughter of Kony, the president's Labrador.

Interview with SKA President Gennady Timchenko

Gennady Timchenko today

In 2014, the billionaire came under sanctions from the United States and EU countries, imposed due to the Russian Federation’s violation of the sovereignty of Ukraine, and allegedly due to the fact that Vladimir Putin is an investor in Gunvor with access to his funds. Gennady began to save his numerous assets - he transferred his share in the Russian Sea to his son-in-law Gleb Frank, sold Gunvor to a partner, got rid of shares in the oil company IIP and others. In addition, an investigation into alleged money laundering was allegedly launched in the United States. Money in “Gunvor” during the period of operations for the export of “black gold” extracted by Rosneft. In May of the same year, the oligarch announced a complete transfer of his capital to Russia.

What is Putin’s richest friend Gennady Timchenko building on Rublyovka?

After finishing his children’s education abroad, the billionaire settled in Russia. This time coincided with his inclusion in the sanctions lists. He lives in the former residence of Nikita Khrushchev, former first Secretary of the CPSU Central Committee, with a marble fireplace and interior decoration made of noble wood, located in Moscow in natural reserve in Vorobyovy Gory. The tycoon's personal fortune in 2015 was estimated by Forbes at $10.7 billion.

Gennady Timchenko became a millionaire back in the 90s, but for many years in Russia only a few friends and business partners knew about him. He himself did not strive for fame. Timchenko is the same age as President Vladimir Putin and one of his friends. He was born into a military family in Leninakan, spent his childhood in Germany and Ukraine, and received higher education in Leningrad.

In the late 80s, Timchenko got a job at the foreign trade association Kirishineftekhimexport, which exported petroleum products from the Kirishi Oil Refinery, and this determined him future fate and career. Until the Crimean events of 2014, trading in oil and petroleum products was his main business. In 1997, together with partner Torbjörn Törnqvist, he founded the oil trading company Gunvor. Quite soon it became a major supplier of Russian oil to foreign markets. Public and private worked with Gunvor oil companies- Rosneft, Surgutneftegaz, TNK-BP, Gazprom Neft. By the end of the 2000s, Gunvor became one of the three largest oil traders in the world: at the end of 2010, it sold 116 million tons of oil, revenue amounted to $68 billion.

The day before the sanctions, on March 19, 2014, Timchenko sold 44% of the trader to Tornquist, and now the basis of his fortune is stakes in Novatek, the country’s second largest gas company after Gazprom, and Sibur, the largest petrochemical holding. Timchenko also controls one of the leading construction companies Russia - Stroytransgaz, oil products carrier Transoil, invests in food production: it owns the Aquanika water production plant and apple orchards in Krasnodar region.

Timchenko family for a long time lived abroad - first in Finland, and then in Switzerland, but now, due to sanctions, she spends her time mainly in Russia. Timchenko's wife Elena heads their joint charitable foundation, which supports the older generation, develops sports and culture, and helps children. The eldest daughter Natalya studied English literature at Oxford, and now, according to Forbes sources, she has taken up filmmaking. Youngest daughter Ksenia graduated from the University of Edinburgh, where she studied philosophy and French. Her husband is Gleb Frank, the son of Sovcomflot CEO Sergei Frank, the couple has two children. Younger son Timchenko Ivan studies international relationships at the University of Geneva.

Number The ice palace in St. Petersburg, which plans to build the SKA club under the leadership of Timchenko by 2023, could cost 20 billion rubles. This will be the largest ice arena in the world.

Deal Timchenko is actively investing in Agriculture in the Krasnodar region, in particular in the production of apples. In December 2018, his structure became a co-owner of the Divnomorskoye Estate winery, which produces premium wines. The company has its own vineyards with an area of ​​47 hectares.

Brand Aquanika water.

Citizenship Finland, Russia.

Hobby Plays hockey, collects a collection of works by Soviet artists.

Charity Charitable Foundation Elena and Gennady Timchenko are involved in supporting the older generation, developing sports and culture, and helping children.

Sport President of HC SKA, Chairman of the Board of Directors of the KHL, Vice-President of the Russian Olympic Committee.

The wives of the majority of participants in the ranking of the richest businessmen in Russia according to Forbes version avoid publicity. Their names appear in the press either due to high-profile divorces, as in the case of Elena Rybolovleva and Natalia Potanina, or - much less often - in connection with personal successes, as in the case of Irina Viner and Stella Kesaeva .

Irina Viner, wife of Alisher Usmanov

Husband: Alisher Usmanov, founder and main shareholder of USM Holdings (No. 3 in the ranking.
What he does: head coach of the Russian rhythmic gymnastics team, trained several Olympic champions, including Alina Kabaeva.

How we met: Irina Viner-Usmanova and Alisher Usmanov met in the gym in Tashkent, where she trained from the age of 11 rhythmic gymnastics, and he - fencing. They later met in Moscow, when Wiener was already working as a gymnastics coach, and Usmanov was a student at MGIMO. Soon they began to live together. An offer of marriage Usmanov did it while in prison, after he was sentenced to 8 years in prison in the so-called “cotton case” (In 1989, the court overturned Usmanov’s conviction, and in 2000, the Supreme Court of Uzbekistan recognized that the 1980 conviction was unfair. Thus, the billionaire was found not guilty of the crimes charged to him and has no criminal record). From the conclusion, Usmanov sent Wiener a handkerchief, which, according to Uzbek custom, means a marriage proposal. They got married in 1992.
Children: Irina has a son, Anton Viner, but no children together.

Quotes:“I think that a loved one, a favorite activity is happiness given from above. Therefore, you need, no matter what, not to give up or betray this happiness” (in an interview with Forbes Woman)

“The wife makes the husband. At the request of a woman, a man becomes the same person she imagined him to be. I always told Alisher: “You are a genius! You're great!" And he became like this, although he went through many trials” (in an interview with Hello! magazine).

Marina Dobrynina, wife of Viktor Vekselberg

Husband: Viktor Vekselberg, Chairman of the Board of the Renova Group of Companies (No. 7 in the ranking richest Russians according to Forbes).

What he does: heads the “Good Century” charitable support foundation (founded in 2002), which helps children and adults with mental disorders. The main work of the foundation is to support state and public organizations; the foundation oversees more than 100 projects for the rehabilitation of mental patients, helps create rehabilitation centers. The foundation holds a festival of creativity for people with mental disorders “Ariadne’s Thread”. Since 2008, together with the Nikita Mikhalkov Foundation, “Urga-Territory of Love” has been helping film veterans. Vekselberg also has his own charitable foundation, “Link of Times.”

Dasha Zhukova, wife of Roman Abramovich

Husband: Roman Abramovich, private investor (No. 13 in the ranking of the richest Russians according to Forbes)

What he does: founder of the Garage Museum of Contemporary Art, was editor-in-chief of the fashion magazine Pop, heads Garage Magazine, one of the creators of the Kova & T clothing brand.

Quote:“I can’t say if I’m a good cook. I don't cook at all. When I was in college, we made a lot of Mexican food: omelettes and simple appetizers. But I love to bake, I love making cookies, cupcakes and cakes.”

“For me, work is not just work, it is always pleasure” (in an interview with The Guardian).

David Yakobashvili, founder and member of the board of directors of Wimm-Bill-Dann, with his wife Hellas (right) and Regina von Flemming, former CEO Axel Springer Russia

“My wife is in France. Whenever possible, I fly to her on weekends. I love being on the road. Besides, I have my own real estate business in Europe... I don’t feel lonely. We are talking. Now there are many electronic devices for this. Over these twenty years I have already gotten used to it. My whole life is in the office. I come home literally for a few hours - to sleep. I get up and go back to work. Work is the most important thing in my life” (David Yakobashvili in an interview with Itogi magazine).

Stella Kesaeva, wife of Igor Kesaev

Husband: Igor Kesaev, owner of the Mercury group of companies (No. 35 in the ranking of the richest Russians according to Forbes)

What he does: Collector of contemporary art, philanthropist, publisher. Founder of the Stella Art Foundation, commissioner of the Russian pavilion at the Venice Art Biennale. Owns the largest collection of Western and Russian artists in Russia, which includes 1,500 works. Stella’s husband helps finance the gallery. In 2004, Kesaeva organized the first exhibition of Ilya and Emilia Kabakov in Russia - “An Incident in a Museum and Other Installations” in the Hermitage.

Children: three children

Quote:“I grew up in the North, where my father worked as a geologist - there was no art there, only stones and the northern lights. During the holidays I went to Moscow and Leningrad, stood in lines at film festivals. And after getting married and moving to Moscow, there was absolutely nothing to do: children, housekeeping, no money, and it was unclear how to live further. In the early 1990s, we moved abroad, and I started visiting museums in New York and Geneva. Contemporary artists have become a real discovery for me. In general, what is more interesting to me is what cannot be explained, then the brain begins to work” (in an interview with “Dog” magazine).

“I am constantly adding to my collection, I love it, and I know that my children will be very happy to inherit these works. In 30 years they will probably go down in history” (in an interview with Forbes).

Elena Likhach, wife of Andrey Skoch

Husband: Andrey Skoch, deputy State Duma(No. 18 in the ranking of the richest Russians according to Forbes)

What he does: They met their husband Andrei Skoch more than 15 years ago, but only in 2011 did the lovers get married - in the closed Sporting Club establishment on the outskirts of Minsk (Elena is from Belarus). Philip Kirkorov congratulated the newlyweds.

Now Elena is pregnant - the child will be the fifth for her and the tenth for her husband (Skoch has 9 children in total, three of whom Elena gave birth to, and she, in turn, has a daughter from her first marriage). She tried herself as a denim designer, but in the end, the hobby brought only losses, and she quit it. She is famous for throwing parties at her house in Sardinia and, during the Cannes Film Festival, parking her yacht in front of the Eden-Roc, where the stars live.

Children: four children

Veronica Vardanyan, wife of Ruben Vardanyan

Husband: Ruben Vardanyan, partner at Vardanyan, Broitman and Partners (No. 81 in the ranking of the richest Russians according to Forbes)

What he does: Ruben Vardanyan’s wife agreed to become his wife three weeks after they met. Veronica, together with her husband, is the founder of the RWZ Foundation, which implements charitable projects in Russia and Armenia. Previously, she worked on projects in the hospitality industry, film production and distribution, and in 2009 she acted as a co-producer feature film“Coco Chanel and Igor Stravinsky”, which closed the Cannes Film Festival.

Children: four children

Quote:“We believe that children should be taught to take risks and have the strength and courage to step out of their comfort zone. You can only truly learn if you are constantly doing something new and constantly putting yourself in new circumstances. Otherwise there will be stagnation and lack of development. And in an ever-accelerating post-industrial society, these skills will become even more important” (in an interview with Prime traveler magazine).

Anna Kasyan

In 60 s extra years Gennady Nikolaevich Timchenko achieved unimaginable results. He is one of the largest figures Russian business. The famous oligarch is among richest people RF. His name is constantly present on the pages of Forbes magazine and other well-known publications, and his biography becomes the subject of controversy and omission. Exemplary family man, athlete, philanthropist. Under his control are largest companies. The billionaire is a trustee of multiple foundations, he was awarded the Legion of Honor and is in good relations with the Russian president.

Gennady Timchenko was born on November 9, 1952 in the city of Leninakan, located in the Armenian SSR. The childhood of the future oligarch was spent in multiple moves. This is explained by the fact that the boy’s father was a serviceman, who, due to his occupation, had to serve in different parts of the USSR and even abroad.

For the first 7 years of his biography, Gena lived in Armenia. In 1959, his father was transferred to the German Democratic Republic. Mother and son followed him. In the GDR, a boy began his school education, which in 1965, due to another move, he continued in Ukraine, in the city of Bolgrad (Odessa region).

Education

After graduating from school, Gennady Timchenko chose the profession of a conductor, but after unsuccessful attempts to enter one of the Leningrad schools, he abandoned this idea. The firm decision to obtain a higher education was realized in 1976 by entering the Leningrad Order of the Red Banner Military Mechanical Institute, which G. Timchenko successfully graduated in 1976 with a degree in mechanical engineering.

Gennady Timchenko

Career and business of Gennady Timchenko

The future oligarch began his career in 1976 as a shift foreman in a workshop. His first place of work was the Izhora plant, located in Leningrad region. The young engineer participated in the production of generators for nuclear power plants.

After working at IZ for 6 years, Gennady receives an invitation to a division of the Ministry of Foreign Trade of the Soviet Union, where he is appointed senior engineer. Here he works from 1982 to 1987. Many rumors are associated with this period of G. Timchenko’s life, which were spread even in serious media publications.

Occupying a responsible position in Vneshtorg, Timchenko had to spend a lot of time on business trips, most of which were abroad. This fact gave rise to suspicion that he was connected with the KGB of the USSR. Subsequently, the billionaire publicly denied these rumors.

In fact, the years of work at Vneshtorg became a springboard for fast career future oligarch. Business trips to Finland and Switzerland made it possible to become better acquainted with the foreign way of doing business and make connections, which later played an important role in the fate of Gennady Timchenko.

In 1987, on the basis of the Kirishi Oil Refinery, which at that time was one of the largest oil refineries in Russia, the KiNEks enterprise was formed, which has the right to export oil abroad. A year later, it is headed by Gennady Timchenko. Here he meets E. Malov and A. Katkov, who became his business partners. Their collaboration led to the creation of the Russian-Finnish joint venture Urals.

In 1991, G. Timchenko leaves the Russian Federation and goes to Suomi, where he begins work at Urals Urals Finland Oy (the Finnish division of Urals). There he receives Finnish citizenship. After 4 years, this organization is renamed International Petroleum Products Oy (IPP) and Gennady Nikolaevich becomes its head.

A couple of years later, the oil trading company Gunvor was born, in the creation of which the Swedish entrepreneur Thornborn Tornqvist took part, together with Timchenko. The new enterprise exports petroleum products from both state and private oil refineries. Among his clients are such “oil monsters” as: Gazprom Neft, Rosneft, Surgutneftegaz, TNK-BP. Thanks to this, in a short time Timchenko becomes richest businessman Russian Federation.

The apogee of the entrepreneur’s career was the creation in 2007 of Volga Resources, a venture company that collected Timchenko’s main assets. In 2013, the private investment fund was renamed Volga Group, by which name it is still known.

As a businessman confident in his influence and finances, since 2011 Gennady Nikolaevich’s interests are no longer limited to the oil and gas industry. With the help of Gunvor, he becomes the owner of a controlling stake in Kolmar, which is the largest Yakut coal mining enterprise. The oligarch is buying shares of the American company Signal Peak and the South African Exploration and Forbes Leeuw Mining. At the same time he becomes the owner of:

• German insurance company;
• trademark "Russian Sea".
• hotels in France;
• Scandinavian airline.

In 2014, politics played a cruel joke on Gennady Nikolaevich. His relationship with Vladimir Putin became the reason for falling under sanctions imposed against the Russian Federation by the United States and European Union. How experienced businessman, foreseeing a threat to his own finances, G. Timchenko began to quickly get rid of the most vulnerable assets. As a result, shares in Gunvor, shares in International Petroleum Products, etc. were sold. “Russian Sea” went to Gleb Frank, who is the oligarch’s son-in-law.

Since 2014, all assets of Gennady Timchenko have been transferred to the Russian Federation.

Net worth of Gennady Timchenko

It is not possible to reliably determine G. Timchenko’s fortune, but the growth of his capital can be determined from some facts of his biography reflected in the press.

Gennady Timchenko was first noted as one of the largest financiers in the Russian Federation in 2004. On the pages of the Kommersant-Dengi magazine he ranked fifteenth out of 100.

In the winter of 2005, the business weekly magazine “Finance” mentioned Timchenko. Among the 450 richest citizens of Russia, with a fortune of $35 million, the businessman occupies the bottom line of the ranking. “Finance” noted a similar situation in 2006.

The further enrichment of G. Timchenko can be observed according to information from Forbes magazine (capital in billions of dollars / place among the hundred richest citizens of the Russian Federation / place by capital in the world ranking):

• 2008 – 2.5/43/462;
• 2009 – 0.4/ – /98;
• 2010 – 1.9/36/536;
• 2011 – 5.5/26/185;
• 2012 – 9.1/12/189;
• 2013 – 14.1/9/62;
• 2014 – 15.3/6/61;
• 2015 – 10.7/9/118;
• 2016 – 11.4/5/85;
• 2017 – 16/59/4.

At the beginning of spring 2018, Gennady Timchenko’s fortune was estimated at $16 billion. This figure allowed him to hold 5th position in the circle Russian billionaires and be 82 in the world. However, the April sanctions imposed by the United States against the Russian Federation reduced the oligarch’s capital by $1.15 billion in one day.

Private life of Gennady Timchenko

In his personal life, the billionaire is a loving husband and caring father. With my future wife Gennady Mikhailovich met while studying at the institute, where she received her education as a radio engineer. 3 years later it was created new family. Elena gave her husband two daughters and a son.

Successful career financial tycoon made it possible to provide children with an excellent education. Natalia ( eldest daughter) studied at Oxford University. The youngest daughter, Ksenia, studied at the prestigious Edinburgh University. After studying at a Swiss school, Timchenko’s son returned to Russia to receive higher education here.

The oligarch devotes a significant part of his life to sports. He is a good tennis player, he skates alpine skiing. Hockey is not just a hobby for Gennady Timchenko. As Chairman of the Board of Directors of HC SKA and the Kontinental Hockey League, he often spends time on the ice arena, where famous hockey players (P. Bure), entrepreneurs (A. and B. Rotenberg), and high-ranking officials (S. Shoigu) become his partners and opponents , V. Potanin) and even the head of state (V. Putin).

The billionaire loves sailing. He has participated in the prestigious international regatta in the RC44 yacht class.

Timchenko's merits include philanthropy. Back in 1998, he and the Rotenbergs organized the Yavara-Neva judo club, where the current head of the Russian Federation, V. Putin, was named honorary president. Thanks to the billionaire, the Klyuch and Neva foundations were created, through which many sports and socio-cultural projects were implemented, and a permanent exhibition of Russian art was created in the Louvre. Under his trusteeship is the national geographical society and the Russian Chess Federation.

One of G. Timchenko's hobbies is collecting art.

Gennady Timchenko today

Now Gennady Nikolaevich Timchenko lives in Moscow, in the Sparrow Hills. He has a luxurious residence at his disposal, which was once occupied by Nikita Khrushchev.

Despite his advanced age, the creator of the oil empire has no intention of retiring and is actively involved in the financial and political life of Russia. As before, his name often appears on the front pages of all kinds of media and his companies are trusted with the most expensive projects.

And the fact that his main “brainchild” Volga Group is thriving can be judged by the increase in the company’s capital in December 2017 by 5.6 times.