Ukrainian-born businessman Vadim Yermolayev, who is reportedly among those fighting for his life after the suspected bomb explosion, is one of the wealthiest oligarch figures to emerge from the country’s industrial sector.
Yermolayev is described in public sources as a Cypriot-based businessman of Ukrainian origin. He is a real estate developer, best known for his role in developing projects in the city of Dnipro.
He is associated with the Alef Group, a commercial and industrial conglomerate founded in 1997, with interests spanning real estate, manufacturing, agribusiness, alcohol production and trade.
Public estimates of his wealth have varied widely over time, with figures ranging from around $173 million to more than $800 million.
According to publicly available reports, Yermolayev obtained Cypriot citizenship in 2019 and later renounced his Ukrainian citizenship.
He is under sanctions in Ukraine.
