TodayChance of a Thunderstorm25°C
London, United Kingdom
TodayChance of Rain14°C
New York, United States
TodayChance of Rain17°C
Greek Rich List News
Russian Cement Billionaire Filaret Galchev Has Greek Citizenship
Filaret Galchev (AKA Filaretos Kaltsidis) net worth $4.4B according to Forbes World Billionaires.
Eurocement Holding AG, Russia’s largest cement producer and owner of a 10.1 percent stake in Holcim AG, said billionaire chairman and main shareholder Filaret Galchev holds dual Greek-Russian citizenship.
Galchev, 48, ranked 31st richest among Russian billionaires by Forbes magazine with a fortune of $4.4 billion, is known as Filaretos Kaltsidis in Greece, Eurocement said in a statement.
If he qualifies and is profiled in the new Greek Rich List – that is scheduled for release in early 2013 – he would currently be placed at No.1 in front of Spiro Latsis and another possible new entry Aristotelis Mistakides with a $2.8B fortune.
Kaltsidis’s Eurocement has capacity to produce as much as 38 million metric tons of cement currently and plans to expand capacity to 50 million tons by 2015, the company said in its statement. Eurocement plans to spend $1 billion on the development of its ready mix and aggregate businesses, it said.
Source: Bloomburg, By Ilya Khrennikov