Buryak Sergey Net Worth

Place of Birth. Education. A native of Donetsk. In 1989 he graduated from the Kiev Institute of National Economy (finance and credit). In 2002 he became a candidate of economic sciences.

Career. 1989-1991 – Post-graduate student, teacher of the Department of Finance of the Kiev Narxoz. 1991-1992 – Head of the Board of Arendkoopbank Ukrainian SSR (Kyiv). After the transformation of this financial institution into AB Brokbusinessbank, Buryak headed its board.

Six times in a row he became a People’s Deputy of Ukraine – II-VII convocations. During his stay in the People’s Deputies, he repeatedly changed political camps: he was a member of the Unity group, the NDP faction, the Renaissance of Regions group, the Democratic Union Party, the PPPU and the Labor Ukraine factions. However, all these deputy formations had a common feature – they were loyal to the policy of the then President Leonid Kuchma. Since December 2005, Buryak has been a member of the Yulia Tymoshenko Bloc faction, a member of the Batkivshchyna VO. Currently non-partisan.

During the years of work in the Verkhovna Rada, he worked in the committee on fuel and energy complex, transport and communications, in the committee on finance and banking.

On December 24, 2007, shortly after the formation of the Tymoshenko coalition government, he was appointed head of the State Tax Administration of Ukraine (according to the BYuT quota). He resigned on March 17, 2010 after the election of Viktor Yanukovych as president and the formation of a new Cabinet under the leadership of Mykola Azarov.

2012-2014 – People’s Deputy of the VII convocation from the Party of Regions, ran in the single-mandate constituency No. 190 in the Khmelnytsky region. First Deputy Head of the Verkhovna Rada Committee on Budget.

Since July 1999 – Member of the Council of the National Bank of Ukraine. Since 2003 – Member of the State Commission for the Strategy of Economic and Social Development.

On January 16, 2014, he voted for “dictatorial laws” – a package of anti-democratic laws that significantly limited the rights of citizens and freedom of speech.

Business. Sergey Buryak stood at the origins of the creation of Brokbusinessbank, of which he was a co-owner. The main companion is the younger brother Alexander Buryak (born 1970). According to the bank itself, as of January 1, 2014, Sergey Buryak – 9.3962%, Alexander Buryak owned 9.3961% of its shares. Brokbusinessbank was one of the largest banks in the country (according to the NBU classification). In 2013, Brothers Sergey and Alexander Buryaki signed an agreement on the sale of 80% of the shares of Brokbusinessbank to the VETEK group of Sergey Kurchenko. On June 10, 2014, the National Bank of Ukraine decided to revoke the banking license and liquidate the insolvent bank Brokbusinessbank.

The Buryak brothers are permanent figures in the ratings of the richest Ukrainians. According to Korrespondent magazine, in 2006 their joint fortune, with which they took 21st place in the ranking of the richest, was $ 354 million. In 2007, experts attracted by Focus magazine counted $ 550 million from companion brothers rating). And in February 2008, the same Focus added $1.040 billion to the assets of Brokbiznesbank’s co-owners, putting them in the 19th-20th position of the “table of ranks.” In 2014, Forbes estimated the fortune of Sergei Buryak at $42 million.

Things are going much better in agribusiness. Income of the corporation “Svarog West Group” increased by an average of 39%. According to preliminary estimates, Svarog’s revenue in 2012 exceeded UAH 600 million.

Views and assessments. According to media reports, Sergei and Alexander Buryaki were among the main sponsors of the BYuT. Perhaps it was this nuance that allowed them several times to go against the line of their own faction and its leader Tymoshenko. So, at the end of 2006, together with the deputies from the anti-crisis coalition, against the will of Tymoshenko, they voted for the adoption of the “anti-people” state budget-2007 and for the resignation of the “orange” Yuriy Lutsenko from the post of interior minister. Nevertheless, despite the forecasts of some colleagues in the bloc, the exclusion from the ranks of the faction (as happened with the co-owner of Zaporizhstal Vasyl Khmelnytsky) did not affect the “apostate” brothers. However, later Sergei Buryak called his will a mistake.

Shortly before the appointment of the co-owner of Brokbiznesbank as the head of the STAU, Tymoshenko motivated this ambiguous personnel decision in such a way: the candidate is a rich man, so he will not need to steal from a government position. In turn, some of the observers immediately noted a clear conflict of interest in the “combination” of one of the key government posts with a large stake in a commercial bank.

Already in the post of the country’s chief tax officer, Buryak promised that in 3-5 months the country would see a new tax code, that it would make the State Tax Administration more open and transparent structure, and that no one would dare to “look askance towards the” simplifyers “and cancel the single tax.

Regalia. Honored Economist of Ukraine (1998). Awarded with Orders of Merit II and III degrees.

Family. Married, has a son and a daughter.

According to reports in the domestic media, Sergei Buryak is the godfather of the third president of Ukraine, Viktor Yushchenko.