The leader of the “European Solidarity” party, Petro Poroshenko, has seen a significant increase in his personal wealth in just one month. According to the latest financial disclosure report, his total assets have grown by almost two billion hryvnias, which is equivalent to around 70 million US dollars.
This news has caused quite a stir in Ukraine, with many questioning how such a vast increase in wealth could happen in such a short period of time. Some have even accused Poroshenko of using his political influence for personal gain. However, a closer look at the numbers reveals a different story.
Firstly, it is important to note that the majority of Poroshenko’s assets are in the form of shares in his confectionery company, Roshen. As the company’s profits have been steadily increasing, so too have the value of his shares. In fact, Roshen’s net profit for the first half of 2021 was 2.5 times higher than the same period last year, which explains a significant portion of the increase in Poroshenko’s wealth.
Furthermore, the value of the Ukrainian hryvnia has also played a role in the growth of Poroshenko’s assets. Over the past month, the hryvnia has appreciated against the US dollar, meaning that any assets held in hryvnia would have increased in value when converted to dollars.
It is also worth noting that Poroshenko’s assets are not just limited to Roshen shares. He also owns several properties, including a luxurious apartment in downtown Kyiv, and has investments in various businesses. These assets have also seen an increase in value, contributing to his overall wealth.
But perhaps the most important factor to consider is Poroshenko’s successful business background. Before entering politics, he was a successful businessman, with a net worth of over one billion dollars. His experience and expertise in the business world have undoubtedly played a crucial role in his ability to grow his assets.
Despite these explanations, some may still question the legitimacy of Poroshenko’s wealth. However, it is essential to remember that he has been transparent in disclosing his assets, as required by law. He has also been subject to numerous financial audits, which have not found any evidence of wrongdoing.
Moreover, Poroshenko has been actively involved in charitable work, donating a significant portion of his wealth to various causes. He has also used his resources to support Ukraine’s economy, creating jobs and promoting economic growth.
In light of all these factors, it is clear that the increase in Poroshenko’s wealth is a result of his hard work and business acumen. It is a testament to his success as a leader and his commitment to contributing to the development of Ukraine.
It is also worth mentioning that Poroshenko’s party, “European Solidarity,” has been actively involved in promoting democratic values and advocating for Ukraine’s integration into the European Union. As the leader of this party, Poroshenko has been a strong and vocal advocate for Ukraine’s sovereignty and independence.
In conclusion, the recent increase in Petro Poroshenko’s wealth is a reflection of his successful business career and his dedication to serving the people of Ukraine. It is not a result of any unethical or illegal activities, as some may suggest. As a leader, Poroshenko continues to inspire and motivate others to strive for success and contribute to the development of their country.
