Vasyl Khmelnytsky

“When the country’s economy starts to grow, all assets, including mine and other businessmen’s, will become more costly. We will become richer. This is the business model; people are not aware that the projects are not created for profit here and now. Our projects have longer than a ten-year horizon”, stated Vasyl Khmelnytsky.

He is the majority shareholder at the UDP company. As of 2018, the UDP company has launched construction projects with an area of more than 3 million square meters and has become one of the largest real estate developers and infrastructure enterprises in the country. Among its most famous projects are the construction of Ocean Plaza Mall, Novopecherski Lypky, Boulevard of Fountains, RiverStone and Parkove Misto residential complexes.

As of July 2018, the value of assets belonging to the holding company Ufuture was $750 million.

Vasyl Khmelnytsky and his partners invested $42 million in the research and production facility of Biopharma LLC. The opening of the new complex took place in summer 2018.

In 2017, the Ukrainian journal Novoye Vremya placed him on Top 100 Richest Ukrainians at 36th place with $114 million.

At the European Business Summit on June 2, 2016, Vasyl Khmelnytsky presented a strategy for the development of Ukrainian regions exemplified by Bila Tserkva, until 2025. The project involves attracting $250 million investment, creating seven thousand jobs, an industrial park, a technological cluster and a business incubator.

On June 16, 2016 in Beijing, he took part in establishing the Belt & Road Industrial and Commercial Alliance (BRICA).

Vasyl Khmelnytsky joined the Ukrainian League of Industrialists and Entrepreneurs (ULIE) in a position of a Vice-president in 2014. Since 2015, as the First Vice-president of ULIE, he has been actively involved in the promotion of Ukraine in the global arena, attracting foreign investments, technology and expertise to Ukraine, developing manufacturing and regional projects. At the beginning of 2019 he gave up his power in the ULIE in order to fully concentrate on the development of business and social projects of his holding company UFuture.

During the parliamentary elections in Ukraine in 2014 he did not run for election. He left political activity in 2015. As of July 2018, he does not belong to any political party.

In 2013, the Focus magazine estimated Vasily Khmelnytsky’s wealth at $888.6 million (ranked 21st in the 200 Richest People of Ukraine Rating”). In 2015 Forbes ranked Khmelnytsky 35th on Forbes Top 100 Richest with a fortune of $148 million. According to the rating of the Korrespondent magazine he takes 73rd place on the list of the most influential people of Ukraine.

«We always preferred working in partnership. We believe that this reduces risks and increases revenue. Almost in all projects from 25% to 60% belongs to our partners» – V. Khmelnytsky, Kommersant Ukraine.

From 2004 to 2008 he extensively invested, buying and selling his own assets. In 2006, an effective sale of a majority stake in the Zaporizhstal metallurgical plant took place. This transaction brought Khmelnytsky $400 million.

Khmelnytsky was a people's deputy of five convocations. He was elected to the parliament for the first time in 1998, representing the Party of Greens of Ukraine. During his tenure, he was a member of the Yuliya Tymoshenko Bloc (YTB) parliamentary faction and the Party of Regions. He completed his political activities as a member of the Sovereign European Ukraine deputy group.

In 1984 he graduated from the technical vocational school majoring in "fitter welder" in the city of Vatutine, Cherkasy region. In 1987-1991, after a military service in the Soviet Army, he worked as a gas electric welder and a foreman at the construction and assembly department in Leningrad. In 1991-1998 he worked as: Head of the Information-Analytical Department at the Orimi Wood Soviet-American Joint Venture (Leningrad), CEO at JSC Danapris, Head of the Information-Analytical Department at JSC Real-Group. In 2002 he graduated from the Faculty of Law of Taras Shevchenko National University of Kyiv.

Vasyl Khmelnytsky (born 10 September 1966, village of Bayanaul Pavlodar Region Kazakhstan, USSR) is a Ukrainian entrepreneur and founder of holding company UFuture.