Sergei Tsikalyuk Net Worth $1 Billion
Sergei Tsikalyuk is the Chairman of the Board of Managers of Military Insurance Company (VSK) and he’s got an estimated net worth of $1 billion as of March 2013. Depending on the data collected by Forbes, he is the 107th richest man in Russia and is ranked 1342nd in the list of World Billionaires.
Since then, he served as the Chief Executive Officer of the business that initially provided health and life insurance for army personnel. In 2002, AIG declared its interest in buying the insurance company but the military was against the deal. Then chose to broaden the business right into a general insurance firm with half of its portfolio coming from auto insurance deals. Sergei Tsikalyuk is a grad of the Military Technical School and Military Academy. He earned a fiscal degree from the Plekhanov Russian Academy.
In 2011, Tsikalyuk sold a 25% position in VSK for $220 million to RESO, the group owned by billionaire brothers, Nikolai and Sergei Sarkisov. Last year, it was reported the deal might range from the insurance carrier, Soglasiye, which is owned by Mikhail Prokhorov. The merging of both companies led to the largest player in the insurance marketplace in Russia.