Ukrainian Billionaire Leads Country’s Philanthropy
August 8, 2008 | Read Time: 1 minute
The Ukrainian oligarch and billionaire, Victor Pinchuk, has emerged as one of the country’s biggest philanthropists, reports The New York Times.
Mr. Pinchuk, 47, has given money to support an AIDS-awareness campaign in Ukraine and has established himself as one of the more prominent non-American donors to the foundation created by former President Bill Clinton.
Although Mr. Pinchuk’s lavish spending has drawn some criticism in Ukraine, where inflation and AIDS are rampant, he has gained the endorsement of leaders such as Kofi Annan and George Soros, whose foundations he aids. “He is behaving like an enlightened capitalist, and there are not many in that part of the world,” said Mr. Soros.
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