Tech

Grammarly founders become billionaires, richer than oligarchs Kolomoisky, Pinchuk

1 min read
Grammarly founders become billionaires, richer than oligarchs Kolomoisky, Pinchuk
Article image
(Courtesy of Grammarly)

Max Lytvyn and Alex Shevchenko (pictured left and center), the founders of Ukraine’s most expensive tech startup Grammarly, have entered the list of the wealthiest Ukrainians.

The assets of each are now worth at least $4 billion, according to Forbes Ukraine. This places them above oligarchs with household names, including Victor Pinchuk ($2.5 billion), Kostyantyn Zhevago ($2.4 billion), and Ihor Kolomoisky ($1.8 billion).

The Ukraine-born techies became billionaires after a $200 million investment deal catapulted Grammarly’s value to $13 billion.

This is the first time that tech entrepreneurs have reached the top of the wealthiest Ukrainians’ list. Other people on the list mainly have holdings in energy, banking and metallurgy.

Avatar
Daryna Antoniuk

Tech reporter

Daryna Antoniuk is a tech reporter at the Kyiv Independent. She worked in the same role at the Kyiv Post and has focused on Ukrainian startups, investment and the fintech market. Antoniuk previously was a tech reporter for Forbes Ukraine. Her work has also been published at Sifted and The Record. She graduated from Taras Shevchenko National University in Kyiv with BA in journalism and communications.

Read more
News Feed
Video

Ukraine is striking oil refineries deep inside Russia — but it’s not really the oil they’re after. The Kyiv Independent’s Dominic Culverwell explains how Ukraine’s drone campaign targets the high-tech equipment Russia cannot easily replace under sanctions.

 (Updated:  )

Polish Foreign Minister Radoslaw Sikorski’s visit came days after the largest Russian drone incursion into Polish airspace during a mass strike on Ukraine, in what Polish officials describe as a "deliberately targeted" strike and provocation.

When asked about the Ukraine-Russia talks, Kremlin spokesperson Dmitry Peskov replied that communication channels have been established and exist, but as of now, "it’s more accurate to say there is a pause" in dialogue.

Show More