Monday, December 5, 2022

Grammarly founders become billionaires, richer than oligarchs Kolomoisky, Pinchuk

by Daryna AntoniukNovember 24, 2021 3:12 am
(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.

Daryna Antoniuk
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.

Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.