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Estonia’s richest people revealed in new list

  • 2014-09-30
  • By Rayyan Sabet-Parry, RIGA

(photo: RIA Novosti)

Estonia's richest man has been revealed.

Businessman Oleg Ossinovski who owns railway firm Skinest Rails tops the list for a second year in a row. The businessman's wealth is set to amount to over 286 million euros, according to the Aripaev newspaper who published a list of the top 500 wealthiest people in Estonia.

Hillar Teder is ranked in second place. The businessman owns a number of businesses included real estate and retail trade firms in Russia, Ukraine and Estonia. He also has shared in large shipping centers in Ukraine.

The third was chemicals businessman Priit Piilmann with 183.5 million euros. Priit Piilman owns the company Tristen Trade, which is the biggest shareholder of Viru Keemia Grupp (VKG).

The top ten included also construction businessman, major owner of the Merko Ehitus concern Toomas Annus with 162.91 million euros, casino businessman, Olympic Entertainment Group major owner Armin Karu with 153.1 million euros, Nerijus Numavicius with 118.5, Roman Stroykov with 115.7, Marcel Vichmann with 114.5, Fjodor Berman with 112.5 and Margus Kangro with 107.7 million euros.