Oleg Ossinovski is the richest man of Estonia

Transport tycoon Oleg Ossinovski has pulled further away from competitors for the label of the richest in the nation, despite losing over 10 million euros since the 2013 Äripäev annual list.

Hillar Teder, in real estate and the richest man in 2012, was again second, but continued to lose financial value, with the business daily valuing him at only 238.4 million euros, nearly 60 million less than a year ago, a 110 million drop since 2012. Ossinovski, father of Minister of Education Jevgeni Ossinovski, was valued at 286 million this year.

Both Teder and Ossinovski are heavily involved with business in the wider region, including Ukraine, although the conflict has had a greater effect on Teder, who has struggled to keep his real estate projects in Kyiv.

The rest of the top 10 for 2014 are:

Priit Piilmann – 183 (million euros), major shareholder in Viru Keemia Group (211 million euros in 2013)
Toomas Annus – 163, major shareholder of Merko real estate developer (143 million)
Armin Karu 153 – major shareholder of Olympic Entertainment Group (161 million)
Nerijus Numavicius 118 – owner of Maxima, continuing investing in Estonia (88 million)
Roman Stroykov 116 – Russian wholesale businessman (115)
Marcel Vichmann 114 – owner of Edelaraudtee and GoBus, among other businesses (117)
Fjodor Berman 112 – owner of BLRT Group (119)
Margus Kangro 108 – major shareholder in Viru Keemia Group (132)

Total value of the top 10 this year came to 1,591 million euros. That figure in 2013 was 1,708 million, according toÄripäev, which is responsible for the financial calculations.

Source: ERR

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