Andrii Verevskyi
Source of wealth: agriculture
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Modules
Biography
Andrii Verevskyi is chairman and founder of Kernel Holding, an agricultural group based in Kyiv, Ukraine.
In 2010, Kernel became the biggest producer and exporter of sunflower oil in the country. In 2012, it accounted for 12% of world's sunflower oil exports.
Verevskyi took the company public in Warsaw in 2007. Since then, Verevskyi has been buying back shares, going from 38.05% to over a 95% stake in 2025, initiating a de-listing process.
In 2002, Verevskyi was elected to Ukraine's Parliament; he changed 4 party factions and acted as an advisor to the prime minister before leaving politics in 2013.
Kernel was founded in 2004 by combining several agricultural companies. At the outset, the company was in the grain exports business; it gradually grew into an agricultural and food processing group.
Financial Assets
The Great Lie of Mega-Fortunes: The Case of Andrii Verevskyi
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of Andrii Verevskyi, linked to Food & Beverage and 'agriculture', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 7 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.5 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.