 He then rose to prominence as a business oligarch in newly independent Ukraine, taking control of privatised steelmaker Zaporizhstal.He co-founded, with Alexander Shnaider, Midland Group, a holding company headquartered in Guernsey that embraces interests in steel (including Zaporizhstal, Ukraine's fourth largest steel mill), shipping, real estate, agriculture and sports.Together they own a share in Trump Tower Toronto and formerly owned Maccabi Tel Aviv and a Formula One team, Midland F1 Racing.