Kiril Domuschiev

$2.90 B

Ranked #1458 in World

About Kiril Domuschiev

Renowned Bulgarian industrial magnate Kiril Petrov Domuschiev, born 1969, has made significant strides in business and football. With a Master's in Industrial Management from Sofia's Technical University, he co-founded a series of ventures with his brother, including Napredak Holding and Huvepharma EOOD. Domuschiev expanded into media by acquiring and later selling Nova Broadcasting Group. His football investment in PFC Ludogorets has led to unparalleled success. A committed philanthropist, Domuschiev's assets are valued at $4.2 billion by Forbes.

Born

April 18, 1969 in Sofia, Bulgaria

Age

57 years

Source Of Wealth

Animal Health, Investments

Industries

Diversified

Citizenship

Bulgaria

Residence

London

Spouse

Kremena Domuschieva

Kiril Petrov Domuschiev, a prominent Bulgarian industrialist, entrepreneur, and owner of PFC Ludogorets Razgrad, was born on April 18, 1969, in Sofia, Bulgaria. He completed his secondary education at the prestigious 9th French Secondary Language School Alphonse de Lamartine, laying the foundation for his future success.

Kiril Domuschiev: Family

Kiril Domuschiev is a family man, happily married with three children. His wife, Kremena Domuschieva, actively supports his philanthropic endeavors and shares his commitment to giving back to the community.

Kiril Domuschiev: Career Highlights

After completing his master's degree in Industrial Management and Marketing from the Technical University, Sofia, Kiril Domuschiev embarked on an impressive entrepreneurial journey. Together with his brother Georgi Domuschiev, he established several successful companies after 1990, demonstrating their business acumen and vision.

Kiril Domuschiev: Companies

Kiril Domuschiev's business ventures encompass a diverse range of industries. He founded the privatization fund Napredak Holding AD in 1996, acquiring shares in various Bulgarian companies. In 1999, he launched his own pharmaceutical business, Huvepharma EOOD, which has since grown into a global pharmaceutical company focused on human and veterinary medicine products.

In 2000, Kiril Domuschiev privatized Biovet AD, a veterinary products factory, further expanding his business portfolio. He also established Advance Properties OOD in 2003 with his brother Georgi, and through this company, they acquired 70% of Navigation Maritime Bulgare AD, a ship-owner company, in 2008. Kiril Domuschiev's business empire further expanded when he became the sole owner of BMF Port Burgas EAD, a port operator in Burgas.

Kiril Domuschiev: Major Achievements

Kiril Domuschiev's major achievements include his successful business ventures, particularly the growth of Huvepharma EOOD into a global pharmaceutical company. His involvement in football also brought significant achievements, as he launched his football project in 2010 by investing in PFC Ludogorets 1945 EAD in Razgrad, Bulgaria. The team earned promotion to the top tier of Bulgarian football and won an impressive nine consecutive league titles from 2011/12 to 2019/20.

Under his leadership, PFC Ludogorets 1945 EAD also participated in the prestigious UEFA Champions League and Europa League during this period.

Kiril Domuschiev: Awards & Achievements

Kiril Domuschiev's contributions to business and society have been widely recognized. He was named "Honorary Citizen of Razgrad" in 2012 and received the "Good Heart" award from the Ombudsman of Bulgaria in 2016. His leadership in the business community was acknowledged when he was elected Chairman of the Management Board of the Confederation of Employers and Industrialists in Bulgaria (CEIBG) in 2014 and re-elected in 2017. In 2020, he received the "Winner's Wreath," the highest state honor in sports, for his outstanding contributions to Bulgarian football.

Kiril Domuschiev: Personal Life & Legacy

Kiril Domuschiev is known for his philanthropic endeavors. Together with his wife, he established the Kremena and Kiril Domuschiev Foundation in 2011, which supports children's hospitals, specialist institutions, and various charitable activities. His commitment to giving back to society has left a lasting legacy of compassion and generosity.

Kiril Domuschiev: Trivia

Kiril Domuschiev's recent accomplishments include the acquisition of Nova Broadcasting Group, the largest media group in Bulgaria, through Advance Properties in April 2019. However, he later sold Nova Broadcasting Group to United Group in January 2021. In June 2019, he was presented with honorary citizenship of the US state of Nebraska. His wealth, shared with his brother Georgi, was estimated at $4.2 billion by Forbes magazine in November 2021. Huvepharma's commitment to environmental policies and green technologies led to its inclusion in the Fortune Global 500 ranking in December 2022. Kiril Domuschiev's influence extends beyond business, as he became a member of the Clinton Global Initiative Advisory Board in late 2022.

Wealth History

Timeline

April 18, 1969

Kiril Petrov Domuschiev is born in Sofia, Bulgaria.

1990

Kiril Domuschiev establishes several companies with his brother Georgi Domuschiev.

1996

Kiril Domuschiev founds the privatization fund Napredak Holding AD.

1999

Kiril Domuschiev launches his own pharmaceutical business, Huvepharma EOOD.

2000

Kiril Domuschiev privatizes Biovet AD, a veterinary products factory.

2003

Kiril Domuschiev establishes Advance Properties OOD with Georgi Domuschiev.

2008

Kiril Domuschiev acquires 70% of Navigation Maritime Bulgare AD through Advance Properties OOD.

2010

Kiril Domuschiev launches his football project by investing in PFC Ludogorets 1945 EAD in Razgrad, Bulgaria.

2011/12 - 2019/20

PFC Ludogorets 1945 EAD wins nine consecutive league titles in the top tier of Bulgarian football.

2011

Kiril Domuschiev establishes the Kremena and Kiril Domuschiev Foundation with his wife.

2012

Kiril Domuschiev is named 'Honorary Citizen of Razgrad'.

2014

Kiril Domuschiev is elected Chairman of the Management Board of the Confederation of Employers and Industrialists in Bulgaria (CEIBG).

2016

Kiril Domuschiev receives the 'Good Heart' award from the Ombudsman of Bulgaria.

2017

Kiril Domuschiev is re-elected as Chairman of the Management Board of CEIBG.

2019

Advance Properties acquires Nova Broadcasting Group, the largest media group in Bulgaria.

June 2019

Kiril Domuschiev is presented with honorary citizenship of the US state of Nebraska.

January 2021

Advance Properties sells Nova Broadcasting Group to United Group.

November 2021

Forbes magazine estimates the wealth of Kiril and Georgi Domuschiev at $4.2 billion.

December 2022

Huvepharma is featured in Fortune Global 500 ranking for its environmental policies and green technologies.

Late 2022

Kiril Domuschiev becomes a member of the Clinton Global Initiative Advisory Board.

Kiril Domuschiev : FAQs

What is Kiril Domuschiev's current net worth?

Kiril Domuschiev's current net worth is $2.90 billion.

What is Kiril Domuschiev's current global rank among billionaires?

Kiril Domuschiev holds the 1458th position globally among billionaires.

What is Kiril Domuschiev's current ranking within the Bulgaria?

Kiril Domuschiev holds the 2nd position in Bulgaria.

What was the change in Kiril Domuschiev's net worth compared to the previous year?

Kiril Domuschiev's net worth decreased by 34.62 million dollars compared to the previous year 2025, when his net worth was 2.93 billion dollars.

What are Kiril Domuschiev's main sources of wealth?

Kiril Domuschiev's main source of income comes from Animal Health, Investments.

In which industry does Kiril Domuschiev primarily operate?

Kiril Domuschiev is primarily involved in the Diversified industry.

How old is Kiril Domuschiev?

Kiril Domuschiev is 57 years old.

Who is Kiril Petrov Domuschiev and what are his main business ventures?

Kiril Petrov Domuschiev is a renowned Bulgarian industrialist and entrepreneur known for owning PFC Ludogorets Razgrad. He and his brother Georgi have established numerous companies post-1990, including Napredak Holding AD, Huvepharma EOOD, and Advance Properties OOD. They ventured into the pharmaceutical industry and ship-owning business, and acquired significant shares in Bulgarian companies.

What success has Kiril Domuschiev's football team PFC Ludogorets achieved under his ownership?

Under Kiril Domuschiev's ownership, PFC Ludogorets has seen immense success, including winning nine consecutive league titles from 2011/12 to 2019/20 and earning promotion to the top tier of Bulgarian football. Additionally, the team has participated in European competitions such as the UEFA Champions League and Europa League.

How has Kiril Domuschiev contributed to philanthropy in Bulgaria?

Kiril Domuschiev has made substantial philanthropic contributions by establishing the Kremena and Kiril Domuschiev Foundation with his wife in 2011. The foundation supports children's hospitals, specialist institutions, and engages in numerous charitable activities across Bulgaria.

What awards and recognitions has Kiril Petrov Domuschiev received?

Kiril Petrov Domuschiev has been honored with several awards and recognitions, including being named 'Honorary Citizen of Razgrad' in 2012, receiving the 'Good Heart' award in 2016, being elected as Chairman of the CEIBG twice, and receiving the prestigious 'Winner's Wreath' for sports in 2020.

What are the recent key developments and achievements of Kiril Domuschiev's businesses?

Recent developments in Kiril Domuschiev's business empire include the acquisition and subsequent sale of Nova Broadcasting Group, being granted honorary citizenship of Nebraska, the Forbes estimation of his and his brother's wealth at $4.2 billion in 2021, Huvepharma's recognition in the Fortune Global 500 for environmental policies, and his appointment to the Clinton Global Initiative Advisory Board in 2022.