In 1994, he became a non-staff consultant on monetary policy to the President
Leonid Kuchma. In June 2000 Tihipko left the
Yushchenko Government to take part in a parliamentary by-election on 25 June and eventually won a seat at the majoritarian constituency #36 in the
Dnipropetrovsk Oblast. Tihipko was Governor of the
National Bank of Ukraine in the years 2002–2004. Tihipko chaired the
election campaign in 2004 for presidential candidate Viktor Yanukovych. After the election Tihipko temporarily left Ukrainian politics, resigning as Labour Ukraine leader on 23 April 2005, to build up a bank which he sold to
Swedbank group for nearly $1 billion. Tihipko was an ally of former president
Leonid Kuchma. Analysts have claimed Kuchma should have given his support to Tihipko during the
2004 Ukrainian presidential elections instead of supporting
Viktor Yanukovych, however Yanukovych had more popular support.
Korrespondent estimated his fortune at $369 million in 2009.
Ukrainian presidential election, 2010 Tihipko was elected leader of the party
Strong Ukraine in November 2009. In January 2010, Tihipko declared "his team" will participate in the
2014 Kyiv local election. Tihipko was a candidate for
President of Ukraine in the
2010 presidential election. Of the 18 presidential candidates, Tihipko has declared the highest income to the
Ukrainian election Committee. He had an income of about $2.5 million in 2008 and told
Kyiv Post he had spent roughly the same amount on his presidential campaign till December 2009. “I will spend as much as I need. This is my own money.”) on his election campaign. Tihipko was defeated in the first round of the presidential election, receiving 13.05% of the vote; two candidates (
Yulia Tymoshenko and
Viktor Yanukovych) received more votes. On 22 January 2010, Tihipko warned outgoing president
Viktor Yushchenko could introduce a
state of emergency during the transfer of power after the presidential election 2010. Tihipko did not endorse a candidate for the run-off of the election. He did state he would agree to become
Prime Minister of Ukraine under the new president whose program is close to him. While (then) candidate Victor Yanukovych stated that Tihipko and (another 2010 presidential candidate)
Arseniy Yatseniuk would "have a good chance to be in the team that will unite Ukraine and will build our country together with me". According to a poll by
Research & Branding Group, as of 27 November Tihipko was running fifth in polls at 4.4%, behind
Viktor Yanukovych (32.4%),
Yulia Tymoshenko (16.3%),
Arseniy Yatseniuk (6.1%) and
Volodymyr Lytvyn (4.5%), and ahead of
Petro Symonenko (3.8%) and incumbent President
Viktor Yushchenko (3.5%). A poll conducted by
FOM-Ukraine in late November placed him in third place at 7.4%, with 23% of the respondents stating that they consider Tihipko "a promising young politician whom they would like to see at the presidential elections." Director of the Penta Center for Applied Political Studies Volodymyr Fesenko thought that this third-place by Tihipko could be explained by the fact that some voters started to consider Tihipko not only an alternative to the leader of the
Party of Regions Viktor Yanukovych, but as an alternative to fellow candidate
Arseniy Yatseniuk. According to a
Russian poll taken in the last week of the campaign, Serhiy Tihipko was to be the unexpected outsider, snapping the second place from Tymoshenko. According to the results of an exit poll initiated by the
ICTV TV channel, Tihipko would have won the 2010 presidential election if he had participated in the second round of the election.
Political career after the 2010 presidential election in July 2010 at the
Odesa International Film Festival On 11 February 2010, Tihipko stated that he would agree to become
Prime Minister of Ukraine if
President Victor Yanukovych offered him the post. On 15 February Yanukovych stated "I do not rule out the candidature of Tihipko. Tihipko is on the list which, in my opinion, will be discussed next week in
parliament". On 17 February 2010 Tihipko stated that he had met Yanukovych twice after the election to discuss issues of the country's development and that he had reached no agreement with the parliamentary faction of the
Our Ukraine-People's Self-Defense Bloc regarding their support of his candidacy for the post of Prime Minister. On 21 February 2010 President Yanukovych offered three candidates for the Prime Minister post: Tihipko,
Our Ukraine faction member
Arseniy Yatsenyuk and
Party of Regions lawmaker
Mykola Azarov. On 11 March 2010 Tihipko was elected as one of six deputy Prime Ministers (in charge of economic issues) in the
Azarov Government. This cabinet was reshuffled in December 2010; according to Deputy Head of the Situations Modelling Agency Oleksiy Holobutsky this resulted in Tihipko being responsible for all unpopular reforms. He was appointed
Vice Prime Minister of Ukraine –
Minister of social policy of Ukraine. In August 2011, Tihipko and
Prime Minister (and a Party of Regions leader), Mykola Azarov, announced that
Strong Ukraine and Party of Regions were going to team up and eventually Strong Ukraine would be merged into POR. Tihipko stated (in October 2011) he would become a Party of Regions member after the negotiations between the parties were concluded. The two parties merged on 17 March 2012. The same day, Tihipko was unanimously elected Party of Regions deputy chairman and member of the Party of Regions political council. In
the 2012 parliamentary election he was (re)-elected into parliament on the party list of Party of Regions. Tihipko did not return to a ministerial post after and hinted (in December 2012) that he would mainly deal with the ideology of Party of Regions since. He was one of the 36 members of the Party of regions faction (who consisted of 96 deputies) who voted in favour of the
impeachment of President
Viktor Yanukovych in February 2014.
Ukrainian presidential election, 2014 Tihipko is a self-nominated candidate for
President of Ukraine in the
2014 presidential election. Of the 23 presidential candidates, Tihipko has declared the highest income to the Ukrainian election Committee. He had an income of about ₴263 million in 2013. According to the first poll published after
Vitali Klitschko withdrew from the presidential race, as of 31 March Tihipko was running second at 17.9%, behind Petro Poroshenko (38.3%). On 29 March a Party of Regions convention supported
Mykhailo Dobkin's nomination as a presidential candidate. On 7 April 2014 the political council of the party expelled Tihipko from the party. On 23 April 2014 Tihipko announced that the
Strong Ukraine party would be re-established and that its 2012 merger with Party of Regions had been "a mistake". In the
2014 Ukrainian presidential election, he received 5.23% of the vote, ranking 5th among all candidates. He did do better than Dobkin, who gained 3.03%. But he was not elected into parliament because the party won one constituency parliamentary seat (only). ==Banking 2015 onwards==