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Former boxing champion Vitaly Kilschko bowed out of Ukraine presidential race on Saturday, endorsing the 48-year-old billionaire Petro Poroshenko. Poroshenko, known as the "Chocolate King" after his chain of confectionary shops made him one of the ten richest men in Ukraine, will now face Yulia Tymoshenko, the former Prime Minister of Ukraine who came in second in the 2010 election. Poroshenko already had a major lead in the polls before Klischko's departure.