Dmitry Pumpyansky

Net worth over time

Biography

• Dmitry Pumpyansky got his start as a trader, then oversaw several metals plants in the Ural in the 1990s before taking over the Sinarsky Pipe Factory.
• Pumpyansky teamed up with fellow billionaires Sergei Popov and Andrei Melnichenko to acquire pipe conglomerate TMK, and then bought them out in 2006.
• Making pipes became the source of Pumpyansky's wealth. His TMK, a supplier to Gazprom since 1998, is No.1 in Russia.
• In 2011 Pumpyansky's JV with Siemens won a $2.7 billion contract from Russian Railways to deliver modern trains called Lastochka (swallow bird).
• In March 2021, Pumpyansky's TMK acquired an 86.5% stake in its rival, Russia-based steel producer ChelPipe Group, for 1.1 billion.
• His companies also gave a face lift to a stadium that hosted the 2018 World Cup in Ekaterinburg.
• Pumpyansky was sanctioned by the EU and U.K. in March 2022. He exited as TMK's beneficiary and resigned as a member of the board. Son Alexander also resigned as a member of TMK's board of directors.
• In 2022 his 236ft yacht Axioma was seized by Gibraltar authorities and then sold at the auction for $37.5m.
• Pumpyansky owns a gallery of modern art in Ekaterinburg, which exhibits some pieces from his own collection (mostly Russian artists).
• Pumpyansky has a PhD in economics, is the author of more than 70 scientific works, and taught GR in the Higher School of Economics based in Moscow.

Financial assets