Rank #1504
Mikhail Shelkov
Net worth $2.8B
Titanium · Russia
- Born
- May 30, 1968
- Age
- 57
- Source
- Titanium
- Residence
- Moscow
- Citizenship
- Russia
- Marital status
- Children
- 0
- Education
- Master of Science, Moscow Institute of Physics and Technology
Net worth over time
Biography
- Mikhail Shelkov is the former head of the investment division of state-owned Rostec, which controlled military contractors in Russia.
- Shelkov's former boss Sergey Chemezov, CEO of Rostec, is a member of Putin's inner circle, befriending Russia's president in Germany in the 1980s.
- From 2012 to 2014, Shelkov and partners bought a controlling stake in VSMPO-AVISMA Corporation from Rostec and Gazprombank.
- VSMPO-AVISMA is the world's largest titanium producer for the aerospace industry, which once counted Boeing, Airbus and Rolls-Royce as customers; In 2022 they ceased sourcing from the company.
- In 2022 he bought aluminum factory in the Samara region from Arconic, a former division of Alcoa, stopped operations in Russia, for $230m.
- In 2019 Shelkov launched Empathy Foundation, which supports school teachers in Russia.
Financial assets
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