Portrait of Sergei Popov

Rank #1408

Sergei Popov

Net worth $3.0B

Banking · Russia

Born
Aug 12, 1971
Age
54
Source
Banking
Residence
Moscow
Citizenship
Russia
Marital status
Married
Children
2
Education
Bachelor of Arts/Science, Ural State Technical University

Net worth over time

Biography

  • Sergei Popov has cashed out of all his major investments in recent years.
  • He and his former partner Andrei Melnichenko made a fortune managing finance and industrial group MDM.
  • They later created TMK, one of the world's largest oil and gas pipe manufacturers, with fellow billionaire Dmitry Pumpyansky.
  • They sold out to Pumpyansky in 2006. That same year the partners started to divide up their assets, a process completed in 2012.
  • In 2015 he sold MDM Bank to Russia's Binbank. Two years later it went bankrupt and came under the control of the Central Bank of the Russian Federation.
  • Popov is a founder of a private fund called Agat, which has a mentoring program that offers young businesspeople startup capital.
  • Popov hired a special public relations agency to help him stay out of the press.

Financial assets

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