Viktor Rashnikov
$9.6B
Born
Oct 13, 1948
Age
77
Source of Wealth
Steel
Residence
Magnitogorsk,
Citizenship
Russia
Marital Status
Married
Children
2
Education
Master of Science in Engineering, Magnitogorsk Mining and Metallurgical Institute
- Viktor Rashnikov is the majority owner of Magnitogorsk Iron & Steel Works (MMK).
- Rashnikov got his start as a mechanic at MMK back in 1967.
- He built his ownership in the company to nearly 100% by buying shares on the market.
- Rashnikov stepped down as CEO of MMK in 2011 after 14 years in the job. He was sanctioned by the EU and U.K. in March 2022.
- His youngest daughter, Olga, joined the board and the strategic planning committee in 2012. She resigned from the board in March 2022.
- In February 2022 Rashnikov transferred his shares of MMK from a Cyprus-registered company to Russian Altair LLC.
- In November 2022 he received the award Hero of Labour of the Russian Federation from Vladimir Putin "for special labor service for the country and people".
- Rashnikov owns a 460-foot, $240 million (estimated value) yacht named "Ocean Victory."
- A passionate hockey fan, Rashnikov has been president of hockey club Metallurg Magnitogorsk since 1999.
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