German businessman Vladimir Iorich has an estimated net worth of $1.55 billion as of March 2013 according to Forbes. Most of Iorich's net worth is acquired from his investments in steel and mining industry.

This Russia-born German businessman is a large shareholder in Mechel AOA, a Russian steel and mining company run by billionaire Igor Zyuzin. In 2007, a intense dispute sparked between Iorich and Zyusin which led the former to sell his shares in the company. Eventually, he founded Pala Investments which was based in Zug, Switzerland. The company owns a couple of mining outfits in Sierra Leone, Canada and Australia.

Vladimir Iorich completed his bachelor's degree in engineering from Kuzbass Polytechnic Institute. He is currently married and has one child.