Russian businessman and banker Sergei Popov is the Vice Chairman of the Board of Directors of MDM Bank who has an estimated net worth of $4.7 billion as of December 2015 according to Forbes. He is 24th richest person in Russia and is ranked 210th in the World Billionaires list.
Mr. Popov began his professional career after he graduated from the Ural State Technical University with a specialization in Industrial Heat Power Engineering in 1993. He has accumulated his estimated net worth when he became a partner in the Ural-Siberian Commercial and Industrial Company.
In 1996, Sergie Popov co-founded MDM Business Concern along with fellow billionaire Andrei Melnichenko. Between 1997 and 1999, he was a partner and business manager of the company that bought assets, thus creating TMK, the largest pipe exporter in Russia, and Eurochem, the biggest mineral fertilizer producer in the country. In 2000, he became a founding member of MDM Industrial Group.
The business partners also founded SUEK, the largest independent producer in Russia. In 2006, they began splitting their assets which they finished in 2012. In 2012, Sergei Viktorovich Popov merged his MDM Bank with the Siberian Ursa Bank of Russian banking magnate Igor Kim.