Anatoly Sedykh Net Worth

Net Worth: $1.7 Billion
  • Source of Wealth:

    Steel Pipes
  • Marital Status:

  • Full Name:

    Anatoly Mikhailovich Sedykh
  • Nationality:

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About Anatoly Mikhailovich Sedykh

Anatoly Sedykh is the President of the United Metallurgical Company (UMC) with an estimated net worth of $1.7 billion as of March 2013. Born Anatoly Mikhailovich Sedykh, he holds a degree in Bachelor of Science in Engineering from the Moscow Institute of Steel and Alloys where most of other Russian tycoons have attended. He also has a Ph.D. in Economics.

Sydykh started accumulating his estimated net worth of $1.7 billion when he worked as an economist at the Central Research Institute of Ferrous Metallurgy. He started a joint venture in scrap-metal recycling in 1989 with a $1.5 million loan from Sberbank, the largest bank in Russia. He has bought some shares in Vyksunsky Metallurgical Plant that produces pipes in the Urals region. He and his partners were the controlling shareholders in 1999. He then became the head of Vyksunsky Steel Works (VSW) where he helped the company move out of crisis in a short period of time in his tenure.

Anatoly Sedykh later established UMC, the second-largest pipe producer and biggest maker of train wheels in Russia. Last year, it got a deal with the state-owned monopoly Russian Railways to continue its wheel contract for an additional 12 years. By the time the contract will end, the firm will have already supplied more than 3 million wheels to the monopoly. UMC has struck two more massive deals. Its United Metal Company (OMK) is supplying an oil pipeline to China and a gas pipeline to Germany.

According to Forbes, Sedykh is the 61st richest person in Russia and ranked 882nd in the list of World Billionaires in March 2013.

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