Igor Altushkin Net Worth

Net Worth: $1.54 Billion
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    Igor Alexeevich Altushkin
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About Igor Alexeevich Altushkin

Igor Altushkin is the founder and principal owner of RMK with an estimated net worth of $1.54 billion as of May 2016 according to Forbes. He is also the 85th richest person in Russia and 1175th in the list of World Billionaires. Born in 1970, Igor Alexeevich Altushkin is a graduate of Ekaterinburg Institute of Economics.

Altushkin started accumulating his estimated net worth of $1.54 billion when he began trading scrap metals in the early 1990's. He then served as the General Director of Ekaterinburg Commerce and Industry Company (1993-2003), Aeron (1996-2003), and Uralelectromed-Vortsvetmet, a company he established in 1997 which became the main supplier of scrap and copper to UGMK. In 2002, he was the board member in Revdinskiy Brickyard. From 2003-2007, he was the consultant to the Office of the President of Ural Bank for Reconstruction and Development. Together with Iskander Makhmudov and his UGMK mining company, he bought in the fall of 2009 a controlling stake in the Chelyabinsk Zinc Factory, the largest zinc producer in Russia.

Most of Igor Altushkin’s net worth came from RMK, the third-largest copper producer in Russia. However, in the spring of 2011, he sold a 20% stake to Ruslan Baysarov. The money he earned was used to buy giant coal field in Tuva from Sergey Pugachev who is a former senator. He plans to invest more than $4 billion in the business. Yet, in 2012, he revealed that he just discovered that he had a debt of around $2 billion. He then returned the Tuva field to Pugachev.

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