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Valentin Gapontsev Net Worth

Valentin Gapontsev Net Worth

Net Worth: $1.09 Billion

Statistics
  • Source of Wealth IPG Photonics
  • Marital Status Married
  • Full Name Valentin Gapontsev
  • Nationality Russian
  • Date of Birth 1939
  • Occupation Businessman, Executive
  • Education Lviv Polytechnic National University
  • Children 1
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About Valentin Gapontsev

Recognized as the father of the fiber-laser technology in 2009, Valentin Gapontsev currently serves as the  Chairman of the Board and Chief Executive Officer of IPG Photonics which he founded in 1990. The company, which was founded in Russia  but now operates in a global level,  specializes on manufacturing fiber amplifiers and fiber lasers. The company also developed optical fiber lasers which are commonly used in a wide range of applications which include medical applications, telecommunications and materials processing. Valentin Gapontsev has an estimated net worth of $1.09 billion in June 2016 according to Forbes.

The company also became a leading supplier of components and spare parts for the telecom industry. In fact, IPG Photonics started operating in the US and Italy in 1998. It has also established manufacturing facilities in Italy, Russia and Germany. There are regional offices in Silicon Valley, Detroit, France, China, India, Korea, Singapore, UK and Japan.