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Viktor Rashnikov Net Worth

Viktor Rashnikov Net Worth

Net Worth: $8.44 Billion

  • Source of Wealth Steel
  • Birth Place Magnitogorsk, Russia
  • Marital Status Married
  • Full Name Viktor Rashnikov
  • Nationality Russia
  • Date of Birth October 13, 1948
  • Ethnicity Russian
  • Occupation Businessman
  • Education Magnitogorsk State Technical University
  • Children 2
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About Viktor Rashnikov

Russian businessman Viktor Rashnikov has an estimated net worth of $8.44 billion as of December 2017, according to Bloomberg.

Viktor Rashnikov was born on October 13, 1948 in Magnitogorsk, Russia. He completed his Bachelor of Science Degree in Engineering from Magnitogorsk Mining and Metallurgical Institute. He is married and has two children. It was in 1967 when he started his career as a mechanic and eventually, he became the general director. He acquired almost 100% of the company by purchasing shares from the market. He has also fought off several take over attempts which are mostly associated with Iskander Makhmudov.

After 14 years of serving Magnitogorsk Iron & Steel Works (MMK), Viktor Rashnikov finally stepped down as the company’s chief executive officer in 2011. However, he remains  as the company’s Chairman of the Board. It was in 2007 when he made MMK public and listed it on London Stock Exchange. In addition to MMK, Rashnikov also holds investments in real estate as well as in the construction of a wedding palace in Moscow and Rossiya Hotel.