Viktor Rashnikov

$11.06B

as of 02/18/25

About Viktor Rashnikov

Viktor Rashnikov is the majority owner of Magnitogorsk Iron & Steel Works (MMK).

Rashnikov got his start as a mechanic at MMK back in 1967.

He built his ownership in the company to nearly 100% by buying shares on the market.

Rashnikov stepped down as CEO of MMK in 2011 after 14 years in the job. He was sanctioned by the EU and U.K. in March 2022.

His youngest daughter, Olga, joined the board and the strategic planning committee in 2012. She resigned from the board in March 2022.

In February 2022 Rashnikov transferred his shares of MMK from a Cyprus-registered company to Russian Altair LLC.

In November 2022 he received the award Hero of Labour of the Russian Federation from Vladimir Putin "for special labor service for the country and people".

Personal stats

Citizenship

Russian Federation

Source of wealth

Steel

Residence

Magnitogorsk, Russian Federation

Marital status

Married

Birth date

10/13/48 (age 76)

Number of children

Education

Master of Science in Engineering, Magnitogorsk Mining and Metallurgical Institute

Self-made

self-made