Viktor Rashnikov
Magnitogorsk, Russia
Bachelor of Science in Engineering, Magnitogorsk Mining and Metallurgical Institute
Russia
steel, Self Made
$9,100,000,000
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#162 Billionaires 2019
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. His youngest daughter, Olga, joined the board and the strategic planning committee in 2012.
Rashnikov owns a 460-foot, $240 million (estimated value) yacht named "Ocean Victory." A passionate hockey fan, Rashnikov has been president of hockey club "Metallurg" (Magnitogorsk) since 1999.
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