Viktor Rashnikov



Viktor Rashnikov (born October 13, 1948) is a Russian businessman. He made his fortune (estimated at $8.3 billion in 2017) in the iron and steel industry, being the majority owner of Magnitogorsk Iron & Steel Works (MMK), one of the world’s leading steel producers.

According to Forbes 2017 billionaire list, Rashnikov's net worth was $8,3 billion, making him the 14th richest person in Russia, and the 156th richest person in the world. He owns Ocean Victory, the 10th largest yacht in the world.

The businessman got his start as a mechanic at the metals outfit back in 1967 and worked his way up. He built his ownership to nearly 100% by buying shares on the market, and he fought off takeover attempts by companies associated with fellow billionaire Iskander Makhmudov. When he faced shortages of iron ore, he and his partners bought one of the biggest iron ore deposits in Russia. In 2007 he took MMK public on the London Stock Exchange and pocketed $1 billion. He stepped down as chief executive of MMK in 2011 after 14 years. His youngest daughter, Olga, joined the board and the strategic planning committee a year later. Most of his fortune is still held in MMK shares.
 

Victor Rashnikov voluntarily and compulsorily invested in high-speed projections

Business23.08.2018

Following Andrei Komarov from ChTPZ Group and Igor Altushkin from the Russian Copper Company, it was the turn of the Magnitogorsk Metallurgical Plant to donate money to the charter capital of the Urals Highway Partnership. The project foresees the construction of a high-speed road Chelyabinsk-Yekaterinburg for 366 billion rubles by 2025.

Rosprirodnadzor estimated damage to the environment caused by MMK

Business16.07.2018

Rosprirodnadzor calculated environmental losses from the activities of the Magnitogorsk Iron and Steel Works (MMK).

Victor Rashnikov was touched for ecology

Society18.06.2018

The Russian Interior Ministry and Rosprirodnadzor fell apart: the departments tirelessly check the Magnitogorsk Iron and Steel Works and its subsidiaries for compliance with environmental legislation. With this in the economy of Viktor Rashnikov, everything is deplorable and therefore it is possible that the latter "red director" is a little de-kulak.

Vladimir Lisin became the leading supplier of metal for football stadiums in Russia

Business18.06.2018

Magnitogorsk Metallurgical Combine of Viktor Rashnikov outperformed the largest metallurgists. However, the purchase of metal for the construction of stadiums "weather" Russian manufacturers still did not do because of its modest volume - an average of about 100 thousand tons per year.

The richest heirs of Russia

Business25.05.2018

Forbes presented the rating of the heirs of the richest businessmen of Russia for the third time. The first place was taken by Yusuf Alekperov, the second place was occupied by the children of Leonid Mikhelson, "bronze" - in the son and daughter of Andrei Melnichenko.

Magnitogorsk can not work in Turkey

Business10.05.2018

MMK postpones the launch of a hot shop at a factory in Turkey.

Viktor Rashnikov changed the business jet

Business09.05.2018

The owner of the 140-meter yacht Ocean Victory and the main shareholder of MMK could buy a Gulfstream for about $ 60 million.

Vladimir Lisin returned to the first place in the Russian list of Forbes

Business06.03.2018

The list of richest people in Russia, according to Forbes magazine, was replaced by the leader. He became the owner of a controlling stake in the Novolipetsk Metallurgical Combine (NLMK) Vladimir Lisin. His state of the publication was estimated at 19.1 billion dollars.

Dmitry Rybolovlev builds a yacht at the shipyard in the Netherlands

Business11.01.2018

The Russian billionaire will soon enter the elite club of Russian businessmen with yachts over 100 meters long.

The European Union punished Russian metallurgists for dumping

Business10.10.2017

The products of Severstal, MMK and NLMK are more expensive in Russia than in Europe. It did not cause any questions among the Russian authorities, but the Europeans made themselves alert.

Expensive Russian steel

Business01.09.2017

Russian metallurgists have grown rich by more than $1 billion in half a day.

Which Russian oligarch's yacht is longer?

Business05.06.2017

What yachts the Russian oligarchs have. 

When length matters

Society23.05.2017

How Roman Abramovich, Alisher Usmanov and other Russian billionaires buy and sell luxury yachts.

Melnichenko's mega-yacht was arrested in Gibraltar for a €15.3 million claim

Society20.02.2017

The lawyers of Nobiskrug shipyard have filed a lawsuit against the customer of the yacht for breach of contract.

Shalva Chigirinsky is not a pedophile, but can still become bankrupt

Business06.02.2017

The court in the United States closed the scandalous case of Shalva Chigirinsky. Now the businessman will focus on the lawsuits to Viktor Rashnikov in Cyprus. If he loses them, then the scandalous businessman will face bankruptcy.

Gref, Yevtushenkov and Rashnikova are united in venture capital investment

Business06.02.2017

Sberbank and Rashnikova company invested 2 billion rubles in the venture capital fund of the AFC "System".

Alexander Chigirinsky eyes the property of Viktor Rashnikov

Business05.12.2016

The Chigirinsky clan of scandalours developers confronted Viktor Rashnikov.

Chigirinsky brothers have nothing to lose but their debt

Business04.10.2016

The crisis in the construction industry in Russia is far from being over; virtually all companies experience serious problems today, not excluding even the big players.

Chigirinsky brothers demand $217 million from the owner of Magnitka

Business27.09.2016

They believe that Viktor Rashnikov and his partner bought their stake in the Moscow City projects at a price below the market.

Viktor Rashnikov copied Napoleon's library for his 118-room palace

Business02.09.2016

There's a copy of the Emperor's cabinet and an Olympic-sized swimming pool in the businessman's mansion with a total area of 6,000 square meters.