U.S. debt is even worse than it seems, and rising Treasury yields are now an ‘all-hands-on-deck situation,’ top economist warns Trump says he will spend up to $500 million of 'my money' to help Republicans in midterms How to secure edge AI in customer-owned environments | Microsoft Security Blog British army told to stop non-essential training exercises to save money Hugging Face goes from a ‘scrappy’ startup named after an emoji to $13 billion Nvidia acquisition AI visionary Ray Kurzweil is joining a Silicon Valley startup developing a brain computer system that involves snorting nano particles The IRS slashed its staff. One result? More taxes going uncollected Big tech is investing millions in data centers and saving a quick tax buck while doing it—leaving some states collecting revenue loss GoPro joins AI bonanza with pivot into data centers as shares skyrocket 38% The Pentagon is giving 3 million military and civilian workers access to ChatGPT and Grok through a secure AI platform built for ‘warfighter needs’

Viktor Rashnikov

Viktor Rashnikov

Viktor Rashnikov (#399)

Global Rank #399
Country Rank #19
Country Russia

Viktor Rashnikov is listed among the world billionaires tracked by Iconic Billionaires.

  • $ 9 B
  • Steel
  • Russia
  • M
  • 77 Years

Snapshot

Quick Facts

Global Rank #399
Country Rank #19
Net Worth $9.3B
Previous Worth $9.3B
Worth Change +$0.0B
Country Russia
Industry Steel
Age 77 Years
Gender M
Worth As Of May 3, 2026
Last Refreshed 08 Sep 2026, 12:00 AM
Residence Magnitogorsk, Russia
World Billionaires List Russia Billionaires Steel

Profile Data

Personal Stats

Age 77
Source Of Wealth Steel, Self Made
Residence Magnitogorsk, Russia
Citizenship Russia
Marital Status Married
Children 2
Education Master of Science in Engineering, Magnitogorsk Mining and Metallurgical Institute
Net Worth Change +$0.0B +0.0% from previous worth
Previous Net Worth $9.3B
Current Net Worth $9.3B

Worth as of May 3, 2026

About Me

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".

Insights

Did You Know?

Rashnikov was associated with a 460-foot, $240 million (estimated value) yacht named "Ocean Victory" but its ultimate ownership is currently unclear.

A passionate hockey fan, Rashnikov has been president of hockey club Metallurg Magnitogorsk since 1999.

Wealth Growth

Net Worth Growth Over Time

Tracking Viktor Rashnikov's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth
Period Change Worth Movement
Current Net Worth: $9.3B (May 3, 2026)

© Iconic Billionaires