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Viktor Rashnikov

Viktor Rashnikov

Viktor Rashnikov (#365)

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

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".
About Images

Achievements

Career Highlights

A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Viktor Rashnikov’s rise and global influence.

  • #289   Billionaires (2025)

Wealth Growth

Net Worth Growth Over Time

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

Current Net Worth: $9.3B (February 5, 2026)

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