- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $5.5 Billion
- Birthdate:
- Aug 12, 1971 (53 years old)
- Birthplace:
- Russian Soviet Federative Socialist Republic
- Gender:
- Male
- Nationality:
- Russia
How Did Sergei Popov Build His $5.5 Billion Empire?
Let me tell you about Sergei Popov, a Russian billionaire whose story is nothing short of extraordinary. With a net worth of $5.5 billion, Popov has carved out a name for himself in the world of business. Born on August 12, 1971, in the Russian Soviet Federative Socialist Republic, Sergei Viktorovich Popov didn’t start as a billionaire. His journey began when he graduated from the Ural Polytechnic Institute, specializing in power engineering. But here's the kicker: it wasn't just his education that set him on this path—it was his relentless drive and vision.
In 1993, Popov joined the Ural-Siberian Commercial and Industrial Company, a move that would eventually lead him to co-found the MDM business Concern in 1996 with his partner, Andrei Melnichenko. At first, Popov wore many hats, acting as both a partner and business manager. But by 2000, he had already evolved into one of the founding members of the MDM Industrial Group, which became the cornerstone of his financial success.
Building an Empire: The Companies That Made Sergei Popov a Household Name
Popov and Melnichenko weren’t content with just one company—they went on to create some of Russia’s most prominent enterprises. Together, they founded TMK, Russia’s leading pipe exporter, SUEK, an independent coal producer, and Eurochem, the largest mineral fertilizer manufacturer in the country. These ventures weren’t just successful—they were game-changers in their respective industries.
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But as they say, all good things must come to an end—or at least evolve. In 2006, the duo decided to part ways and began dividing their assets. By 2012, the split was finalized, allowing Popov to focus on his true passion: banking. This decision led him to merge with banking magnate Igor Kim’s Siberian Ursa Bank, solidifying his position in the financial sector.
Sergei Popov’s Current Holdings: A Closer Look
Today, Sergei Popov owns a staggering 77% of MSM Bank and nearly 50% of SUEK. His portfolio reflects not only his business acumen but also his strategic foresight. Popov’s ability to navigate complex industries and adapt to changing markets has been key to his success. Whether it’s through mergers, acquisitions, or simply building from the ground up, Sergei Popov continues to expand his empire, proving that he’s not just a billionaire—he’s a visionary.
