Sergei Popov (businessman)

Sergei Viktorovich Popov (Russian: Серге́й Викторович Попов; born 1971) is a Russian businessman and billionaire.

Sergei Popov
Sergey Viktorovich Popov at the MDM-Bank event, 2008
Born (1971-08-12) 12 August 1971
Yekaterinburg, Russia
EducationBachelor of Arts/Science
Alma materUral Polytechnic Institute
Occupation(s)Businessman, Investor
Children2

Biography

Popov studied for his Bachelor's Degree in Bachelor of Arts/Science at the Ural Polytechnic Institute.[1]

In 1994, he co-founded Prodcontract,[2] supplying scrap metal to Russia's biggest metallurgical plants. In 1996 he co-founded MDM Business Concern.[1] From 1997 to 1999 he was a partner and business manager of the company.

In 2000 he became co-founder and Chairman of the Board of Directors of MDM Industrial Group. The Group identified three core business sectors: production of pipes, fertilisers and thermal coal, and began acquiring businesses in these sectors. Such large businesses as OAO TMK[3] (one of the leading producers of oil and gas pipelines in the world), SUEK[4] (the largest coal energy company in Russia), and Eurochem (one of the world's leading mineral fertiliser producers)[5] were established. During this period, in 2002, Popov became a 50% partner in MDM Bank.

In 2006, Popov sold the first of his business assets,[6] and in 2016 exited his remaining active investments with the sale of his stake in MDM Bank to B & N Bank.[7][8]

Popov is a founder member of the Moscow School of Management, Skolkovo.[9]

In 2010 Popov founded a private fund called Agat, which has a mentoring program that offers young businesspeople startup capital.[1]

Net worth

As per Forbes, his net worth was estimated at $3.1B in 2022, making him the 984th richest person in the world.[1]

References
  1. "Sergei Popov". Forbes. Retrieved June 1, 2022.
  2. "Annual Report of OAO Siberian Coal Energy Company 2009" (PDF). Retrieved 2020-04-03.
  3. "TMK". www.tmk-group.com. Retrieved 2020-04-02.
  4. "SUEK". Archived from the original on 2016-02-09. Retrieved 2016-11-28.
  5. "EuroChem Group". EuroChem Group. Retrieved 2020-04-02.
  6. "Russia's MDM Bank owners part ways". Reuters. 2006-12-18. Retrieved 2020-04-02.
  7. "BRIEF-Binbank shareholders launch squeeze-out for remaining MDM Bank shares". Reuters. 2016-03-17. Retrieved 2020-04-02.
  8. "Russia's Binbank to buy controlling stake in MDM bank - statement". Reuters. 2015-06-30. Retrieved 2020-04-02.
  9. "Moscow School of Management SKOLKOVO". school.skolkovo.ru (in Russian). Retrieved 2020-04-02.
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