Sydykh started collecting his estimated net worth of $1.7 billion when he worked as an economist at the Central Research Institute of Ferrous Metallurgy. He started a joint venture in scrap metal recycling in 1989 with a $1.5 million loan from Sberbank, the largest bank in Russia. He’s purchased some shares in Vyksunsky Metallurgical Plant that makes conduits in the Urals area. He and his partners were the controlling investors in 1999. He then became the head of Vyksunsky Steel Works (VSW) where he helped the business move out of disaster in a short period of time in his tenure.
Anatoly Sedykh Net Worth $1.7 Billion
According to Forbes, Sedykh is the 61st wealthiest individual in Russia and rated 882nd in the record of World Billionaires. Anatoly Sedykh afterwards established UMC, the second-greatest pipe producer and biggest manufacturer of train wheels in Russia. A year ago, it got a deal together with the state-owned monopoly Russian Railways to carry on its wheel contract for an additional 12 years. From time the contract will end, the business may have already provided more than 3 million wheels to the monopoly. UMC has reached two more gigantic deals. Its United Metal Company (OMK) is providing an oil pipeline to China along with a gas pipeline to Germany.