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Igor Altushkin Net Worth

Igor Altushkin Net Worth

Igor Altushkin Net Worth $1.2 Billion

Igor Altushkin is the creator and primary owner of RMK having an estimated net worth of $1.2 billion as of March 2013 according to Forbes. He is likewise the 85th richest individual in Russia and 1175th in the record of World Billionaires. Born in 1970, Igor Alexeevich Altushkin is a grad of Ekaterinburg Institute of Economics. Altushkin started rolling up his estimated net worth of $1.2 billion when he began trading scrap metals in the early 1990’s. Then he served as the General Director of Ekaterinburg Commerce and Industry Company (1993-2003), Aeron (1996-2003), and Uralelectromed Vortsvetmet, a business he established in 1997 which became the primary provider of scrap and copper to UGMK. In 2002, he was the board member in Revdinskiy Brickyard. From 2003-2007, he was the adviser to the Office of the President of Ural Bank for Reconstruction and Development. Together with Iskander Makhmudov and his UGMK mining company, he purchased in the autumn of 2009 a controlling stake in the Chelyabinsk Zinc Factory, the largest zinc producer in Russia. Most of Igor Altushkin’s net worth came from RMK, the third-largest copper producer in Russia. But in the spring of 2011, he sold a 20% position to Ruslan Baysarov. The money he made was used to buy giant coal field in Tuva from Sergey Pugachev who’s a former senator. He plans to invest more than $4 billion in the business. Yet, in 2012, he revealed that he just learned that he had a debt of around $2 billion. Then he returned the Tuva field to Pugachev.

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