Mikhail Kalashnikov Net Worth $20 Million
Mikhail Kalashnikov was known for developing firearms including AK47 assault rifle, AK74 and AKM. In 1944, he designed a gasoline-operated carbine for the new 7,6239mm cartridge. His winning entry, the Mikhtim was the model for the rifles. In1947, when he designed the AK47 which means Avtomat Kalashnikova model 1947. In 1949, AK47 became a regular assault rifle of the Soviet Army. During his whole career as an inventor of assault rifle, he created AKM, AK74 as well as other small weapons under his layouts. He married Ekaterina Kalashnikova and has 4 kids. On December 23, 2013, he died in his home at Izhevsk, Udmurtia, Russia after a drawn-out sickness.