Sergei Popov (businessman) explained

Sergei Popov
Native Name:Сергей Попов
Native Name Lang:ru
Birth Date:12 August 1971
Birth Place:Yekaterinburg, Russia
Education:Bachelor of Arts/Science
Alma Mater:Ural Polytechnic Institute
Occupation:Businessman, Investor
Children:2

Sergei Viktorovich Popov (Russian: Серге́й Викторович Попов; born 12 August 1971) is a Russian businessman and billionaire.

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.

External links

Notes and References

  1. Web site: Sergei Popov . June 1, 2022 . Forbes . en.
  2. Web site: Annual Report of OAO Siberian Coal Energy Company 2009. 2020-04-03.
  3. Web site: TMK. www.tmk-group.com. 2020-04-02.
  4. Web site: SUEK . 2016-11-28 . dead . https://web.archive.org/web/20160209004214/http://suek.com/en/ . 2016-02-09 .
  5. Web site: EuroChem Group. EuroChem Group. en-US. 2020-04-02.
  6. News: Russia's MDM Bank owners part ways. 2006-12-18. Reuters. 2020-04-02. en.
  7. News: BRIEF-Binbank shareholders launch squeeze-out for remaining MDM Bank shares. 2016-03-17. Reuters. 2020-04-02. en.
  8. News: Russia's Binbank to buy controlling stake in MDM bank - statement. 2015-06-30. Reuters. 2020-04-02. en.
  9. Web site: Moscow School of Management SKOLKOVO. school.skolkovo.ru. ru. 2020-04-02.