Dmitry Pumpyansky Net Worth

What is Dmitry Pumpyansky’s Net Worth?

Dmitry Pumpyansky, a Russian businessman, has accumulated a net worth of $1.6 billion. Having initially made his fortune in the manufacturing of pipes, Pumpyansky has diversified his ventures over the years. Born on March 22, 1964, in Ulan Ude, Russia, he holds a Bachelor’s degree in metallurgy from the Ural State Technical University. Throughout his career, Pumpyansky has held various positions in the metallurgy industry, acquiring and managing different companies in the process.

Highlights

– Dmitry Pumpyansky’s net worth is estimated to be $1.6 billion

– He generated most of his wealth from the manufacturing of pipes

– Pumpyansky is the Chairman of the Board of Sinara Group and TMK

– He co-owns Sinara Group along with German industrial giant Siemens

– Pumpyansky has been involved in the renovation of a stadium for the 2018 World Cup

Early Life

Dmitry Pumpyansky was born on March 22, 1964, in Ulan Ude, Russia. He completed his Bachelor’s degree in metallurgy from the Ural State Technical University. With his educational background and passion for the industry, Pumpyansky embarked on a career in the metallurgy and pipe manufacturing sector, eventually becoming a prominent figure in the field.

Career

Pumpyansky’s career began as a trader and subsequently overseeing several metal plants in the Urals during the 1990s. He gained control of the Sinarsky Pipe Factory before acquiring a 35% stake in TMK, Russia’s largest pipe exporter owned by billionaires Sergei Popov and Andrei. In 2006, Pumpyansky purchased the remaining shares from Melnichenko and Popov, gaining full ownership of TMK. He then listed TMK on the London Stock Exchange and raised $1 billion.

However, due to financial circumstances, Pumpyansky had to relinquish his controlling share to state-owned banks as collateral for a $1.85 billion loan. Two years later, he successfully regained control of TMK. Alongside TMK, Pumpyansky also co-owns Sinara Group in partnership with German industrial giant Siemens. He has held leadership positions such as Chairman of the Board of Sinara Group and TMK, as well as leading the supervisory board of Rosselkhozbank, a prominent agricultural lender and the fourth-largest bank in Russia.

Personal Life

Information about Dmitry Pumpyansky’s personal life, including details about his height, remains undisclosed.

Net Worth Over Time

Dmitry Pumpyansky’s net worth has seen significant fluctuations over time due to various business ventures and financial circumstances. Starting with a fortune of $1.6 billion, he experienced a period where he had to surrender a controlling stake in TMK due to a loan arrangement with state-owned banks. However, he managed to regain control of the company and continues to be a prominent figure in the Russian business world.

Components of Net Worth

The majority of Dmitry Pumpyansky’s net worth comes from his investments and ownership in TMK, Russia’s largest pipe exporter. As the Chairman of the Board of Sinara Group and TMK, he has significant control over these companies, which contributes to his wealth. Furthermore, Pumpyansky’s involvement in other ventures, such as participating in the facelift of a stadium for the 2018 World Cup, showcases additional sources of his net worth.

Dive into the world of luxury with this video!