Igor Altushkin: The Billionaire Behind Russian Copper Company

Igor Altushkin is a prominent figure in the world of business, particularly known for his significant contributions to the copper industry in Russia. With a net worth of an impressive $4.4 billion, he stands as one of the richest businessmen today. His journey from humble beginnings to becoming the founder and largest shareholder of the Russian Copper Company (RMK) is a testament to his entrepreneurial spirit and strategic vision.

Born in 1970, Igor Alexeevich Altushkin graduated from the Ekaterinburg Institute of Economics. He began his career in the early 1990s, a time marked by the transition from the Soviet Union to a market economy, which provided fertile ground for ambitious entrepreneurs. Initially, he dabbled in scrap metals trading, a venture that laid the foundation for his future successes. During this period, he served as General Director of several companies, including the Ekaterinburg Commerce and Industry Company and Uralelectromed-Vortsvetmet.

In 2002, Altushkin expanded his influence by taking a seat on the board of Revdinskiy Brickyard. His expertise and insights led him to become a consultant for the Office of the President of Ural Bank for Reconstruction and Development between 2003 and 2007. In a strategic partnership with Iskander Makhmudov, he acquired a controlling stake in the Chelyabinsk Zinc Factory in 2009, solidifying his position in the industry. Meanwhile, he founded RMK in 2004, which has since become his primary source of wealth and a leader in copper production in Russia.

Table of Contents

• Biography
• Business Ventures
• Key Takeaways

Biography

Igor Altushkin's career is a remarkable journey of resilience and innovation. Starting from his roots in Ekaterinburg, he navigated the changing landscape of Russia's economy, seizing opportunities that came his way. His education at the Ekaterinburg Institute of Economics equipped him with the knowledge and skills necessary for success in business.

Business Ventures

Altushkin's ventures have significantly impacted the copper industry, particularly through RMK, which is known for its substantial contributions to copper mining and production. His strategic acquisitions and partnerships have positioned him as a leading figure in this sector, demonstrating his keen business acumen.

Key Takeaways