Viktor Rashnikov
Russian businessman; majority owner and chairman of Magnitogorsk Iron & Steel Works (MMK)
| Viktor Rashnikov
| |
|---|---|
| Image | .jpg) Rashnikov in 2005 |
| Born | October 1948 (13 October per Forbes; 3 October per the EU sanctions listing) |
| Nationality | Russian |
| Residence | Magnitogorsk (Forbes) |
| Occupation | Businessman |
| Known for | Majority owner and chairman of MMK |
| Education | Magnitogorsk Mining and Metallurgical Institute (Forbes) |
Viktor Filippovich Rashnikov (born October 1948) is a Russian businessman and the majority owner of Magnitogorsk Iron & Steel Works (MMK).[1] Forbes gives his date of birth as 13 October 1948, while the EU sanctions listing gives 3 October 1948.[1][2] The EU and UK sanctioned him in March 2022.[1][2] On 12 November 2026 the Forbes Real-Time Billionaires list ranked Rashnikov 392nd in the world, with an estimated net worth of US$9.3 billion; Forbes lists the source of wealth as steel.[1][3] In the annual World's Billionaires list published in 2026, Forbes had ranked Rashnikov 372nd, at US$9.3 billion.[4]
Magnitogorsk Iron & Steel Works
Forbes says Rashnikov began at MMK as a mechanic in 1967 and later built his holding in the company to nearly 100% by buying shares on the market.[1] He stepped down as chief executive in 2011 after 14 years in the post.[1] The EU listing of March 2022 describes him as owner, chairman of the board and chairman of the strategic planning committee of MMK.[2] Forbes says that in February 2022 he moved his MMK shares from a company registered in Cyprus to a Russian company, Altair LLC.[1] His youngest daughter, Olga, joined the MMK board and strategic planning committee in 2012 and left the board in March 2022.[1]
Sanctions
The EU added Rashnikov to its sanctions list on 15 March 2022. The listing describes him as an oligarch and says MMK is one of Russia's largest taxpayers.[2] Forbes says the UK also sanctioned him in March 2022.[1] According to Forbes, in November 2022 Vladimir Putin awarded him the title Hero of Labour of the Russian Federation.[1]
Other interests
Forbes says Rashnikov has been president of the ice hockey club Metallurg Magnitogorsk since 1999. It says he was associated with a 460-foot yacht, Ocean Victory, but that its ultimate ownership is now unclear.[1]
Wealth history
Forbes has included this entry in its annual World's Billionaires list in 22 of the editions from 2001 to 2026 checked for this profile, starting with 2005. The table gives the rank and estimated net worth in each annual list.[4][1]
| Year | World's Billionaires rank | Net worth (US$ bn) |
|---|---|---|
| 2005 | 151 | 3.6 |
| 2006 | 185 | 3.6 |
| 2007 | 104 | 7.0 |
| 2008 | 73 | 10.4 |
| 2009 | 261 | 2.5 |
| 2010 | 71 | 9.8 |
| 2011 | 70 | 11.2 |
| 2012 | 183 | 5.6 |
| 2013 | 308 | 4.2 |
| 2014 | 609 | 2.8 |
| 2015 | 497 | 3.5 |
| 2016 | 403 | 3.8 |
| 2017 | 156 | 8.3 |
| 2018 | 164 | 9.3 |
| 2019 | 162 | 8.9 |
| 2020 | 200 | 7.3 |
| 2021 | 195 | 11.2 |
| 2022 | 375 | 6.6 |
| 2023 | 171 | 10.2 |
| 2024 | 203 | 10.6 |
| 2025 | 289 | 9.6 |
| 2026 | 372 | 9.3 |
International and political links
This section uses the same ten headings for every profile in this series. Only specific, sourced actions are included; company-level and foundation-level actions are labelled as such. Where nothing was found, the entry reads "No documented involvement found in sources checked."
Israel (investments, operations, donations, contracts, statements)
No documented involvement found in sources checked.
Zionist or pro-Israel organisations and lobbying groups
No documented involvement found in sources checked.
Jewish communal charities
No documented involvement found in sources checked.
Gulf states
No documented involvement found in sources checked.
China
No documented involvement found in sources checked.
Russia
Rashnikov's fortune rests on MMK, a Russian steelmaker. He was sanctioned by the EU and UK in 2022 and received a state award from Vladimir Putin in November 2022, according to Forbes.[1][2]
India
No documented involvement found in sources checked.
Palestinian or Arab causes
No documented involvement found in sources checked.
Home government
No documented involvement found in sources checked.
Other international links
No documented involvement found in sources checked.
Notes
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 Forbes, Forbes profile record for Viktor Rashnikov (Forbes data feed behind forbes.com/profile/viktor-rashnikov/) Forbes, live record, read 12 November 2026, accessed 12 November 2026.
- ↑ 2.0 2.1 2.2 2.3 2.4 Council of the European Union, Council Implementing Regulation (EU) 2022/427 of 15 March 2022 implementing Regulation (EU) No 269/2014 Official Journal of the European Union (EUR-Lex), 15 March 2022, accessed 12 November 2026.
- ↑ Forbes, Forbes Real-Time Billionaires data feed Forbes, live; downloaded 12 November 2026 09:42 UTC, accessed 12 November 2026.
- ↑ 4.0 4.1 Forbes, Forbes World's Billionaires list data feed, annual editions 2001–2026 (one file per year at this path with the year substituted; all 26 files downloaded and read) Forbes, annual lists; downloaded 20 October 2026, accessed 12 November 2026.