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Altushkin
Igor Altushkin
Rank #854
RUSSIAMetals & MiningMetals

Igor Altushkin

Net Worth
$4.904B
0% (24h)
Igor Altushkin, a prominent Russian businessman, is the founder and largest shareholder of the Russian Copper Company (RCC), Russia's third-largest copper producer. His wealth source stems from his early career as a scrap metal trader in the 1990s, providing him with a strong understanding of the metals industry. As of July 8, 2024, his net worth is estimated at $5 billion. Altushkin's career highlights include founding RCC and being a key supporter of the Russian Orthodox Church. He is also known for his interest in boxing and target shooting, co-founding RCC Boxing Promotions. In 2017, he received the Order of Friendship from Vladimir Putin. His involvement in the Urals Battalion, a volunteer group fighting in Ukraine, has also been reported.

How to read Igor Altushkin's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Igor Altushkin, we anchor the narrative to Metals and Metals, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $4.904B alongside global rank #854, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (RUSSIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Igor Altushkin was born in Russia. While specific details about his childhood or family background are not widely available, his educational path suggests a focus on business and finance. He earned a Bachelor of Arts or Science degree from the Ekaterinburg Institute of Economics.

Rise to Success

Altushkin's path to wealth began in the early 1990s as a scrap metal trader. This experience provided him with foundational knowledge of the metals industry. He then transitioned into copper production, founding the Russian Copper Company (RCC) in 2004. RCC has become Russia's third-largest copper producer.

Key Business Strategies

Altushkin's success is tied to RCC's vertical integration strategy, controlling the entire copper production cycle from mining to sales. This approach allows greater control over costs and margins. Altushkin also expanded his business through strategic acquisitions.

Philanthropy

Altushkin is a key supporter of the Russian Orthodox Church. He co-founded RCC Boxing Promotions in 2016. Recent reports indicate that he is the principal financial backer of the Urals Battalion, a volunteer group fighting in Ukraine.

Career Timeline

2016

Co-founded RCC Boxing Promotions

Co-founded RCC Boxing Promotions to organize boxing bouts.

2017

Order of Friendship

Awarded the Order of Friendship by Vladimir Putin.

2004

Founder of Russian Copper Company (RCC)

Founded RCC, becoming Russia's third-largest copper producer.

1990s

Scrap Metal Trader

Began career as a scrap metal trader, gaining knowledge of the metals industry.

Philanthropic Impact

ReligiousNot publicly disclosed

Support for the Russian Orthodox Church

Key supporter of the Russian Orthodox Church

Military SupportNot publicly disclosed

Urals Battalion

Financial backer of the Urals Battalion, a volunteer group fighting in Ukraine.

Key Business Ventures & Holdings

CompanyStakeValue
Russian Copper Company (RCC)

Net Worth History

In-Depth Analysis

Early Life

Igor Altushkin was born in Russia. While specific details about his childhood or family background are not widely available, his educational path suggests a focus on business and finance. He earned a Bachelor of Arts or Science degree from the Ekaterinburg Institute of Economics.

Rise to Success

Altushkin's path to wealth began in the early 1990s as a scrap metal trader. This experience provided him with foundational knowledge of the metals industry. He then transitioned into copper production, founding the Russian Copper Company (RCC) in 2004. RCC has become Russia's third-largest copper producer.

Key Business Strategies

Altushkin's success is tied to RCC's vertical integration strategy, controlling the entire copper production cycle from mining to sales. This approach allows greater control over costs and margins. Altushkin also expanded his business through strategic acquisitions.

Philanthropy

Altushkin is a key supporter of the Russian Orthodox Church. He co-founded RCC Boxing Promotions in 2016. Recent reports indicate that he is the principal financial backer of the Urals Battalion, a volunteer group fighting in Ukraine.

Data Sources & Methodology

Figures for Igor Altushkin are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.