NetWorth
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Popov
Sergei Popov
Rank #1385
RUSSIA•Finance Investments•Banking

Sergei Popov

Net Worth
$3.017B
0% (24h)
Sergei Popov, born on August 12, 1971, is a prominent Russian businessman and investor. His career spans several key ventures in banking and industry, including co-founding the MDM Group, and TMK, Russia's largest pipe manufacturer. Popov's financial acumen led to significant wealth accumulation, placing him among the world's billionaires. He is known for his strategic investments and has demonstrated a commitment to supporting young entrepreneurs through his private fund, Agat. Popov's diversified portfolio and strategic business decisions reflect his successful career in the financial sector, contributing to his current net worth.

How to read Sergei Popov'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 Sergei Popov, we anchor the narrative to Banking and Banking, 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 $3.017B alongside global rank #1385, 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 and Education

Sergei Viktorovich Popov was born in Yekaterinburg, Russia, on August 12, 1971. He received a Bachelor's degree in Bachelor of Arts/Science from Ural Polytechnic Institute.

Rise to Success

Popov's career began in the 1990s as a metals trader. In 1994, he co-founded Prodcontract, a company that supplied scrap metal to Russia's largest metallurgical plants. In 1996, he co-founded MDM Business Concern with Andrei Melnichenko. From 1997 to 1999, he served as a partner and business manager of the company. In 2000, Popov became a co-founder and Chairman of the Board of Directors of MDM Industrial Group. Under his leadership, the Group focused on producing pipes, fertilizers, and thermal coal, leading to the establishment of major businesses like OAO TMK (oil and gas pipelines), SUEK (coal energy), and Eurochem (mineral fertilizers).

Key Business Strategies

A key strategy was forming partnerships, particularly with Andrei Melnichenko, to build a diversified portfolio of companies. Popov was also involved in the creation of TMK (Trubnaya Metallurgicheskaya Kompaniya), one of the world's largest oil and gas pipe manufacturers. In 2003, Popov became a 50% partner in MDM Bank. He sold his assets in 2006 and exited his remaining active investments with the sale of his stake in MDM Bank in 2016.

Philanthropy

Popov founded Agat in 2010, a private fund, which has a mentoring program offering startup capital to young businesspeople.

Career Timeline

2010

Founded Agat

Established a private fund to support young entrepreneurs.

2003

50% Partner in MDM Bank

Significant banking venture.

2000

Chairman of the Board of Directors of MDM Industrial Group

Focused on pipe, fertilizer, and thermal coal production.

1996

Co-founded MDM Business Concern

Partnered with Andrei Melnichenko.

1994

Co-founded Prodcontract

Supplied scrap metal to Russia's biggest metallurgical plants.

Philanthropic Impact

EntrepreneurshipUndisclosed

Agat Fund

Mentoring program providing startup capital to young businesspeople.

Net Worth History

In-Depth Analysis

Early Life and Education

Sergei Viktorovich Popov was born in Yekaterinburg, Russia, on August 12, 1971. He received a Bachelor's degree in Bachelor of Arts/Science from Ural Polytechnic Institute.

Rise to Success

Popov's career began in the 1990s as a metals trader. In 1994, he co-founded Prodcontract, a company that supplied scrap metal to Russia's largest metallurgical plants. In 1996, he co-founded MDM Business Concern with Andrei Melnichenko. From 1997 to 1999, he served as a partner and business manager of the company. In 2000, Popov became a co-founder and Chairman of the Board of Directors of MDM Industrial Group. Under his leadership, the Group focused on producing pipes, fertilizers, and thermal coal, leading to the establishment of major businesses like OAO TMK (oil and gas pipelines), SUEK (coal energy), and Eurochem (mineral fertilizers).

Key Business Strategies

A key strategy was forming partnerships, particularly with Andrei Melnichenko, to build a diversified portfolio of companies. Popov was also involved in the creation of TMK (Trubnaya Metallurgicheskaya Kompaniya), one of the world's largest oil and gas pipe manufacturers. In 2003, Popov became a 50% partner in MDM Bank. He sold his assets in 2006 and exited his remaining active investments with the sale of his stake in MDM Bank in 2016.

Philanthropy

Popov founded Agat in 2010, a private fund, which has a mentoring program offering startup capital to young businesspeople.

Data Sources & Methodology

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

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