Viktor Rashnikov
Photo: Politrsu, CC BY-SA 4.0, via Wikimedia Commons10

Viktor Rashnikov

Russian billionaire businessman (born 1948)

Viktor Filippovich Rashnikov (born October 13, 1948) is a Russian engineer and a billionaire businessman. An oligarch, he made his wealth (estimated at $9.1 billion in February 2019) in the iron and steel industry, being the majority owner of Magnitogorsk Iron & Steel Works (MMK), one of the world's leading steel producers.2

From Wikipedia’s article on Viktor Rashnikov (this version), CC BY-SA 4.0.

Born Oct 13, 1948.1

About

Following Russia's invasion of Ukraine, Rashnikov and MMK were placed on sanctions lists by the USA, UK and EU. In September 2022, Hungary sought to have Rashnikov dropped from the EU's list.

From Wikipedia’s article on Viktor Rashnikov, shared under CC BY-SA 4.0.2

Early life and education

  • 1974Nosov Magnitogorsk State Technical University3

In 1974, Rashnikov earned a bachelor's degree in metal forming process at the Magnitogorsk Institute of Mining and Metallurgy. He later gained another degree in Organization of Production Administration, graduating from that program in 1994.

Rashnikov received his doctorate in Technical Sciences in 1998. In addition to writing many research papers and scientific reports, he has implemented numerous engineering solutions.

In 2002 he was elected to the position of Honored Professor at the Moscow Institute of Steel and Alloys. Additionally, he holds a role at the Russian Academy of Quality Problems as an Academician.

From Wikipedia’s article on Viktor Rashnikov (this version), CC BY-SA 4.0.

Career

Occupation: politician, businessperson.4

Rashnikov first began his career with the Magnitogorsk Iron & Steel Works (MMK) in the company's repair shop as a fitter in 1967. Since then, up through 1991, Rashnikov advanced through a number of management positions at MMK, including that of Head of Production and Products Supply. In 1991, he was made Chief Engineer and First Deputy General Director for the firm. In 1997, Viktor Rashnikov succeeded in rising to the role of General Director at MMK, before finally becoming in 2005 its chairman of the board.

From Wikipedia’s article on Viktor Rashnikov (this version), CC BY-SA 4.0.

Personal life

  • BornOct 13, 1948, Magnitogorsk5
  • CitizenshipRussia6
  • Children27

Rashnikov was born to a Russian family. He is a Russian Orthodox Christian. He has two daughters. He owns a Gulfstream G650 registered VP-BOT (operated by Jet Aviation Business Jets) and previously owned a Bombardier Global 5000 registered VP-BJN.

From Wikipedia’s article on Viktor Rashnikov (this version), CC BY-SA 4.0.

Philanthropy

Viktor Rashnikov annually allocates about $25 million to the company's social and charitable pursuits, including:

He also built sophisticated medical facilities and two ski resorts in the nearby Urals.

Due to MMK's environmental activities, total emissions had been reduced by 37.5% and the specific emissions by 47.4%. In 2011–2016, environmental spending of the company averaged 3.5-4 billion rubles per year. The company recently adopted a long-term environmental program through 2025, with funding of more than $600 million.

Rashnikov's contribution to social development of Magnitogorsk is recognized by the Russian government. December 3, 2009

From Wikipedia’s article on Viktor Rashnikov (this version), CC BY-SA 4.0.

Awards

  • 2018Order of Alexander Nevsky8
  • 2013Order "For Merit to the Fatherland", 2nd class8
  • 2005Order of Holy Prince Daniel of Moscow8
  • 2004Order "For Merit to the Fatherland", 3rd class8
  • 2002Russian government prize for science and technology8
  • 2001Order of St. Sergius of Radonezh 1st class8
  • 2001Russian government prize for science and technology8
  • 1998Order "For Merit to the Fatherland", 4th class8
  • 1995Order of Honour8
  • 1986Medal "For Labour Valour"8
More awards (4)
  • Date not recordedHero of Labour of the Russian Federation8
  • Date not recordedOrder of Holy Prince Daniel of Moscow 3rd class8
  • Date not recordedOrder of St. Sergius of Radonezh8
  • Date not recordedRussian Federation Presidential Certificate of Gratitude8

Planes and yachts

A position is the aircraft’s or vessel’s, not the person’s. Being on board isn’t confirmed.

Yacht · No AIS signal

Ocean Victory9

Fincantieri · 140 m · built 2014

No position reported yet.

Ownership reported in the press, not confirmed from a registry.

Track on CelebYachts

Positions, trips and icons: CelebYachts, from public AIS broadcasts. Maps: Esri.

Flight and yacht reports

  • The sanctioned hull off GujaratCelebYachts report On the record, Jul 23, 2026A 140-metre Fincantieri sits motionless because transatlantic restrictions freeze her owner’s industrial assets, turning a Cayman-flagged megayacht into a…