Vladimir Lisin Net Worth (Updated 2024)

What is Vladimir Lisin’s Net Worth?

Vladimir Lisin is a prominent Russian billionaire businessman, primarily known for his significant contributions to the steel industry. As of 2024, his net worth is estimated to be $26.0 billion.

Lisin’s wealth is largely derived from his majority stake in Novolipetsk Steel (NLMK), one of Russia’s largest steel companies, where he serves as chairman and majority shareholder.

Lisin’s career began in 1975 as a mechanic in a Soviet coal mine. He later studied at the Siberian Metallurgical Institute, which paved the way for his entry into the steel industry. Over the years, he held various positions, including welder foreman, section manager, and deputy chief engineer. In 1992, Lisin joined the Trans-World Group, a consortium that controlled a significant portion of Russia’s steel and aluminum industry. After the group’s dissolution in 2000, Lisin acquired a controlling share in NLMK, eventually becoming its sole owner.

Beyond steel production, Lisin has diversified his investments into transportation, logistics, energy, and utilities. He owns UCL Port, a port facilities operator, and VBTH, a shipping company. These ventures have significantly contributed to his wealth. 

Here’s the breakdown of Vladimir Lisin’s net worth:

Name:

Vladimir Lisin

Net Worth:

$26.6 Billion

Date of Birth:

May 7, 1956

Profession:

Entrepreneur, Businessperson, Investor

If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.

Early Life

Vladimir Sergeyevich Lisin was born on May 7, 1956, in Ivanovo, Russian SFSR, Soviet Union. He grew up in a modest family environment, which played a significant role in shaping his character and work ethic. Lisin began his career in 1975 as a mechanic in a Soviet coal mine.

His passion for metallurgy led him to pursue higher education at the Siberian Metallurgical Institute, where he graduated in 1979. This educational background laid the foundation for his future endeavors in the steel industry.

Business Career

Lisin’s business career is marked by a series of strategic moves and significant achievements. After graduating, he worked in various capacities at iron and steel plants across Russia, eventually becoming the deputy chief engineer at the state-run Karaganda mill in North Kazakhstan in 1986.

In 1992, Lisin moved to Moscow and joined the Trans-World Group (TWG), a consortium that controlled a large portion of Russia’s steel and aluminum exports. When TWG collapsed in 1997, Lisin transitioned to Novolipetsk Steel (NLMK), where he became chairman of the board in 1998.

By 2004, Lisin had acquired about 90% of NLMK through a series of transactions, using his profits from metals trading. Under his leadership, NLMK became one of Russia’s largest steel producers, exporting steel to Europe, Southeast Asia, the Middle East, and the US. Lisin’s majority stake in NLMK, which stands at 79.3%, is the primary source of his wealth.

The company is publicly traded and had significant revenues, with $16.2 billion reported in 2021.
In addition to his steel business, Lisin has diversified his investments into transportation and logistics. He owns UCL Port, a port facilities operator, and VBTH, a shipping company. He also made a substantial investment of $5.5 billion in transportation and shipping businesses, including the acquisition of Freight One, Russia’s largest rail car operator, in 2011-2012.

Personal Life

Vladimir Lisin is married to Lyudmila Lisina, and they have three children. Despite his immense wealth and business success, Lisin maintains a private family life, valuing his personal relationships and privacy. He is also an avid supporter of shooting sports and has served in various capacities within sports organizations.

Lisin was the president of the European Shooting Confederation, the Russia Shooting Union, and was elected president of the International Shooting Sport Federation in 2018.

Lisin’s personal stance on political issues has also been noted. Following the 2022 Russian invasion of Ukraine, he called for a peaceful resolution in a letter to his staff at NLMK. However, there have been allegations that NLMK supplied materials to Russian firms involved in nuclear weapon development, and that Lisin’s tankers helped evade EU sanctions.

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