Viktor Rashnikov
Viktor Filippovich Rashnikov is a Russian billionaire businessman. An oligarch, he made his wealth in the iron and steel industry, being the majority owner of Magnitogorsk Iron & Steel Works, one of the world’s leading steel producers. He owns Ocean Victory, the 10th largest yacht in the world.
- Viktor Rashnikov is the majority owner of Magnitogorsk Iron & Steel Works (MMK).
- Rashnikov got his start as a mechanic at MMK back in 1967.
- He built his ownership in the company to nearly 100% by buying shares on the market.
- Rashnikov stepped down as CEO of MMK in 2011 after 14 years in the job.
- His youngest daughter, Olga, joined the board and the strategic planning committee in 2012.
