Early Life and Education
Mikhail Shelkov was born on May 30, 1968, in Moscow, Russia. He graduated from the Moscow Institute of Physics and Technology (MIPT) in 1991 with a Master of Science degree in molecular and chemical physics. Details about his family background are kept private.
Rise to Success
Shelkov's career began in the financial sector, where he became the head of Eurosibbank and later held a board position at RBRD. In 2001, he took charge of Prominvest, an investment holding company. From 2012 to 2014, Shelkov and his partners acquired a controlling stake in VSMPO-AVISMA Corporation, the world's largest titanium producer. This move significantly increased his influence in the aerospace industry. In 2017, Shelkov first appeared on Forbes' list of the 200 richest people, ranking 200th with a net worth of $500 million. His entrepreneurial drive propelled him to the 24th position on the list over time.
Key Business Strategies
Shelkov’s success is largely attributed to his strategic acquisition and management of VSMPO-AVISMA, making it a leading supplier to global aerospace giants like Boeing, Airbus, and Rolls-Royce. In 2022, Shelkov acquired the Arconic SMZ facility, further expanding his presence in the metallurgy sector.
Philanthropy
In 2019, Shelkov established the Empathy Foundation, which provides grants, scholarships, and educational programs in Russia. The foundation focuses on supporting teachers and promoting educational excellence. Shelkov's philanthropic activities have earned him recognition as a leading philanthropist in Russia, reflected by his ranking among the top donors by Forbes.