BillionaireNet
Popov
Sergei Popov
Rank #1325
RUSSIAfinance-investmentsBanking

Sergei Popov

Net Worth
$3.023B
0% (24h)
Sergei Viktorovich Popov (born August 12, 1971) is a prominent Russian businessman and investor, primarily recognized for co-founding the MDM Group, a major finance and industrial conglomerate, and TMK, one of Russia's largest manufacturers of pipes for the oil and gas industry. His career began in metals trading during Russia's post-Soviet economic transition. Popov's financial acumen led him to amass a substantial fortune through ventures in banking and heavy industry. As of December 2025, his net worth is estimated at $3.0 billion, placing him among the top billionaires worldwide. He is also a founder of a private fund called Agat, which has a mentoring program that offers young businesspeople startup capital.

The Full Dossier

Early Life and Education

Sergei Viktorovich Popov was born on August 12, 1971, in Yekaterinburg, Russia. He holds a Bachelor of Arts/Science from Ural State Technical University.

Rise to Success

Popov began his career in 1994 by co-founding Prodcontract, a company supplying scrap metal to Russia's largest metallurgical plants. In 1996, he co-founded MDM Business Concern. From 1997 to 1999, he served as a partner and business manager for MDM. In 2000, he became co-founder and Chairman of the Board of Directors of MDM Industrial Group. During this time, MDM established major businesses in the production of pipes, fertilizers, and thermal coal. Popov also became a 50% partner in MDM Bank in 2003. In 2006, he began selling off his business assets. He is also a founder of a private fund called Agat, which has a mentoring program that offers young businesspeople startup capital.

Key Business Strategies

Popov's success stems from identifying and capitalizing on opportunities in the finance and industrial sectors during Russia's economic transformation. His strategy involved strategic investments in key industries and partnerships, such as the MDM Industrial Group.

Philanthropy

In 2010, Popov founded Agat, a private fund that offers a mentoring program providing young businesspeople with startup capital.

Career Timeline

2010

Founded Agat

Established a private fund with a mentoring program for young entrepreneurs.

2006

Began selling off business assets

Divested his first business assets.

2003

Partner in MDM Bank

Became a 50% partner.

2000

Co-founder and Chairman of the Board of Directors of MDM Industrial Group

Identified core sectors, including production of pipes, fertilizers, and thermal coal.

1996

Co-founded MDM Business Concern

Established a major business concern.

1994

Co-founded Prodcontract

Supplied scrap metal to Russia's biggest metallurgical plants.

Philanthropic Impact

EntrepreneurshipUndisclosed

Agat Fund

Offers mentoring and startup capital to young businesspeople.

Wealth Trajectory