Billionaire Profile
Andrei Bokarev
Global Rank
#889

Image: Пресс-служба Президента Российской Федерации | CC BY 4.0 | via Wikimedia Commons

Andrei Bokarev

CEO, Metals
RUSSIA
Real-Time Net Worth
$4.851B
Estimated based on Metals stock value as of April 21, 2026
0% (24h)
Age
59
Source
Metals, mining
Industry
Metals & Mining
Citizenship
RUSSIA

Biography

Andrei Bokarev, a prominent figure in the Russian business world, is a metals and mining magnate with an estimated net worth of $3.9 billion as of August 2024. Born in Moscow in 1966, Bokarev has built a successful career through his ventures in the metals and mining industries. He is known for his role as a co-owner of Transmashholding, a leading Russian manufacturer of railway equipment. Bokarev's career has also included significant roles in Ural Mining and Metallurgical Company (UMMC) and Kuzbassrazrezugol, one of Russia's largest coal producers. Despite holding various positions in major Russian companies, Bokarev has maintained a relatively low public profile compared to other oligarchs.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Andrei Bokarev was born on October 23, 1966, in Moscow, Russia. He graduated from the Moscow Institute of Finance in 1990.

Rise to Success

Bokarev's career took off in 1998 when he was offered to head Krutredag, which managed the export operations of the Kuzbassrazrezugol coal company. Bokarev subsequently became a member of the Board of Directors of Ural Mining and Metallurgical Company (UMMC) in 1999. From 2000 to 2005, he was the Chairman of the Board of Directors of Kuzbassrazrezugol Management Company. In 2008, he was appointed President of Transmashholding, one of Russia's leading industrial companies. Bokarev also played a role in the construction of infrastructure for the Sochi 2014 Olympic Games through Transmashholding.

Key Business Strategies

Bokarev's business strategy has involved strategic partnerships and investments in key sectors. He has been a partner in numerous projects with Iskander Makhmudov. He co-owned Transmashholding (TMH) which manufactures rolling stock for railways and subway systems. Bokarev also had stakes in companies like Kuzbassrazrezugol, Russia's second-largest coal company. He was involved in the Kalashnikov Concern, a Russian manufacturer of small arms.

Philanthropy

Andrei Bokarev is recognized as a philanthropist in Russia, contributing to various charitable causes. Through Transmashholding, Bokarev has supported health, research, culture, and sports initiatives. Bokarev has been involved in supporting the development of sports in Russia, including the construction of infrastructure for the Sochi 2014 Olympic Games.

Career Milestones

1990

Graduated

Graduated from the Moscow Institute of Finance

1998

Krutreid AG CEO

Appointed CEO of Krutreid AG, which managed export operations for Kuzbassrazrezugol.

1999

UMMC Board Member

Became a Member of the Board of Directors of Ural Mining and Metallurgical Company (UMMC).

2000-2005

Kuzbassrazrezugol Chairman

Served as Chairman of the Board of Directors of Kuzbassrazrezugol Management Company.

2008

Transmashholding President

Appointed President of Transmashholding.

Philanthropy & Social Impact

Health, Research, Culture, Sport

Various Charities

$14.6M

Donations to various charities through Transmashholding and the 'Otvetstvennost' Fund.

Controversies & Challenges

2023

US Sanctions

Sanctioned by the U.S. government for allegedly profiting from Russia's invasion of Ukraine and having ties to Russian Defense Minister Sergei Shoigu.