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Billionaire Profile
Andrei Bokarev
Global Rank
#1255

Image: Public domain | via Wikimedia Commons

Andrei Bokarev

CEO, Transmashholding
RU
Real-Time Net Worth
$3.9B
As of December 2025
Age
59
Source
Metals, mining
Industry
manufacturing
Citizenship
RU

Biography

Andrei Bokarev is a prominent Russian businessman, currently estimated to have a net worth of $3.9 billion. His wealth primarily stems from his involvement in the metals and mining industries. Bokarev is known for his strategic vision and entrepreneurial mindset, and he has held key leadership positions in several major Russian companies. He is the co-owner of Transmashholding, Russia's largest manufacturer of locomotives and rail equipment. Bokarev has held leadership positions and partnered with other prominent businessmen in various projects, making him a significant figure in the Russian business landscape. He has also been involved in various social and political activities.

Wealth Over Time

In-Depth Profile

Early Life

Andrei Removich Bokarev was born on October 23, 1966, in Moscow, Russia. After completing his basic education, he pursued higher studies at the Moscow Financial Institute, graduating in 1990.

Rise to Success

Bokarev's career began in 1995 when he became the acting chairman of the board of the National Investment Bank. He then became Deputy General Director of Rosexportles in 1997. His business acumen led him to oversee export operations for Kuzbassrazrezugol, a coal company, in 1998. He then headed Krutrade AG, a company that managed Kuzbassrazrezugol's export operations.

Bokarev is the co-owner of Transmashholding (TMH), a significant player in Russia's rail transport sector, and previously served as its president. He has partnered with Iskander Makhmudov on several projects, including Ural Mining and Metallurgical Company (UMMC).

Key Business Strategies

Bokarev's business strategy involves strategic partnerships and investments across various sectors. He is known for his ability to identify opportunities and transform companies.

Philanthropy

Andrei Bokarev has been involved in supporting various causes. He was also appointed as an honorary Mechanical Construction Worker of the Russian Federation.

Career Milestones

1998

Headed Krutrade AG

Managed the export operations of Kuzbassrazrezugol coal company.

2000

Chairman of the Board of Directors of Kuzbassrazrezugol

Led one of the largest coal producers in Russia.

2008

President of Transmashholding

Appointed president of Transmashholding, Russia's largest manufacturer of locomotives and rail equipment.

2010

President of the Russian Freestyle Federation

Became the president.

2013

Entered Billionaire Ranks

Entered the billionaire ranks.

2022

Stepped down as the President of Transmashholding

Stepped down after being sanctioned.

Philanthropy & Social Impact

Social and Economic Development

Support for National Projects

Undisclosed

Promised to give almost 300 million rubles to national projects

Controversies & Challenges

2023

Sanctions by the U.S. Government

Sanctioned by the U.S. for allegedly profiting from Russia's invasion of Ukraine and for ties to Russian organized crime.

2023

Sanctions Evasion Allegations

Accused of attempting to evade sanctions by creating shell companies to disperse profits.