Billionaire Profile
Andrei Kozitsyn
Global Rank
#810

Image: ООО "УГМК-Холдинг" | CC BY-SA 4.0 | via Wikimedia Commons

Andrei Kozitsyn

CEO, Metals
RUSSIA
Real-Time Net Worth
$5.21B
Estimated based on Metals stock value as of March 6, 2026
0% (24h)
Age
65
Source
Metals
Industry
Metals & Mining
Citizenship
RUSSIA

Biography

Andrei Kozitsyn is a prominent Russian billionaire and a key figure in the metals and mining industry. Born in 1960, he is known for his leadership as the former CEO of Ural Mining and Metallurgical Company (UMMC), a major producer of copper, zinc, coal, and gold. His net worth is estimated at $3.4 billion as of early 2024. Kozitsyn's career began in the Urals, where he rose through the ranks at Uralelectromed before co-founding UMMC with Iskander Makhmudov. Under his guidance, UMMC expanded significantly, becoming a global leader in its sector. Beyond business, Kozitsyn is involved in philanthropic endeavors and community initiatives. However, he has also faced sanctions related to the war in Ukraine.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Andrei Anatolyevich Kozitsyn was born on June 9, 1960, in Verkhnyaya Pyshma, a city in the Sverdlovsk region of Russia. He developed a strong connection to the region during his upbringing, which later influenced his career and philanthropic efforts. He earned a Master of Science in Engineering from the Ural Polytechnic Institute. As a youth, Kozitsyn was recognized for saving a drowning girl, an act that earned him a medal.

Rise to Success

Kozitsyn began his professional career as a mechanic at Uralelectromed. Through hard work and dedication, he ascended through the ranks and eventually became the General Director of Uralelectromed from 1995 to 2002. In the late 1990s, Kozitsyn co-founded UMMC with Iskander Makhmudov. UMMC quickly emerged as a leading player in the mining and metallurgical industry, becoming one of the largest copper producers in Russia. Kozitsyn was appointed General Director of UMMC in 2002 and played a pivotal role in the company's success. He served as CEO of UMMC until July 2022.

Key Business Strategies

Kozitsyn’s success is attributed to his strategic vision and leadership. He oversaw UMMC's vertical integration strategy, expanding its operations across mining, metallurgy, and logistics. Under his leadership, UMMC became a significant player in the production of copper, zinc, coal, gold, and silver.

Philanthropy

Kozitsyn is involved in various community initiatives. He supports regional sports, including the UMMC Yekaterinburg women's basketball team, and charitable causes. He also launched the 'Children of Russia' project for children with health disorders.

Career Milestones

1995

General Director

Became General Director of Uralelectromed.

1999

General Director

Became the General Director of Ural Mining and Metallurgical Company (UMMC).

2002

CEO

Appointed General Director of UMMC-Holding.

2022

Stepped Down as CEO

Stepped down as CEO of UMMC in July.

Philanthropy & Social Impact

Children's Health

Children of Russia

Undisclosed

Project supporting children with health disorders.

Sports

Sports Sponsorship

Undisclosed

Supports the UMMC Yekaterinburg women's basketball team.

Controversies & Challenges

2022

EU Sanctions

Sanctioned by the European Union in July 2022 due to UMMC's role in supporting Russia's economy and supplying materials to the defense industry, related to the 2022 Russian invasion of Ukraine.