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Billionaire Profile
Igor Altushkin
Global Rank
#858

Image: Krot91 | CC BY-SA 3.0 | via Wikimedia Commons

Igor Altushkin

CEO, Metals
RUSSIA
Real-Time Net Worth
$4.904B
Estimated based on Metals stock value as of March 6, 2026
0% (24h)
Age
55
Source
Metals
Industry
Metals & Mining
Citizenship
RUSSIA

Biography

Igor Altushkin is a prominent Russian businessman, recognized as the founder and largest shareholder of the Russian Copper Company (RCC), one of Russia's leading copper producers. His career began in the early 1990s trading scrap metal, evolving into a significant presence in the metals industry. With an estimated net worth of $5 billion as of July 8, 2024, Altushkin has built a substantial fortune. He is also a key supporter of the Russian Orthodox Church and has received state awards. However, his financial backing of a volunteer group fighting in Ukraine has led to controversy.

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

Wealth Over Time

In-Depth Profile

Early Life

Igor Altushkin was born on September 10, 1970, in Yekaterinburg, Russia. He graduated from the Ekaterinburg Institute of Economics. Altushkin's journey into the business world began in the early 1990s.

Rise to Success

Altushkin started his career as a scrap metal trader. This early venture laid the foundation for his future success. He founded the Russian Copper Company (RCC) in 2004, which is now Russia's third-largest copper producer. He also served as the General Director of Ekaterinburg Commerce and Industry Company (1993-2003), Aeron (1996-2003), and Uralelectromed-Vortsvetmet (1997-2003).

Key Business Strategies

A key aspect of Altushkin's strategy has been his focus on the metals industry, specifically copper production. He has also shown an interest in vertical integration, which has allowed him to grow his business. In 2020, RCC built its new headquarters in Yekaterinburg.

Philanthropy

Altushkin is a key supporter of the Russian Orthodox Church. He has also been awarded the Order of Friendship by Vladimir Putin.

Career Milestones

1992

CEO of Aeron Production Commercial Firm LLC

Began his professional journey.

1992

Founder of Ekaterinburg commercial and industrial company

Established his first business venture.

2004

Founded Russian Copper Company (RCC)

Established RCC, which became Russia's third-largest copper producer.

2017

Awarded Order of Friendship by Vladimir Putin

Received recognition for his contributions.

2020

New RCC Headquarters Built

RCC built new headquarters in Yekaterinburg.

Philanthropy & Social Impact

Religious

Support for the Russian Orthodox Church

Undisclosed

Funding construction and restoration of churches

Controversies & Challenges

2023

Financial Backing of Urals Battalion

Accusations of providing financial support to a volunteer group fighting in Ukraine.

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