Billionaire Profile
Igor Altushkin
Global Rank
#814

Image: Public domain | via Wikimedia Commons

Igor Altushkin

CEO, Russian Copper Company (RCC)
RU
Real-Time Net Worth
$4.1B
As of December 2025
Age
55
Source
Metals
Industry
metals-mining
Citizenship
RU

Biography

Igor Altushkin, born in Yekaterinburg, Russia, is a prominent figure in the metals industry. He is the founder and largest shareholder of the Russian Copper Company (RCC), the third-largest copper producer in Russia. Altushkin's estimated net worth is $4.1 billion as of January 2025. His career began in the early 1990s as a scrap metal trader. Over the years, he has built a significant business empire within the metals sector, a source of his considerable wealth. Altushkin has also been recognized for his philanthropic efforts, particularly his support of the Russian Orthodox Church.

Wealth Over Time

In-Depth Profile

Early Life and Career

Igor Altushkin was born on September 10, 1970, in Yekaterinburg, Russia. His career began in the early 1990s as a scrap metal trader. He then founded the Ekaterinburg commercial and industrial company in 1992.

Rise to Success

Altushkin's rise to prominence is primarily attributed to founding the Russian Copper Company (RCC) in 2004. Today, RCC is the third-largest copper producer in Russia, with mining and metallurgical plants in Russia and Kazakhstan. Altushkin's strategic vision and business acumen played a pivotal role in establishing RCC as a major player in the global metals market.

Key Business Strategies

Altushkin's key business strategy has been centered around the production and processing of copper. Under his leadership, RCC has focused on expanding its production capacity, which has also been involved in purchasing other companies, such as the Chelyabinsk Zinc Plant in 2009.

Philanthropy

Igor Altushkin is known for his philanthropic contributions, particularly towards the Russian Orthodox Church. He has supported the construction and restoration of numerous churches, which underscores his commitment to cultural and religious heritage.

Career Milestones

1992

CEO of Aeron Production Commercial Firm LLC

Began career in business.

1992

Founder of Ekaterinburg commercial and industrial company

Founded a commercial and industrial company.

2004

Founder of Russian Copper Company

Founded the Russian Copper Company.

2017

Awarded Order of Friendship

Awarded by Vladimir Putin.

Philanthropy & Social Impact

Religious

Support for the Russian Orthodox Church

Unknown

Financial support for the construction and restoration of numerous churches.

Controversies & Challenges

2023

Alleged funding of the Urals Battalion

Accusations of being the principal financial backer of a volunteer group fighting in Ukraine, which the Russian Copper Company has denied.