Billionaire Profile
Mikhail Shelkov
Global Rank
#1258

Image: Public domain | via Wikimedia Commons

Mikhail Shelkov

CEO, VSMPO-AVISMA
RU
Real-Time Net Worth
$3.2B
As of December 2025
Age
57
Source
Titanium
Industry
metals-mining
Citizenship
RU

Biography

Mikhail Shelkov, a Russian billionaire, is a leading figure in the metals-mining industry, primarily known for his ownership of VSMPO-AVISMA, the world's largest titanium producer. Born in 1968, Shelkov holds a degree in molecular and chemical physics from the Moscow Institute of Physics and Technology. His career includes leadership roles in banking and investment before acquiring a controlling stake in VSMPO-AVISMA. Shelkov's net worth is estimated at $3.2 billion, reflecting his success in the aerospace and manufacturing sectors. Beyond business, Shelkov is involved in philanthropy, supporting educational and cultural initiatives through his Empathy Charitable Foundation.

Wealth Over Time

In-Depth Profile

Early Life and Education

Mikhail Shelkov was born in Moscow in 1968. He pursued his higher education at the prestigious Moscow Institute of Physics and Technology (MIPT), where he earned a degree in molecular and chemical physics in 1991. This academic background laid the foundation for his future strategic approach to business and investments.

Rise to Success

Shelkov began his career in the banking sector, holding key positions at Eurosibbank and RBRD. In 2001, he took the helm of Prominvest investment holding. His most significant career move came between 2012 and 2014 when he, along with partners, acquired a controlling stake in VSMPO-AVISMA. Under Shelkov's leadership, VSMPO-AVISMA has become the world's largest titanium producer for the aerospace industry and a trusted supplier to major companies like Boeing and Airbus.

Key Business Strategies

Shelkov's key strategy revolves around the leadership of VSMPO-AVISMA. He has steered VSMPO-AVISMA to an undisputed leadership position in the global titanium industry, with an emphasis on relationships with aerospace giants. VSMPO-AVISMA encompasses the full technological cycle from raw materials processing to producing finished titanium products.

Philanthropy

Beyond his business success, Shelkov is a dedicated philanthropist. He established the Empathy Charitable Foundation in 2019, which supports education, culture, and science. The foundation has initiatives such as providing financial support to educators, organizing educational programs, and supporting talented students.

Career Milestones

1991

Graduated

Graduated with a degree in molecular and chemical physics from the Moscow Institute of Physics and Technology.

1993-1995

Head of Eurosibbank

Served as the head of Eurosibbank.

1995

Joined RBRD board

Joined the board of RBRD.

2001

Head of Prominvest

Took the reins of the Prominvest investment holding.

2012-2014

Acquired VSMPO-AVISMA

Acquired a controlling stake in VSMPO-AVISMA.

2019

Established Empathy Foundation

Established the philanthropic Empathy Charitable Foundation.

Philanthropy & Social Impact

Education

Teacher Support

$0.6M

Provides financial support to over 500 educators in the Sverdlovsk Region monthly.

Controversies & Challenges

2022

Sanctions and Ukraine

Subject to sanctions by the National Security and Defense Council of Ukraine due to alleged links to the Kremlin and involvement in schemes to supply Ukrainian titanium to Russia for military purposes.