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Billionaire Profile
Vadim Novinsky
Global Rank
#3134

Image: СТОЛИЧНЫЙ БЛАГОВЕСТНИК from Киев, Украина | CC0 | via Wikimedia Commons

Vadim Novinsky

CEO, Steel
Kyiv, Ukraine
Real-Time Net Worth
$1.17B
Estimated based on Steel stock value as of September 10, 2026
0% (24h)
Age
62
Source
Steel
Industry
Metals & Mining
Citizenship
Ukraine

Biography

Vadim Novinsky, born in Russia, is a Ukrainian billionaire businessman with a net worth of $1.2 billion. His wealth originates primarily from his ownership of the Smart Holding Group, which has significant investments in the steel industry, making him a key player in the metals-mining sector. Novinsky has held positions in the Ukrainian Parliament, showcasing his influence in both business and politics. He is also known for his religious activities and philanthropy, particularly his support for the Ukrainian Orthodox Church.

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Data Updated
Sep 10, 2026
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Wealth Over Time

Net Worth History

YearNet Worth
2026$1.17B
2025$1.20B
2024$1.20B
2023$1.40B
2022$1.40B
2021$2.40B
2020$810M

Portfolio Holdings

Metinvest

Metinvest

metals-mining
Ownership
24%
Revenue
$5.50B
Kyiv, Ukraine
90,000 (2022) employees
Founded 2006

In-Depth Profile

Early Life

Vadim Novinsky was born on June 3, 1963, in Staraya Russa, Russia. He graduated from the Leningrad Academy of Civil Aviation with a degree in engineering management systems in 1985.

Rise to Success

Novinsky's business career began in Ukraine in 1996, starting with a role at Lukoil North West. He then acquired Ukrainian metallurgy companies. In 1999, he combined these companies to establish Smart Group. In 2006, he and his business partner Andrei Klyamko united their Ukrainian metallurgy companies into Smart Holding Group. In 2007, they exchanged their holdings for a 23.75% stake in Metinvest, where they became junior partners with Rinat Akhmetov.

Key Business Strategies

The Smart Holding Group, under Novinsky's ownership, has focused on a diversified business portfolio, including metals, energy, finances, agriculture, shipbuilding, real estate, and infrastructure. The group aims to increase its value through the growth of existing assets and acquiring new businesses.

Philanthropy

Novinsky has been involved in philanthropic activities through the Vadym Novynskyi Foundation, focusing on humanitarian aid, particularly during the COVID-19 pandemic and the Russo-Ukrainian War.

Career Milestones

1985

Graduated

Graduated from the Leningrad Academy of Civil Aviation.

1996

Began Business in Ukraine

Started working in Ukraine with Lukoil North West.

1999

Founded Smart Group

Combined smaller companies to establish Smart Group.

2006

Founded Smart Holding Group

United Ukrainian metallurgy companies into Smart Holding Group.

2012

Became a Ukrainian Citizen

Obtained Ukrainian citizenship.

2013

Elected to Ukrainian Parliament

Elected to the Ukrainian Parliament.

2020

Ordained Deacon

Ordained as a protodeacon in the Ukrainian Orthodox Church.

2022

Transferred Assets to Trust

Transferred business assets to a trust company registered in Cyprus.

Philanthropy & Social Impact

Humanitarian Aid

Vadym Novynskyi Foundation

Undisclosed

Supports humanitarian aid, medical equipment, and assistance to those affected by the war and the Armed Forces of Ukraine.

Controversies & Challenges

2022

Sanctions

Imposed sanctions by the National Security and Defense Council of Ukraine for supporting actions undermining Ukraine's territorial integrity.

2025

High Treason and Incitement to Religious Hatred

Notified in absentia of suspicion of high treason and incitement to religious hatred.

2025

Tax Evasion

Notified of suspicion of tax evasion of over 4 billion hryvnias.

Billionaires Connected to Vadim Novinsky

Peers in Metals & Mining

All Metals & Mining billionaires →

Richest in Ukraine

All billionaires from Ukraine →

Adjacent Global Ranks

Full global ranking →

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Frequently Asked Questions

What is Vadim Novinsky's net worth in 2026?
As of 2026, Vadim Novinsky's estimated net worth is $1.166 billion, ranking #3134 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Vadim Novinsky make their money?
Vadim Novinsky's wealth primarily comes from Steel, most notably through Steel.
Where is Vadim Novinsky from?
Vadim Novinsky is from Ukraine.
How old is Vadim Novinsky?
Vadim Novinsky is 62 years old.

Sources & References

  1. Vadim Novinsky — Forbes profile — Forbes