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Grizzly Bulls’ Billionaires Index

⬅ # 770 Vivek Jain|# 772 Jeremy Jacobs Sr ➡

# 771 Andrei Kozitsyn 

$4.43B

Real Time Net Worth
as of 11/21/2024
$189 (0.00%)

# 771 Andrei Kozitsyn 

$4.43B

Real Time Net Worth
as of 11/21/2024
$189 (0.00%)
OccupationCofounder and CEO, Ural Mining and Metallurgical Company
Source of WealthMetals
Age64
ResidenceVerkhniaya Pyshma, Russia
Marital StatusMarried
Children1
EducationMS in Engineering, Ural Polytechnic Institute
Age-Adjusted Net Worth$3.38B
Andrei Kozitsyn
Andrei Kozitsyn
Russia
Net worth: $4.43B

Self-Made Score 

Rado DiaStar Original Swiss Automatic Watch 35 mm

Wealth History

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Biography

Overview

Andrei Kozitsyn is a Russian billionaire and former CEO of Ural Mining and Metallurgical Company (UMMC), known for his leadership in Russia's mining and metallurgical industry.
Kozitsyn's rise to wealth began with his early career at Uralelectromed, where he started as a mechanic and eventually became General Director.
He co-founded UMMC in the late 1990s with Iskander Makhmudov, building it into one of Russia's top producers of copper, zinc, coal, and gold.
Kozitsyn has diversified interests, including stakes in agricultural businesses, media, motorcycle manufacturing, and construction.
In addition to business endeavors, he's known for community initiatives such as supporting education, healthcare, job training, and social programs.

Early Life

Andrei Kozitsyn was born in 1960 and grew up in Verkhnyaya Pyshma, located in the Urals.
He holds a master's degree in engineering from Ural Polytechnic Institute.

Career

Started as a mechanic at Uralelectromed, eventually serving as General Director from 1995 to 2002.
Co-founded UMMC in the late 1990s with Iskander Makhmudov, becoming its General Director in 2002.
Owns stakes in various companies in agriculture, construction, and telecoms, alongside Makhmudov.
Served as CEO of UMMC until July 2022 when he stepped down.
Received sanctions from the EU in July 2022 in relation to the Russian invasion of Ukraine.

Personal Life

Married with one child, Kozitsyn resides in Verkhnaya Pyshma.

Community Relations

UMMC has contributed to Yekaterinburg's development by assisting with debt liabilities and connecting kindergartens to the internet.
Donated to kindergartens in Krasnouralsk area and launched the 'Children of Russia' project for kids with health disorders.
Partnered with Moscow State Institute of International Relations for job training and runs a college known as the Technical University of UMMC.
Supports vulnerable populations like orphans and veterans through various social programs and financial assistance.
Sponsors UMMC Yekaterinburg women's basketball team and invests in community healthcare.

Financials & Products

UMMC, second-largest copper producer in Russia, reported a revenue of 299 billion rubles in 2022.
Net profit in 2011 was 8.9 billion rubles, with investments totaling 60 billion rubles in 2013.
Produces significant percentages of Russia's output for cathode copper, zinc, lead, and copper powder.
Operates facilities like Krasnobrodskaya-Koksovaya coal processing factory and Mednogorsky Copper and Sulfur Plant.
Invested 254 million rubles in environmental protection activities in 2012.

Environmental Concerns

UMMC has faced criticism and protests for its nickel mining operations in Voronezh Oblast, with concerns about ecological damage and biodiversity loss.
Allegations of intimidation and violence against protesters have been reported, with incidents of physical assault documented in May 2013.
The company has been targeted for alleged extortion related to environmental protests.

Andrei Kozitsyn's Wealth is Equivalent to:

3,412,625 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

838,789 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

45,306 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Andrei Kozitsyn?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Andrei Kozitsyn's net worth of $4.43B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Andrei Kozitsyn is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Andrei Kozitsyn, Metals is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

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Edited by: Lee Bailey