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Grizzly Bulls’ Billionaires Index

⬅ # 1124 Maurizio Billi|# 1126 David Blitzer ➡

# 1125 Sergei Popov 

$3.07B

Real Time Net Worth
as of 12/22/2024
$337 (0.00%)

# 1125 Sergei Popov 

$3.07B

Real Time Net Worth
as of 12/22/2024
$337 (0.00%)
OccupationFounder, TMK
Source of WealthBanking
Age53
ResidenceSwitzerland
Marital StatusMarried
Children2
EducationBS, Ural State Technical University
Age-Adjusted Net Worth$4.94B
Sergei Popov
Sergei Popov
Russia
Net worth: $3.07B

Self-Made Score 

TAG Heuer Formula 1 Automatic Chronograph

Wealth History

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Biography

Overview

Sergei Viktorovich Popov is a Russian billionaire known for his ventures in finance and industrial sectors.
He amassed his wealth primarily through co-founding MDM Business Concern, managing TMK, a major oil and gas pipe manufacturer, and later selling his stakes in various businesses.

Education

Studied for his Bachelor's Degree in Bachelor of Arts/Science at the Ural Polytechnic Institute.

Early Ventures

Co-founded Prodcontract in 1994, supplying scrap metal to Russia's largest metallurgical plants.
In 1996, co-founded MDM Business Concern, a pivotal step in his entrepreneurial journey.

MDM Business Concern Era

Became co-founder and Chairman of the Board of Directors of MDM Industrial Group in 2000.
Identified core sectors: production of pipes, fertilizers, and thermal coal, acquiring businesses accordingly.
Established significant entities like OAO TMK, SUEK, and Eurochem under MDM.
Became a 50% partner in MDM Bank in 2002.

Asset Divestment and Exits

Initiated asset sales in 2006, starting with the divestment of his first business assets.
Completed the process by 2016, exiting remaining active investments, including selling his stake in MDM Bank to B & N Bank.

Philanthropic Initiatives

Founded a private fund called Agat in 2010, which includes a mentoring program offering startup capital to young businesspeople.

Affiliation

Founder member of the Moscow School of Management, Skolkovo.

Recent Financial Activities

Cashed out of all major investments in recent years.
Sold MDM Bank to Russia's Binbank in 2015, which later went bankrupt in 2017.

Sergei Popov's Wealth is Equivalent to:

2,366,436 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

581,646 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

31,417 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Sergei Popov?

If you started with $10,000 and invested an additional $500 each month at a 42.82% CAGR, it would take you 5 years to reach Sergei Popov's net worth of $3.07B.

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 67.72% compared to 25.94% for the S&P 500 benchmark.

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

Sergei Popov 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 Sergei Popov, Banking 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