Dmitry Mazepin is a Belarus-born Russian businessman who is known as the major shareholder and chairman of the popular Russian chemical industry Uralchem Integrated Chemicals Company. Let’s talk about Mazepin Net Worth. He is a billionaire and one of the richest men in Russia. Keep reading to learn more.
Starting as a CEO for an insurance company in 1992, Mazepin has come a long way to become an ultra-successful businessman.
He has had his own share of ups and downs. However, his ‘never give up’ spirit held him in the business and sustained Mazepin Net Worth. He is very strict and straightforward when it comes to business.
Early Life and Education
Dmitry Mazepin was born on April 18, 1968, in Minsk, graduating from the Suvorov Military Academy in Minsk in 1985. He then served as a military interpreter in Afghanistan between 1986 and 1988.
He graduated from the MGIMO University’s Department of Economics in 1992 before going to work in the financial sector of Russia and Belarus and ultimately taking executive positions at major Russian private and government-owned companies TNK and Sibur.
He graduated from the Saint Petersburg Institute for Economics and Management in 2008 with a first-tier university degree in Organization Management.
He earned his Ph.D. from the same school in 2012 after defending a thesis on developing a methodical approach to managing the stock market potential of an oil-producing company.
After graduation, Mazepin worked for petrochemical companies like Sibur and TNK until 2000.
In the mid-1990s, he held several top management positions in companies like Nizhnevartovskneftegas, the Russian Federal Property Fund, the Kuzbassugol Coal company, and the Tyumen Oil Company.
From 2002-2003, he served as AK SIBUR’s chief executive officer. It was in 2004 when he founded his own company. Since 2007, he has been serving as Uralchem’s Chairman of the Board of Directors.
Business Career and Fame
Mazepin was the CEO of Infistrakh, an insurance company, from 1992 to 1993.
For two years afterward, he held the deputy branch manager position at Belarusbank, before holding several executive positions at Falkon Bank in 1995.
From 1996 to 1997 he was the deputy CEO of Raznoimport, a commodities trader.
His first major corporate assignment came in 1997 as well, with his appointment to the Vice-President position of TNK, the Tymen Oil Company.
The company had just acquired Nizhnevartovskneftegaz as a subsidiary and Mazepin was made its Executive Director in charge of making the firm profitable again.
According to an interview in 2009, Mazepin ultimately succeeded in making Nizhnevartovskneftegaz loss-free.
After that, Mazepin was the Deputy President of the Board of Flora Moscow Bank between 1998 and 1999, was the CEO of coal producer Kuzbassugol, and was then named First Deputy Chairman of the Russian Federal Property Fund in 2002.
Personal Life and Lifestyle
Through Uralchem, Mazepin is involved in several charitable activities, including social programs for children and veterans, regional development initiatives, education and science programs, as well as activities for promoting culture and sports.
According to Forbes and Ria Novosti, Mazepin spent $700,000 on charitable causes in 2012, most of it on a project that is sponsoring cars for large low-income families in the Kirov region. Forbes also listed Mazepin as one of the most charitable Russian billionaires in 2013.
Mazepin was accused of conflicts of interest during his stint at the Russian Government Property Fund, as he was also on the board of several enterprises at the time.
These included Krasnoye Sormovo Shipyard and Kuzbassugol Coal Company, which he allegedly privileged in corporate disputes with competitors.
In the mid-2000s, Dmitry Mazepin became embroiled in a conflict around Gazprom assets.
The assets were divested by Nikolay Gornovsky, CEO of Gazprom subsidiary Mezhregiongaz, in late 2002, without permission or knowledge of the Gazprom management.
Part of these assets ended up in Mazepin’s possession sometime after that. In 2006, Gazprom was able to recover the assets, including an 18% equity stake in Azot Chemicals Company.
Starting from 2007, Mazepin has been regularly accused of attempting to use “raider methods” to take over Togliattiaz TOAZ, a public company where he has been consistently persecuting the executives.
TOAZ CEO Sergey Makhlai accused Mazepin of making personal threats against himself. According to Makhlai, Mazepin threatened him with instigating a criminal investigation against him unless he agreed to Mazepin’s terms for selling TOAZ to Mazepin.
Mazepin Net Worth
Dmitry Mazepin Net Worth: Dmitry Mazepin is a Russian entrepreneur who has a net worth of $1.8 billion.
Born Dmitry Arkadievich Mazepin in 1968, in Minsk, he is the owner of Uralchem, a mineral fertilizer company.
Having graduated from the Moscow State Institute of International Relations, Mazepin worked in petrochemical companies, such as TNK, where he served as Vice-President, and Sibur Holding, where he was a Chairman.
Furthermore, he was a Vice-Chairman of the Russian Federal Property Fund. In 2004, he founded his company and brought shares in chemical plants.
A few years later, Mazepin merged his assets into Uralchem. He has also been involved in politics and has become a representative of Putin’s United Russia Party in the Kirov region.
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