Dmitry Mazepin Net Worth: $1.8 Billion
Category: Richest Business › Richest Billionaires
Birthdate: April 18, 1968 (56 years old)
Birthplace: Minsk, Byelorussian SSR, Soviet Union (now Belarus)
Profession: Owner, Chairman of Uralchem
Dmitry Mazepin is a Belarusian-Russian oligarch with a net worth of $1.8 billion. He is known for being the chair and majority shareholder of Uralchem, a major chemical product manufacturer. Mazepin has held several executive positions in various companies over the years, including Infistrakh, Falkon Bank, and Sibur. Following Russia’s invasion of Ukraine in early 2022, Mazepin was sanctioned by both the UK and the EU.
Early Life and Education
Dmitry Mazepin was born on April 18, 1968, in Minsk, Soviet Union. He attended the Suvorov Military Academy, graduating in 1985, and subsequently became a military interpreter in Afghanistan. In 1992, Mazepin graduated from MGIMO University.
Career Beginnings
Mazepin started his career in executive roles at Russian companies such as TNK and Sibur. From 1992 to 1993, he served as CEO of the insurance company Infistrakh, and later held positions at Belarusbank and Falkon Bank. In 1997, he became vice president of the oil company TNK and then served as deputy president of Flora Moscow Bank’s board until 1999. He later became CEO of the coal producer Kuzbassugol and the first deputy chairman of the Russian Federal Property Fund.
Business Career (2002-2006)
From 2002 to 2003, Mazepin served as president of Sibur, a subsidiary of Gazprom. During his tenure, he focused on stabilizing the company and diversifying its revenue sources. After leaving Sibur, he founded Constructive Bureau in 2004, acquiring stakes in several chemical companies and eventually forming Uralchem in 2007 by consolidating his assets.
Uralchem
Uralchem is a major chemical manufacturer with an annual production capacity of three million tons of ammonia and ammonium nitrate, and one million tons of fertilizers and phosphate. As chairman of Uralchem, Mazepin acquired a 75% stake in Voskresensk Mineral Fertilizers, later increasing it to 100%. In 2013, Uralchem acquired 20% of Uralkali, the world’s largest potash fertilizer producer, for around $2.9 billion. Uralchem also expanded into African markets, with developments in Zimbabwe, Angola, Zambia, and Kenya.
Other Positions
Mazepin chairs the Russia-Zimbabwe Business Council and the Russia-Belarus Business Council. He holds memberships in international organizations, including the Russian Union of Industrialists and Entrepreneurs (RSPP).
Controversies
Mazepin has faced various controversies, including accusations of conflicts of interest during his time at the Russian Government Property Fund and attempts to take over Togliattiazot by threatening its executives. Following Russia’s invasion of Ukraine, he was sanctioned by the EU and UK, resulting in the seizure of many of his properties. He sold his majority stake in Uralchem and stepped down as CEO.
$115 Million Italian Villa Seizure:
In April 2022, a $115 million Italian villa owned by Mazepin and his son Nikita was seized by financial police.
Personal Life and Philanthropy
Dmitry Mazepin is married and has five children, three of whom are publicly known: Nikita, Anastasia, and Maria. Nikita Mazepin is a racing driver who competed in multiple FIA Championships but had his Formula One contract terminated after being sanctioned by the EU and UK along with his father.
Mazepin has been involved in various charitable activities, including supporting educational programs, veterans’ social programs, regional development initiatives, and cultural and sporting events. In 2012, he reportedly spent $700,000 on philanthropic causes, including sponsoring automobiles for low-income families in Kirov.
