Viktor Vekselberg Net Worth

Viktor Vekselberg has an estimated net worth of $9.6 billion, according to Forbes Real-Time Billionaires, Viktor Vekselberg profile (figures as of October 20, 2026). That is down from a peak of $11.5 billion.

Viktor Vekselberg is a Russian businessman who founded and chairs Renova Group, a conglomerate with interests across several industries. He first built wealth in metals. Forbes says he made his first million by selling scrap copper from worn-out cables. He then moved into aluminum, buying medium-size smelters and bauxite mines. In 1996, he united those assets into Sual Holding, which became a major step in his rise as an industrial investor.

His profile grew further through large deals in metals, oil, and international industry. In 2007, Sual merged with Oleg Deripaska's Russian Aluminum to create UC Rusal. Vekselberg was also a partner with Mikhail Fridman and Len Blavatnik in TNK-BP, and in 2013 he sold his stake to Rosneft for $7 billion. Beyond Russia, Renova built positions in Swiss companies including Oerlikon and Sulzer, making metals and investments the core of his fortune.

How Viktor Vekselberg built his fortune

Vekselberg's money story starts with trading scrap copper, which Forbes says gave him his first million. He later shifted from trading into owning industrial assets. In the mid-1990s, he and partners accumulated interests in aluminum smelters, including the Irkutsk Aluminium Plant. In 1996, he helped create Siberian-Urals Aluminium Company, or SUAL, by combining the Ural and Irkutsk plants into Russia's first aluminum holding company.

He added another major source of wealth through oil. In 1997, a partnership with Alfa Group and Len Blavatnik led to a stake in TNK, which later became part of TNK-BP in 2003. His indirect interest in TNK-BP was 12.5%. When Rosneft bought the business in 2013, he sold his stake for $7 billion. Renova also expanded abroad, taking positions in Unaxis, later Oerlikon, and in Sulzer.

Forbes net worth and major holdings

Forbes has tracked big swings in Vekselberg's wealth in recent years. It estimated his fortune at $11.5 billion in 2019. That figure later fell to $5.5 billion in 2022, then moved back up to $7 billion in 2024. On October 20, 2026, Forbes' real-time billionaires tracker put him at $9.6 billion. Across those years, his wealth remained tied to metals and a wide set of investments.

His holdings also show how broad that portfolio is. Forbes says his biggest investment is in Swiss company Sulzer. In 2018, Sulzer bought shares from him to bring his ownership below 50%. Renova had earlier expanded in Switzerland with a 10.25% stake in Unaxis in 2006, about 18% in Sulzer shares and an additional 14% in physical delivery options in 2007, and later a 44.7% stake in Oerlikon in 2009.