Vladimir Lisin Net Worth

Vladimir Lisin has an estimated net worth of $25.5 billion, according to Forbes Real-Time Billionaires, Vladimir Lisin profile (figures as of October 20, 2026). That is up from $21.3 billion in 2019.

Vladimir Lisin is a Russian businessman in metals and transport. He is chairman and majority shareholder of Novolipetsk Steel, also known as NLMK, one of the largest steel companies in Russia. His career began in 1975 as an electrical fitter in a coal mine in Siberia. He later worked in steel jobs in Central Russia and moved up through management roles at metal plants before becoming a major industry figure.

His rise in business took shape in the 1990s. Starting in 1993, he worked with Trans World Group as a partner, then became a shareholder in NLMK. He joined the board of NLMK in 1996 and became chairman in 1998. Beyond steel, he built interests in transport and logistics, including ports and rail. He also led the International Sport Shooting Federation until 2022 and built a major shooting complex near Moscow.

How Vladimir Lisin built his fortune

Most of Lisin's wealth comes from steel and transport. He is chairman of NLMK Group, a major steel producer, and he became the controlling owner after building his stake over time. His early work as an electrical fitter, steelworker, and plant manager gave him direct experience in the industry. That background helped him move from plant operations into ownership and board roles during the reshaping of the Russian metals business in the 1990s.

Transport became the other main part of his business. He owns port management company Port One, which has subsidiaries in the Baltic and Black Sea basins. His interests also included freight rail through Freight One, one of the largest Russian railway operators, which he sold to Russian investors in 2023. Alongside steel, those logistics assets tied his fortune to the movement of raw materials and finished products inside Russia and through major export routes.

What Forbes says about his net worth

Forbes has tracked large swings in Lisin's fortune across the past several years. It estimated his wealth at $21.3 billion in 2019, $18.1 billion in 2020, and $26.2 billion in 2021. The estimate then moved to $18.4 billion in 2022 and $22.1 billion in 2023. Those changes matched sharp moves in metals markets and a later rebound, while his business remained centered on steel production and transportation assets.

The Forbes estimate rose to $26.6 billion in 2024, edged to $26.5 billion in 2025, and stood at $25.5 billion on Forbes' real-time billionaires tracker as of October 20, 2026. His wealth is still tied mainly to NLMK and transport holdings. That mix means his fortune can move with steel prices, industrial demand, and the value of logistics businesses such as ports and rail assets.