Mikhail Gutseriev’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2019 | $3.7 billion | Forbes World's Billionaires List 2019 |
| 2020 | $2.1 billion | Forbes World's Billionaires List 2020 |
| 2021 | $2.5 billion | Forbes World's Billionaires List 2021 |
| 2022 | $1.3 billion | Forbes World's Billionaires List 2022 |
| 2023 | $3.5 billion | Forbes World's Billionaires List 2023 |
| 2024 | $3.7 billion | Forbes World's Billionaires List 2024 |
| 2025 | $5.8 billion | Forbes World's Billionaires List 2025 |
| 2026 | $7.7 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $7.7 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Mikhail Gutseriev’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Mikhail Gutseriev has an estimated net worth of $7.7 billion, according to Forbes Real-Time Billionaires, Mikhail Gutseriev profile (figures as of October 20, 2026). That is up from $3.7 billion in 2019.
Mikhail Gutseriev is a Russian businessperson who built his wealth in energy and related industries after the collapse of the Soviet Union. He founded BIN in 1992 and then headed Joint Stock Commercial Bank BIN in 1993. In 2000 he became president of Slavneft. A key turning point came in 2002, when he established and led RussNeft, an oil and gas company that became central to his business career.
His wealth later expanded through Safmar Group, where he is founder and main shareholder. The conglomerate has interests in oil, coal, real estate and retail. Between 2015 and 2017, he spent $2 billion buying banks, pension funds, oil fields, factories, warehouses, real estate and retail companies. He also owns Hotel National in Moscow and controls Russian radio stations, including Radio Shanson. Forbes put his net worth at $7.7 billion in 2026.
How Mikhail Gutseriev built his fortune
Gutseriev made his name by moving from industry into banking and then into oil. After working in Grozny, he moved to Moscow and founded BIN in 1992. He added Joint Stock Commercial Bank BIN in 1993, then later led Slavneft in 2000. In 2002 he created RussNeft and ran the oil and gas company. That sequence helped turn him into one of Russia's better-known self-made business figures in the energy sector.
Today, the center of his business empire is Safmar Group. He is the founder and main shareholder of the conglomerate, which spans oil, coal, real estate and retail. He also owns Hotel National in Moscow. Outside those assets, he has Russian radio stations, including Radio Shanson, and writes song lyrics performed by Russian singers. From 2015 to 2017, he expanded aggressively, spending $2 billion on banks, pension funds, oil fields, factories, warehouses, real estate and retail companies.
Forbes net worth timeline
Forbes has shown big swings in its estimate of Gutseriev's fortune. It listed him at $3.7 billion in 2019, then $2.1 billion in 2020. The estimate moved to $2.5 billion in 2021 and $1.3 billion in 2022 before rising to $3.5 billion in 2023 and $3.7 billion in 2024. Those changes came during a period when his holdings covered several sectors, not just oil.
The rebound became much stronger after that. Forbes raised its estimate to $5.8 billion in 2025 and then to $7.7 billion in 2026. Forbes' real-time billionaires tracker also showed $7.7 billion as of October 20, 2026. His asset base helps explain why the estimate can move sharply over time, since Safmar Group includes oil, coal, real estate and retail rather than a single company or one line of business.
Career and money timeline
- 1992
He founded BIN after moving to Moscow.
- 1993
He founded and headed Joint Stock Commercial Bank BIN.
- 2000
He became president of Slavneft.
- 2002
He established and led RussNeft.
- 2010
He regained control of RussNeft.
- 2015
He became chairman of the board of RussNeft and Neftisa.
- 2017
He completed a broad acquisition push across finance, energy, property and retail.
Mikhail Gutseriev net worth FAQ
What is Mikhail Gutseriev's net worth?
Mikhail Gutseriev's net worth is an estimated $7.7 billion, according to Forbes Real-Time Billionaires, Mikhail Gutseriev profile (October 20, 2026). It is an estimate, not an official figure.
How did Mikhail Gutseriev get so rich?
The main sources named in the reporting we cite are: Oil, coal, real estate.
Is Mikhail Gutseriev a billionaire?
Yes. Forbes Real-Time Billionaires estimates Mikhail Gutseriev is worth $7.7 billion.
How has Mikhail Gutseriev's net worth changed?
The earliest published estimate we track is $3.7 billion (2019, Forbes World's Billionaires List 2019). The latest is $7.7 billion (October 20, 2026).
What companies are behind Mikhail Gutseriev's wealth?
His main business base is Safmar Group, where he is founder and main shareholder. The group has interests in oil, coal, real estate and retail, and he also built RussNeft.
Did his wealth come from one industry?
No. Forbes ties his wealth to oil, coal and real estate, and his group also includes retail. He also owns Hotel National and Russian radio stations.
Sources
- Forbes Real-Time Billionaires, Mikhail Gutseriev profile (October 20, 2026)
- Forbes World's Billionaires List 2019, Mikhail Gutseriev profile (March 5, 2019)
- Forbes World's Billionaires List 2020, Mikhail Gutseriev profile (April 7, 2020)
- Forbes World's Billionaires List 2021, Mikhail Gutseriev profile (April 6, 2021)
- Forbes World's Billionaires List 2022, Mikhail Gutseriev profile (April 5, 2022)
- Forbes World's Billionaires List 2023, Mikhail Gutseriev profile (April 4, 2023)
- Forbes World's Billionaires List 2024, Mikhail Gutseriev profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Mikhail Gutseriev profile (April 2025)
- Forbes World's Billionaires List 2026, Mikhail Gutseriev profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Mikhail Gutseriev (accessed October 23, 2026). Used for career facts only, never for figures.
Photo: Арсений Несходимов, CC BY-SA 4.0, via Wikimedia Commons.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.