Vladimir Yevtushenkov Net Worth

Vladimir Yevtushenkov has an estimated net worth of $1.6 billion, according to Forbes Real-Time Billionaires, Vladimir Yevtushenkov profile (figures as of October 20, 2026). That is up from $1.5 billion in 2019.

Vladimir Yevtushenkov is a Russian business owner best known for cofounding AFK Sistema in 1993. He built his career first in engineering, then in Moscow city government, where he led the Department of Science and Technology from 1987. After leaving city government in 1993, he turned that base into Sistema. He later became a major shareholder and chairman of the board of the investment holding company, which grew across telecom, banking, retail, healthcare, and hotels.

His rise in business came through control of important assets during privatization and through building Sistema into a broad investment group. An early step was gaining control of Moscow City Telephone Network with a 55% stake. Sistema also invested early in VimpelCom and later exited when it became the first Russian company to list on the New York Stock Exchange in November 1996. In February 2005, he took Sistema public in a $1.35 billion IPO, then Russia's largest ever at the time.

How Vladimir Yevtushenkov built his fortune

Yevtushenkov's wealth comes mainly from AFK Sistema, the holding company he cofounded in 1993. Forbes ties his fortune to telecom and investments, and the company has held stakes in major businesses across several sectors. Its portfolio includes Russia's largest cellular operator MTS, online retailer Ozon, and healthcare chain Medsi. He remains the key owner, with Forbes crediting him for a 49% stake in the company after a later transfer reduced his holding.

Sistema's business history helps explain how that fortune was built. The group was an early shareholder in VimpelCom and sold its stake when the company reached the New York Stock Exchange in November 1996. It also controlled Moscow Bank for Reconstruction and Development, which became an important bank for the Moscow government. In 2023, Sistema expanded its hotel footprint through Cosmos Hotel Group, buying 10 Radisson and Park Inn hotels for 200 million euros from Wenaas Hotel Russia.

What Forbes says about his net worth

Forbes has shown a sharp swing in Yevtushenkov's wealth over the years. Its World's Billionaires List put him at $1.5 billion in 2019, then much higher at $3.4 billion in 2021. After that, the estimate moved down and then held steady for several years. Those changes happened while Sistema stayed active in telecom and other investments, and while Yevtushenkov's reported ownership position in the group also changed.

The latest Forbes reading is $1.6 billion on its real-time billionaires tracker as of October 20, 2026. That estimate still reflects his large remaining interest in AFK Sistema and the value of a portfolio tied to telecom, online retail, healthcare, and hotels. In 2022, he reduced his stake below control and stepped down from Sistema's board of directors, but Forbes still credits him with a major shareholding in the company.