Dmitry Pumpyansky Net Worth

Dmitry Pumpyansky has an estimated net worth of $3 billion, according to Forbes Real-Time Billionaires, Dmitry Pumpyansky profile (figures as of October 20, 2026). That is up from $1.6 billion in 2018.

Dmitry Pumpyansky is a Russian businessman who built TMK into Russia's leading maker of steel pipes for the oil and gas industry. He was born on March 22, 1964, and graduated from the Kirov Ural Polytechnic Institute in 1986. He went on to earn advanced degrees in engineering and economics, has written more than 70 scientific works, and taught at the Higher School of Economics in Moscow.

He started out as a metals trader and ran several metal plants in the Urals in the 1990s before taking over the Sinarsky Pipe Factory. He is married with one child. Forbes says he lives in Yekaterinburg, where he owns a gallery of modern art that shows pieces from his own collection, mostly by Russian artists. In 2022 Swissinfo reported that he, his wife and son live in Geneva.

How Dmitry Pumpyansky made his money

Pumpyansky's fortune comes from pipes. He joined TMK in 2002 and bought the company together with fellow billionaires Sergei Popov and Andrei Melnichenko. In 2006 he bought out his partners and became the sole owner. TMK has supplied Gazprom since 1998 and ranks first in Russia. In 2011 a joint venture of his with Siemens won a $2.7 billion contract from Russian Railways for modern Lastochka trains. In March 2021 TMK bought an 86.5% stake in rival ChelPipe Group.

In March 2022 he was sanctioned by the EU and the UK. TMK then said he was no longer a beneficiary of the company, and he left its board. His 236 foot yacht Axioma was seized in Gibraltar and sold at auction for $37.5 million. After an appeal, the European General Court annulled the EU sanctions in September 2025.

How Forbes has valued Dmitry Pumpyansky

Forbes estimated Pumpyansky at $1.6 billion in 2018 and $2.2 billion in 2019. His figure fell to $1.8 billion in 2020 before rising to $2.4 billion in 2021. In 2023 Forbes put him at $1.7 billion, after the sanctions year.

He then rebounded strongly. Forbes valued him at $3.3 billion in 2024, $2.9 billion in 2025 and $3 billion on its 2026 World's Billionaires List. As of October 20, 2026, the Forbes real-time billionaires tracker also showed $3 billion. The swings track the fortunes of Russian industry and the shifting status of his ties to TMK.