Andrei Kozitsyn Net Worth

Andrei Kozitsyn has an estimated net worth of $5.2 billion, according to Forbes Real-Time Billionaires, Andrei Kozitsyn profile (figures as of October 20, 2026). That is up from $4.4 billion in 2019.

Andrei Kozitsyn is a Russian metals businessman who cofounded and, until 2022, ran Ural Mining Metallurgical Company, or UMMC, Russia's leading zinc miner and second-biggest copper producer. His full name is Andrei Anatolyevich Kozitsyn, and he was born in 1960. He grew up in Verkhnyaya Pyshma in the Urals, where he still lives. He is married with one child.

Kozitsyn studied metallurgy and holds a master's degree in engineering from Ural Polytechnic Institute. He began his career as a mechanic at Uralelectromed, the plant that is now UMMC's main factory, and rose to become its general director from 1995 to 2002.

He is a major sports patron in the region. In 2016 he became president of the KHL hockey club Avtomobilist and announced plans for a 15,000 seat arena in Yekaterinburg. He also heads the UMMC basketball club and the charity Children of Russia, and he founded a military equipment museum with tanks, armored vehicles and planes.

How Andrei Kozitsyn made his money

Kozitsyn cofounded UMMC in the late 1990s with fellow billionaire Iskander Makhmudov, his longtime partner. He became its general director in 2002. The group grew into one of Russia's top producers of copper, zinc, coal and gold, and as of 2017 he owned 35% of it. The two men also own businesses in the Urals in farming, construction and telecoms.

In July 2022 the EU sanctioned him over Russia's invasion of Ukraine, and that month he left the CEO post at UMMC. He has kept stakes in UMMC-Agro and European Media Group, and in 2021 he founded several new companies, including a motorcycle firm and a healthy food factory.

Forbes lists Kozitsyn as self-made, since he rose from the factory floor to the top of the company he helped build.

How Forbes has valued Andrei Kozitsyn

Forbes valued Kozitsyn at $4.4 billion in 2019, $4.8 billion in 2020 and $6.3 billion in 2021. His figure then crashed to $1.9 billion in 2022, the year of the sanctions, before rebounding to $4.3 billion in 2023 and $4.4 billion in 2024.

After a dip to $3.4 billion in 2025, Forbes put him at $5.2 billion on its 2026 World's Billionaires List. As of October 20, 2026, the real-time billionaires tracker also showed $5.2 billion. His estimate moves with copper and zinc prices and with Forbes' view of Russian assets.