Vladimir Krupchak’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 |
| 2024 | $1.2 billion | Forbes World's Billionaires List 2024 |
| 2025 | $1.2 billion | Forbes World's Billionaires List 2025 |
| 2026 | $1.6 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $1.6 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.
Vladimir Krupchak’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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Vladimir Krupchak has an estimated net worth of $1.6 billion, according to Forbes Real-Time Billionaires, Vladimir Krupchak profile (figures as of October 20, 2026). That is up from $1.2 billion in 2024.
Vladimir Krupchak is a Russian-born entrepreneur, a citizen of Cyprus, and a former member of Russia's State Duma. His fortune comes from his stake in the Arkhangelsk Pulp and Paper Mill (APPM), Russia's largest producer of cardboard and one of its biggest makers of market pulp. He was born on January 29, 1958, in the village of Bykovo in the Arkhangelsk region.
Krupchak began his career far from industry. He graduated from the dentistry faculty of the Arkhangelsk State Medical Institute in 1980. He later studied business, graduating from the School of Business of the University of Portland in the United States in 1994, and earned a PhD in economics in 2000 and a doctorate in economics in 2004.
He is married and has seven children. His honors include a Russian state medal awarded in 1999 for his role in preparing the Bandy World Championship in Arkhangelsk. He has also received Ukraine's Order of Merit, awarded in 2003 for his work preserving the national and cultural traditions of Ukrainians in Russia, and the Peter the Great national prize as a leader of the Russian timber industry.
How Vladimir Krupchak made his money
From 1990 to 2000 Krupchak ran the commercial manufacturing company Titan as director general. From 1996 to 2004 he was chairman of the board of APPM and Sawmill 25 and president of the Titan Group, which grew into a leading company in Russia's sawn timber market. His wife is a stakeholder of Titan Group.
In the 2000s he fought a corporate battle with billionaire Oleg Deripaska for control of APPM. Before 2022 he also controlled the Russian and Ukrainian assets of Austria's Pulp Mill Holding. From 2004 to 2007 he served as a deputy in the State Duma, where he chaired the subcommittee on forest resources. He has stayed out of politics since 2008. His fortune today rests mainly on APPM.
How Forbes has valued Vladimir Krupchak
Forbes first listed Krupchak on the World's Billionaires List in 2024, with a net worth of $1.2 billion. His figure held at $1.2 billion in 2025.
On the 2026 World's Billionaires List it rose to $1.6 billion, and as of October 20, 2026, the Forbes real-time billionaires tracker also showed $1.6 billion. His figure is based on Forbes estimates of the value of his pulp and paper holdings.
Career and money timeline
- 1958
Born in Bykovo, Arkhangelsk region.
- 1980
Graduated in dentistry from the Arkhangelsk State Medical Institute.
- 1996
Became chairman of the Arkhangelsk Pulp and Paper Mill.
- 2004
Elected to the State Duma.
- 2007
Left the State Duma.
- 2024
First listed by Forbes as a billionaire.
Vladimir Krupchak net worth FAQ
What is Vladimir Krupchak's net worth?
Vladimir Krupchak's net worth is an estimated $1.6 billion, according to Forbes Real-Time Billionaires, Vladimir Krupchak profile (October 20, 2026). It is an estimate, not an official figure.
How did Vladimir Krupchak get so rich?
The main sources named in the reporting we cite are: Manufacturing.
Is Vladimir Krupchak a billionaire?
Yes. Forbes Real-Time Billionaires estimates Vladimir Krupchak is worth $1.6 billion.
How has Vladimir Krupchak's net worth changed?
The earliest published estimate we track is $1.2 billion (2024, Forbes World's Billionaires List 2024). The latest is $1.6 billion (October 20, 2026).
Was Vladimir Krupchak a dentist?
He trained as one, graduating from the dentistry faculty of the Arkhangelsk State Medical Institute in 1980, before moving into business.
Sources
- Forbes Real-Time Billionaires, Vladimir Krupchak profile (October 20, 2026)
- Forbes World's Billionaires List 2024, Vladimir Krupchak profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Vladimir Krupchak profile (April 2025)
- Forbes World's Billionaires List 2026, Vladimir Krupchak 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, Vladimir Krupchak (accessed October 30, 2026). Used for career facts only, never for figures.
Photo: АО «Архангельский ЦБК», 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.