Vadym Novynskyi Net Worth

Vadym Novynskyi has an estimated net worth of $1.2 billion, according to Forbes Real-Time Billionaires, Vadym Novynskyi profile (figures as of October 20, 2026). That is up from $1 billion in 2018.

Vadym Novynskyi is a Ukrainian businessman whose fortune is tied to steel and mining. He built his career in Ukraine after starting with Lukoil in 1996. From there, he moved into metallurgy and began buying smaller companies. In 1999, he combined those assets into Smart Group. A few years later, he helped form Smart Holding Group, which became the main base for his business interests in metals and other sectors.

His biggest money move came through Metinvest. In 2007, Novynskyi and his partner combined their metallurgy companies into a deal that gave them a 23.75% stake in the iron ore producer. Forbes says he owns Smart Holding Group, which holds a 24% stake in Metinvest. He later expanded into oil and gas, shipbuilding, agriculture, and finance. Beyond business, he entered parliament in 2013 and won re-election in 2014 and 2019.

How Vadym Novynskyi built his fortune

Novynskyi made his name in Ukraine’s metallurgical business. After working with Lukoil in the mid 1990s, he started buying smaller metallurgy companies. In 1999, he grouped them into Smart Group, giving him a larger platform in heavy industry. That early push into steel set up the business model that would define his wealth for years, with metals and mining at the center of his holdings.

A major turning point came in 2006 and 2007. He and Andrei Klyamko united their Ukrainian metallurgy companies under Smart Holding Group, then exchanged them for a 23.75% stake in Metinvest. Forbes notes that Smart Holding Group has a 24% stake in Rinat Akhmetov’s iron ore producer Metinvest. Smart Holding also had assets in oil and gas, shipbuilding, agriculture, and finance, including Unex Bank before it was sold in 2021.

Forbes net worth snapshot

Forbes has tracked Novynskyi on its billionaires lists for years. Its estimates placed him at $1 billion in 2018 and 2019, then higher in 2021 and 2023 before easing again. Those shifts match a career built around steel and mining, where asset values can move with conditions in the metals business. His wealth has stayed closely linked to Smart Holding and its position in Metinvest.

The latest Forbes estimate is $1.2 billion on its real-time billionaires tracker as of October 20, 2026. That keeps him in the billionaire range even after earlier swings in the Forbes figures. His business story is still mainly about ownership stakes rather than celebrity-style paydays: long-term positions in metallurgy, a major interest tied to Metinvest, and a broader portfolio that has included banking, energy, agriculture, and shipbuilding.