Anatoly Sedeh Net Worth
Anatoly Sedik Net Worth: Anatoly Sedykh is a Russian entrepreneur with a net worth of $1.7 billion. Born Anatoly Mikhailovich Sedykh in 1964, he is the head of the United Metallurgical Corporation (UMC), Russia’s second largest pipe producer and largest manufacturer of train wheels. Sedykh holds a degree in Science and Engineering and a Ph.D. in Economics from the Moscow State Institute of Steel and Alloys, and started his career as an economist at the Central Institute of Ferrous Metallurgy.
In 1989, he received a $1.5 million loan from Sberbank, a leading Russian bank, to set up a scrap metal recycling joint venture. Sedykh then started buying shares in Vyksuncky Steel Works (VSW), a Ural region steel producer. By 1999, he was one of the controlling shareholders of the company along with a partner. In addition, Sedykh served as VSW’s Director General and Chairman, and under his leadership, the company managed to emerge from a huge crisis in a short period of time. Eventually, Sedykh formed Union Metallurgical Company, which last year reached a deal with state monopoly Russian Railways to extend their wheel contract for another 12 years. In addition, the company signed two other huge deals: a gas pipeline to Germany and an oil pipeline to China.
