Igorzuzin net worth
Igor Zuzin Net Worth: Igor Zyuzin is a Russian businessman with a net worth of $1.8 billion. He accumulated his net worth through Mechel, one of Russia’s leading mining and metallurgical companies, where he is the chairman of the board and the majority shareholder.
Born Igor Vladimirovich Zyuzin on May 29, 1960 in Kimovsk, Tula Region, he received two diplomas (one in mining and economics, the other in technical sciences) from the Tula Polytechnic Institute. He started his career at the Raspadskaya mine in 1987 and left the mine some six years later due to disagreements with the new management led by Gennady Kozlov. In 2003, he founded Mechel, which has grown into a producer of coal, iron ore, nickel steel, rolled products, hardware, and heat and electricity. Headquartered in Moscow, the company also has active operating facilities in Russia, Lithuania, Kazakhstan, Bulgaria, Ukraine, the United Kingdom and the United States. As of today, it has more than 20 factories and coal mines around the world. Since March 2003, he has been the chairman of the company. He has also served as Chief Executive Officer and Director since December 2006. After Mechel lost about $550 million ($9.1 billion in debt) in the first months of 2012, Zyuzin was forced to sell several of the company’s assets, including factories in Romania, wire mesh maker Mechel Namunas in Lithuania and nickel producers Yuzhuralnickel. In addition to his role at Mechel, M. Zyuzin has served as Chairman of the Board of Directors of Southern Kuzbass Coal Company since May 1999. From 1997 to 1999 he also served as Chairman of the Board of the Mezhdurechensk Coal Company, where he is currently a member of the Board of Directors of the Kuzbass Central Processing Plant.
