Famous for
- One of the founders of TMK (Trubnaya Metallurgicheskaya Kompaniya), the world’s leading pipe manufacturer. Founder of the Sinara Group, a diversified investment holding company.
- Pumpyansky made his fortune through lucrative contracts with state corporations.
Assets
- Leading Russian pipe manufacturer TMK. Prior to 2022, Pumpyansky owned 90.6% of the company’s shares. As of 2023, its value was estimated at 232.2 billion rubles (about $2.64 billion). The company operates more than 15 companies in Russia, Romania and Kazakhstan.
- Sinara Group, which incorporates 45 companies in transport engineering, finance, development, tourism, agribusiness and energy. The holding’s revenues in 2022 were estimated at 310 billion rubles ($4.62 billion). Until 2022, Pumpyansky was the majority shareholder of the group.
- Pumpyansky is the owner of the 72-metre yacht Axioma, worth about $69 million (4.69 billion rubles). In 2022, the vessel was seized by the Gibraltar authorities.
Interests and hobbies
- Along with his son, Dmitry Pumpyansky is passionate about winemaking. In 2008 he bought Prieuré Saint Jean de Bébian, a small vineyard in France producing about 40 litres of wine a year for €5 million (about 180 million rubles).
- He is involved in scientific and educational work. Pumpyansky is Chairman of the Supervisory Board of the Ural Federal University and a professor at the Higher School of Economics. He has published 4 monographs and over 70 scientific papers.
- He has been an art collector for more than 20 years. His collection includes more than 1,500 works, the oldest of which dates back to 1892. The collection is exhibited in the gallery of the Sinara Centre, which he owns.
Professional history
Born on 22 March 1964 in Ulan-Ude, Buryat SSR.
In 1986 he graduated from the Kirov Ural Polytechnic Institute (now the Ural Federal University).
After graduation, he worked at the institute and, together with his colleagues, founded a research and production company, Vnedeniye. It was involved in R&D for metallurgical enterprises, trade, construction and catering.
From 1991 to 1995, he was a manager at the Verkh-Isetsky Metallurgical Plant.
From 1995 to 1998 he worked as a director at the Chelyabinsk Metallurgical Plant.
From 1998 he headed the Sinarsky Pipe Plant.
In 2001, billionaires Andrey Melnichenko and Sergei Popov began to set up TMK. Pumpyansky joined them as a partner, merged his Sinarsky Pipe Plant with the group and became the company’s CEO.
Since 2002, TMK has been one of the main suppliers of pipes to Gazprom.
In 2001, Pumpyansky founded the Sinara Group.
Around the same time, he joined the boards of Uralpromstroybank and SKB-Bank.
In 2001 he was awarded a doctorate in technical sciences.
In 2007 he received a doctorate in economics.
In 2010, Sinara Group established a joint venture with Siemens. A year later, it signed a contract with Russian Railways to supply Lastochka trains worth $2.7 billion (about 78.3 billion rubles).
From 2012 to 2014, Pumpyansky headed the supervisory board of state-owned Russian Agricultural Bank, one of Russia’s largest banks in the field of financing agribusiness.
In 2015, Sinara Group won a 12.2 billion ruble (about $200 million) state contract to rebuild Yekaterinburg’s Central Stadium ahead of the 2018 FIFA World Cup.
In 2017, TMK signed contracts with Rosneft for the supply of pipes totalling 228 billion rubles (about $3.4 billion).
In 2022, Sinara Group won a state contract worth 17.4 billion rubles (about $260 million) to build a student campus in Yekaterinburg.
In 2022, following the implementation of EU sanctions, Pumpyansky withdrew from the beneficiaries and management of TMK and Sinara Group. He is also subject to sanctions in Canada, the United Kingdom, the United States, Japan, Switzerland, New Zealand and Ukraine.
Deals and ventures
- In 1998, Pumpyansky bought an 11% stake in the Sinarsky Pipe Plant for 45 million rubles (about $7 million).
- In 2003, he purchased a 33% stake in TMK from his business partners Popov and Melnichenko for $300 million (about 9 billion rubles).
- In 2006, he bought the remaining shares from his partners for $1.3 billion (about 35.1 billion rubles) and became the sole owner of the company.
- Between 2015 and 2016, state-owned VTB Bank bought a 13.4% stake in TMK for about 10 billion rubles ($166 million).
- In the same period, 5.5% of TMK’s shares were bought by state-owned Rosatom for 5.5 billion rubles (about $86.8 million).
- In 2019, TMK sold 100% of its US subsidiary IPSCO to Tenaris for $1.2 billion (approximately 76.8 billion rubles).
- In 2021, TMK acquired an 86.5% stake in the Chelyabinsk Pipe Rolling Plant for 84.2 billion rubles (approximately $1.15 billion). After the merger, the company took over 41% of the pipe market in Russia.
- In 2022, Sinara Group bought industrial gas company Cryogas from Gazprombank for 20 billion rubles (about $294 million). This was reportedly done in order to open a new business line within the group’s ESG strategy.
Achievements
- Member of the Board of the World Steel Association, which represents approximately 85% of the world’s steel producers.
- He is the recipient of numerous state awards including the Order of Merit of the Fatherland classes II, III and IV, the Order of Honour and the title of Honoured Metallurgist of the Russian Federation for his contribution to the development of the industry.
- He is an Honoured Citizen of Yekaterinburg and Sverdlovsk Region.
Criticism and disputes
- In 2021, Sinara Group filed a complaint with the Federal Antimonopoly Service against Transmashholding, owned by Pumpyansky’s competitors Andrei Bokarev and Iskander Makhmudov, over the terms of a tender for the purchase of electric trains for Moscow Region. According to the complainants, the terms of the tender were drawn up in the interests of Transmashholding.
- In 2023, Pumpyansky challenged the EU sanctions imposed on him. A court in Luxembourg rejected his claim and Pumpyansky decided to challenge this decision in the Court of Justice of the European Union.
Attitudes to Russian–Ukrainian conflict
Hasn’t spoken out publicly.
Community work
- In 2001, he established the Sinara Charitable Foundation, which implements programmes in healthcare, education, culture and sport, and social protection, and provides grants to other non-profit organizations. More than 43 million rubles (about $500,000) has been raised to help children with cancer.
- Since 2011, it has organized the annual Ekaterina Assembly auction. The money raised at these events is donated to charity. In its first 10 years, the project raised more than 250 million rubles (about $3.8 million).
- Dmitry Pumpyansky is a board member of the Russian Olympians Support Fund, which supports various sports initiatives. For example, in 2020 alone, the fund allocated 300 million rubles (about $4.1 million) to infrastructure for new olympic sports.
Additional information
Married, one child.
Source for information: Forbes.com, Bloomberg.com, Forbes.ru, Ria.ru, Magister.urfu.ru, Tass.ru
