Vladimir Iorich

Vladimir Iorich

$1.40 B

Ranked #1210 in World

About Vladimir Iorich

Vladimir Iorikh, a prominent figure in the global mining and metals sector, has made significant strides since his early days in Novokuznetsk, Soviet Union. As the president of Conares Holding since 1995 and the founder of Pala Investments in Zug, Switzerland in 2006, Iorikh has diversified his portfolio to include investments across various resource sectors, including uranium mining in the United States. Despite claiming to be a German-Swiss tycoon with no ties to Russia, his extensive career began with a degree from Kemerovo Polytechnic Institute and expanded into coal investment before venturing into steel with Mechel, where he served as CEO until 2006. Under his leadership, Mechel saw its IPO on the NYSE in 2004. His venture, Pala Investments, focuses on mining and metals, emphasizing renewable energy and battery sector raw materials. Iorikh's investments span globally from rare earth elements mining in Burundi and gold mining in Türkiye to lithium projects in Western Australia and cobalt and nickel production in Papua New Guinea and Canada. Holding dual Russian and German citizenship, Iorikh resides in Switzerland, marking a distinguished career that bridges continents and sectors.

Born

September 09, 1958

Age

67 years

Source Of Wealth

Mining, Steel

Industries

Metals & Mining

Citizenship

Germany

Residence

Zug

Education

Bachelor of Science in Engineering, Kuzbass Polytechnic Institute

Vladimir Iorikh was born in 1958 in Novokuznetsk, Soviet Union. There is limited information available about his early years and childhood.

Vladimir Iorich: Family

Vladimir Iorikh is married and has a son named Yevgeny Iorikh. Yevgeny holds a controlling stake in Kada-Neftegaz LLC, which owns oil and gas fields in Irkutsk.

Vladimir Iorich: Career Highlights

Vladimir Iorikh began his investment activity in the coal sector and later expanded into other resource sectors with his business partner Igor Zyuzin. He made his initial fortune during the breakup of the Soviet Union and served as the CEO of Mechel until selling his stake in 2006.

Vladimir Iorich: Companies

  • Conares Holding (President)
  • Pala Investments (Founder)
  • Mechel Steel Group (CEO)
  • Rainbow Rare Earths Ltd.
  • Anatolia Minerals Development Ltd.
  • Altura Mining Limited
  • Nickel 28 Capital Corporation (formerly Cobalt 27)
  • Gemcom Software
  • Norcast Income Fund
  • Neo
  • Nevada Copper Corp.

Vladimir Iorich: Major Achievements

  • Founded Conares Holding, a Swiss firm, in 1995.
  • Founded Pala Investments, a private equity and venture capital firm, in 2006.
  • Served as CEO of Mechel Steel Group from 1995 to 2004.
  • Led Mechel Steel Group to an IPO on the NYSE in October 2004.
  • Gained control of Cobalt 27 in 2019 and renamed it Nickel 28 Capital Corporation.

Vladimir Iorich: Awards & Achievements

There is no information available about any specific awards or achievements received by Vladimir Iorikh.

Vladimir Iorich: Personal Life & Legacy

Vladimir Iorikh holds both Russian and German citizenship and currently resides in Switzerland. He is known for his business acumen and investments in the mining and metals sector, particularly in rare earth elements and renewable energy.

Vladimir Iorich: Trivia

Vladimir Iorikh claims to be a German-Swiss tycoon with no ties to Russia, despite his Russian origin and control over uranium mining in the United States.

Wealth History

Timeline

1958

Vladimir Iorikh is born in Novokuznetsk, Soviet Union.

1980

Iorikh graduates from Kemerovo Polytechnic Institute with a degree in engineering and economics.

1995

Iorikh becomes CEO of Mechel and forms Swiss firm Conares Holding.

2003

Mechel Steel Group is formed.

October 2004

Mechel Steel Group has an IPO on the NYSE with Iorikh as CEO.

2006

Iorikh sells his 42% stake in Mechel to Igor Zyuzin for about $1.5 billion and moves to Zug, Switzerland. He also founds Pala Investments in Zug with money from the Mechel stake sale.

Early April 2015

Pala invests in Rainbow Rare Earths Ltd. and gains a 25-year mining license with renewal for rare earth elements in Western Burundi at Gakara.

August 2017

Pala provides financing to Altura Mining Limited's Pilgangoora Lithium Project in Western Australia.

2019

Pala gains control of Cobalt 27 and renames it Nickel 28 Capital Corporation.

December 2021

Iorikh gains a stake in Nevada Copper Corp.

Vladimir Iorich : FAQs

What is Vladimir Iorich's net worth?

As of 2014, Vladimir Iorich's net worth was $1.40 billion.

What are Vladimir Iorich's main sources of wealth?

Vladimir Iorich's main source of income comes from Mining, Steel.

In which industry does Vladimir Iorich primarily operate?

Vladimir Iorich is primarily involved in the Metals & Mining industry.

What is Vladimir Iorich educational background?

Vladimir Iorich holds a Bachelor of Science in Engineering from Kuzbass Polytechnic Institute.

How old is Vladimir Iorich?

Vladimir Iorich is 67 years old.

How many children does Vladimir Iorich have?

Vladimir Iorich has 1 children.

Who is Vladimir Iorikh and what is his connection to the steel industry?

Vladimir Iorikh is a Russian steel tycoon born in 1958 in Novokuznetsk, Soviet Union. He is the president of the Swiss firm Conares Holding, formed in 1995, and has significant investments in the steel and mining sectors.

What significant venture did Vladimir Iorikh establish in Switzerland in 2006?

In 2006, Vladimir Iorikh founded Pala Investments, a private equity and venture capital firm based in Zug, Switzerland, focusing on investments in the mining and metals sector.

How did Vladimir Iorikh contribute to Mechel's growth and international presence?

Vladimir Iorikh served as CEO of Mechel from 1995 to 2004, leading the company through its IPO on the NYSE in October 2004. Under his leadership, Mechel expanded its authorized capital by 30%, with a significant portion of new shares bought by Deutsche Bank Trust Company Americas.

What unique investment did Pala make in Burundi, and why is it significant?

In early April 2015, Pala Investments invested in Rainbow Rare Earths Ltd., gaining a 25-year mining license for rare earth elements at the Gakara site in Western Burundi. This site is notable for being the only known rare earth elements mine in Africa, offering high-value rare earth concentrate with low radioactivity.

How has Vladimir Iorikh diversified his investments through Pala Investments?

Through Pala Investments, Vladimir Iorikh has diversified into various sectors including gold, copper, tin, rare earth elements, cobalt, nickel, lithium, and processing businesses. This includes strategic investments in projects and companies across different regions such as Canada, Western Australia, Papua New Guinea, Türkiye, and Burundi.
Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+