Valentin Gapontsev Net Worth

Valentin Gapontsev is a Russian-American entrepreneur and scientist who is widely regarded as the father of the fiber-optic laser industry. He was born in Worcester, Massachusetts in 1939 and studied laser physics at the Soviet Academy of Science's Institute of Radio Engineering and Electronics. In 1990, at age 51, he founded IPG Photonics, a company that produces high-power fiber-optic lasers for cutting materials and telecommunications. The company is based in Oxford, Massachusetts, but operates globally. Gapontsev holds both Russian and U.S. citizenships and currently resides in Worcester, Massachusetts.
Valentin Gapontsev is a member of Manufacturing

Age, Biography and Wiki

Birth Day February 23, 1939
Birth Place Worcester, Massachusetts, Russia
Residence Worcester, Massachusetts, U.S.
Citizenship Russian and American
Alma mater Lviv Polytechnic National University Moscow Institute of Physics and Technology
Known for founder, CEO and chairman of IPG Photonics
Spouse(s) Married
Children 1

💰 Net worth: $2.8 Billion (2024)

Valentin Gapontsev, a prominent figure in the manufacturing sector in Russia, is projected to have a net worth of approximately $2.8 billion by 2024. Having made significant contributions to the field, Gapontsev has risen to prominence through his relentless efforts in advancing manufacturing technologies. As the founder and CEO of a renowned manufacturing company, his innovative approach has revolutionized the industry, garnering international recognition and establishing his status as a leading entrepreneur. With his vast wealth and expertise, Gapontsev continues to shape the manufacturing landscape in Russia and beyond.

2012 $1.1 Billion
2013 $1.3 Billion
2015 $1.2 Billion
2016 $1 Billion
2017 $1.6 Billion
2018 $3.11 Billion



Valentin Gapontsev was born in Moscow, early in the Second World War, the son of an artillery captain. The family moved to Lvov in 1946, and he spent the next 20 years there. He was educated at Lviv Polytechnic National University and Moscow Institute of Physics and Technology.


In 2011, Gapontsev received the Russian Federation National Award in Science and Technology.