Konstantin Strukov is a prominent Russian entrepreneur and politician, best known as the founder and chief owner of Yuzhuralzoloto Group of Companies (UGC), one of the leading gold mining firms in the country. Born in 1958 in the Orenburg region, Strukov embarked on his career in mining after graduating from Magnitogorsk State Technical University. In 1997, he took the reins of UGC—then a failing business—and turned it into a major player in Russia’s gold industry.
As of July 2025, Forbes estimates Strukov’s fortune at $1.9 billion, placing him among Russia’s richest individuals. His influence goes beyond the private sector, as he has been actively involved in regional politics since 2000, serving as deputy speaker in the Chelyabinsk legislative assembly. He is aligned with the ruling United Russia party, which maintains strong ties to President Vladimir Putin.
Recently, Strukov has come under fire from Russian prosecutors, who are seeking to confiscate his majority interest in UGC. Authorities claim that the acquisition and transfer of assets were riddled with corruption, misuse of political clout, and questionable offshore dealings involving relatives. The state aims to take control of his holdings, casting a spotlight on his extensive empire.
Early Life and Education
Birth and Family Background
Konstantin Strukov was born on September 10, 1958, in the village of Dimitrovo, located in the Ilek district of Russia’s Orenburg region. Coming from a humble background, Strukov’s early years were shaped by discipline and a relentless work ethic that would later define his path to success.
Academic Pursuits
In 1980, he completed a degree in mining engineering at the Magnitogorsk Mining and Metallurgical Institute. His technical training served as the foundation for his rise in the mining industry.
Career Trajectory
Early Mining Career
Strukov began his professional life in 1980 as a mining engineer at the Karaganda Coal enterprise in Kazakhstan. The early years provided him with invaluable field experience. He later held various operational and leadership roles in Bashkortostan, including mine foreman, section leader, chief engineer, and eventually mine director.
Acquisition of Yuzhuralzoloto
In 1997, Strukov acquired Yuzhuralzoloto, a struggling gold mining outfit based in Chelyabinsk. Through strategic investments and key asset purchases—most notably the Svetlinsky deposit—he revitalized the company and positioned it for long-term growth.
Growth and Diversification
Strukov guided UGC through an aggressive period of expansion, purchasing reserves in regions such as Khakassia and Krasnoyarsk. By 2004, the firm’s gold output had increased from 3 to 10 metric tons per year. Today, UGC operates 17 major assets and 8 processing plants, supported by two primary regional centers.
Political Involvement
Role in Regional Government
Since the year 2000, Strukov has held the role of deputy speaker in the Chelyabinsk regional legislative body. He is a representative of the United Russia party, widely regarded as the nation’s dominant political organization. His business progress is often seen as being deeply intertwined with his political standing.
Personal Life
Family
Konstantin is married to Lyudmila Strukova. Together, they have two children. Their daughter, Alexandra, holds Swiss citizenship and resides abroad. Despite her location, she is listed as a shareholder in Yuzhuralzoloto and other related businesses. Reports also indicate that several family members are engaged in business activities in Montenegro and Serbia.
Lifestyle and Residence
The Strukov family is based in Chelyabinsk, Russia. Konstantin is known to own the luxury yacht Rose d’Or, which was manufactured by San Lorenzo and delivered in July 2023. He is also linked to several hotel and resort ventures in Montenegro.
Legal Challenges and Asset Seizure
Corruption Allegations
In July 2025, Russian prosecutors initiated legal proceedings aimed at reclaiming Strukov’s majority control of Yuzhuralzoloto. The charges include corruption, improper asset transfers to offshore entities and relatives, and misuse of political authority for personal gain. The legal action is part of a broader push to bring his business holdings under state ownership.
Flight Prevention and Asset Freeze
On July 5, 2025, officials halted Strukov’s private jet as it was preparing for departure to Turkey. His passport was confiscated, and the aircraft was grounded. However, company representatives denied any attempt to flee, stating that Strukov was working in the firm’s Moscow office at the time.
Recognition and Awards
Throughout his career, Strukov has received several distinctions in acknowledgment of his work in the mining industry and contributions to regional development:
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Miner’s Glory Badge – Classes I, II, and III
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Golden Badge of Honor “Miner of Russia”
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Zhukov Medal
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Order of Sergius of Radonezh (awarded for church restoration in Kochkar)
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Commendation from the Chelyabinsk Region Governor
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Letter of Appreciation from the Presidential Representative of the Urals Federal District
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Order “For Merit to the Fatherland” (awarded in 2013)
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Medal of the Order “For Merit to the Fatherland,” Second Class (2021)
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Honorary citizenships in the Chelyabinsk region, Plast, and Uysky district.
Conclusion
Konstantin Strukov’s transformation from a Soviet-era mining engineer to a billionaire gold industry magnate represents a story of grit, foresight, and ambition. Yet, his achievements are now clouded by serious allegations and legal scrutiny. The unfolding investigation illustrates the risks that accompany power and influence in modern Russia. As legal proceedings continue, the future of both his career and legacy remains deeply uncertain.
Frequently Asked Questions
What is Konstantin Strukov’s net worth?
As of 2025, his estimated wealth stands at $1.9 billion, according to Forbes.
Where was Konstantin Strukov born?
He was born in Dimitrovo village, located in the Ilek district of the Orenburg region, Russia.
What is Yuzhuralzoloto?
It is the third-largest gold mining company in Russia, headquartered in the Chelyabinsk region.
How did Strukov acquire Yuzhuralzoloto?
He took control of the company in 1997 and revitalized it through key acquisitions, including the Svetlinsky deposit.
What is his political role?
He serves as deputy speaker in the Chelyabinsk regional legislative assembly and is affiliated with the United Russia party.
Has he faced legal trouble?
Yes. Authorities are pursuing legal measures to confiscate his business assets, citing corruption and illicit financial practices.
Was he trying to flee Russia?
Authorities grounded his plane en route to Turkey, but his company asserts he was in Moscow and not attempting to escape.
Does he own any luxury property?
Yes, including the Rose d’Or yacht and hospitality ventures in Montenegro.
What awards has he received?
Among others, he has received the Order “For Merit to the Fatherland” and the Zhukov Medal.
What’s his current status?
As of July 2025, he remains under investigation, with legal actions concerning his assets still in progress.
