#1513

Valentin Gapontsev & family

United States 87 years old Self-Made

Overview

Source of Wealth: lasers
Industry: Manufacturing
Residence
Education: Lviv Polytechnic National University (Bachelor of Science in Engineering)
Moscow Institute of Physics and Technology (Ph.D)
Children: 1

Assets

IPG Photonics

13,030,000 shares @ -

-

IPGP-US

Biography

In 1990, at age 51,Valentin Gapontsev founded IPG Photonics,which produces high-power fiber-optic lasers for cutting materials and telecommunications.

The NASDAQ-listed company is based in Oxford, Massachusetts, but operates all over the world; he owns a 23.2% stake.

Gapontsev holds Russian and U.S. citizenships and lives in Worcester, Mass.