Valentin Gapontsev

Valentin P. Gapontsev (23 February 1939 – 22 October 2021)[1] was a Russian-American billionaire, and the founder, CEO, and chairman of IPG Photonics. At the time of his death, his net worth was estimated at US$2.3 billion.[2]

Valentin Gapontsev
Gapontsev in 2011
Born
Valentin P. Gapontsev

(1939-02-23)23 February 1939
Moscow, Russian SFSR, Soviet Union
Died22 October 2021(2021-10-22) (aged 82)
CitizenshipRussian and American
EducationLviv Polytechnic National University
Moscow Institute of Physics and Technology
Known forFounder, CEO and chairman, IPG Photonics
Spouse(s)Married
Children1

Early life

Valentin Gapontsev was born in Moscow, the son of an artillery captain.[3] The family moved to Lviv in 1946, and he spent the next 20 years there.[3] He was educated at Lviv Polytechnic National University and Moscow Institute of Physics and Technology.[2]

In 2020, Forbes ranked him No. 359 on the Forbes 400 of the richest people in America.[4]

Career

In 1990, Gapontsev founded IPG Photonics.[2]

Gapontsev and his family own 47.6% of IPG.[5]

In 2011, Gapontsev received the Russian Federation National Award in Science and Technology.[1]

Personal life

He was married, with one child, and lived in Worcester, Massachusetts.[2]

Gapontsev died on 22 October 2021. The cause of death is unknown, but it is known that he had cancer.[6]

References
  1. "Valentin Gapontsev". kremlin.ru. Retrieved 7 February 2018.
  2. "Forbes profile: Valentin Gapontsev". Forbes. Retrieved 23 October 2021.
  3. "Independent Thinker: Valentin Gapontsev of IPG Photonics". spie.org. Retrieved 7 February 2018.
  4. "Valentin Gapontsev & family". Forbes. Retrieved 13 October 2020.
  5. MAIN, Peter S. Cohan WALL &. "Valentin Gapontsev, Worcester's aging billionaire". telegram.com. Retrieved 7 February 2018.
  6. "Умер российский миллиардер Валентин Гапонцев". www.azerbaycan24.com. 23 October 2021. Retrieved 23 October 2021.


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