Mikhail Kalashnikov Net Worth


Mikhail Timofeyevich Kalashnikov's Net Worth as of 2024

Born Mikhail Tomofeyevich Kalashnikov on the 10th November 1919, in Kurya, Altai Krai, Russian SFSR, he was a Russian general, military engineer, inventor and small arms designer, best known to the world as the developer of the AK-47 assault rifle and its improved model AKM, and AK-74. He passed away in 2013.

Have you ever wondered how rich Mikhail Kalashnikov was, at the time of his death? According to authoritative sources, it has been estimated that Kalashnikov’s net worth was as high as $500,000, an amount earned through his varied career, which started in the late ‘30s. Thanks to his contribution to the Russian military, he received numerous prestigious honors, including the Order of St. Andrew the Apostle the First-Called, then Hero of the Russian Federation, Order of the Red Banner of Labour, and Gold Medal of Zhukov, among many others.

Mikhail Kalashnikov Net Worth $500,000

Mikhail was the 17th child of 19 to peasant farmer Timofey Aleksandrovich Kalashnikov, and his wife Aleksandra Frolovna Kaverina – only eight lived to adult age, and even Mikhael experienced various health problems in his early years, and was close to death when he was six years old. In addition to health problems, Mikhail’s early years were also marked by poverty, and as a result, he and his family were deported to the village of Nizhnyaya Mokhovaya, Tomsk Oblast. Once he recuperated from the illness that endangered his life, Mikhail became fond of machinery, and in his teens, he would often use his father’s rifles for hunting, for which he developed a great desire and continued the activity into his 90s.

Following his completion of the seventh grade, with father’s permission, Mikhail hitchhiked to his native Kurya, were he found a job as a mechanic at a tractor station, but also became attracted to weaponry. Then in 1938 he joined Russian Red Army, and due to his skills and small frame, Mikhail was appointed as a tank mechanic, and in the years to come, he became a tank commander. Little by little his engineering and innovative skills came to the fore, first he was focused on just tanks, but then on small weapons. Thanks to his early contributions. he received a wrist watch directly by Marshall Georgy Zhukov. During the Battle of Brody, he was injured and hospitalized, where he overheard soldiers speaking about the lack of an automatic rifle, and so became focused on developing one. The result was the famed AK-47, short for Avtomat Kalashnikova. However, before the AK-47 was accepted, he developed several prototypes, including Mikhtim, among others.

Two years after AK-47 became the official rifle of the Soviet Army, Mikhail moved to Izhevsk, Udmurtia, and continued his work on Russian weaponry. He created a modernized version of the AK-47, called AKM, then RPK, then PK machine gun.

Aside from weaponry, Mikhail also had success in business; he owned a third of the German company Marken Marketing International, through which he had several products carrying his name, including vodka, knives, and umbrellas as well, the sales of which also added to his wealth.

Regarding his personal life, Mikhail married twice; his first wife was Ekaterina Danilovna Astakhova, but there aren’t further details about their marriage. Then in 1921, he married Ekaterina Viktorovna Moiseyeva, to whom he was married until her death in 1977. The couple had four children together, one of whom died at 30 years of age.

Mikhail died on the 23rd December 2013 in Izhevsk, Udmurtia, Russia from a gastric hemorrhage. Mikhail’s remains were buried in the Federal Military Memorial Cemetery, one of the first people to be buried at the particular resting place.

Several months before his death he wrote a letter to Patriarch Kirill, leader of the Russian Orthodox Church at the time, which was then published in Izvestia. In the letter he was saying about his troubled mind, thinking that he was responsible for the deaths that weapon he had developed had caused. He got the answer from Patriarch, who said of him that he “was an example of patriotism and a correct attitude towards the country”.

Daniel Wanburg
Daniel Wanburg
As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.


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