Valentin Bukhtoyarov was born in Russia. New billionaire is one of the four co-owners of Sibuglemet, a coal mining company that is also the among the largest coal suppliers in Russia. He is responsible for the company's economic, financial and accounting matters. The group has benefitted from rising coking coal prices. Graduate of Siberia metallurgy institute started working at one of the coal mines in the Kemerovo region. With Anatoly Skurov and Vladimir Melnichenko (both billionaires) founded Sibuglemet in 1995; joined by Alexander Shchukin (also billionaire) in 1999. Bukhtoyarov is a big fan of horse races, owns several horses.