The artist was born in 1947. In 1965 graduated from Kyiv Art School, Kyiv, Ukraine. In 1971 graduated from Kyiv Art Institute (master class of the academician T. Yablonska), Kyiv, Ukraine. In 1998 he became the Artist of the Year (Golden section prize at the 3rd International Art Festival in Kyiv). He is a member of the National Artists Union of Ukraine since 1975. Volodymyr Budnikov is an Honoured Art Worker of Ukraine and a Professor of the Ukrainian Academy of Fine Arts. Lives and works in Kyiv.

Artist, who is known for his research in metaphysics field of painting and for creating a “new-baroque” trend in nonfigurative painting. Works of Volodymyr Budnikov are represented in the museums of Kyiv, Dnipro, Zaporizhzhya, Chernigiv, Sumy, Berdyansk. Also they are in the private collections and galleries of Ukraine, Austria, USA, Germany, France and Japan.