Iskander Makhmudov’s profile picture

Iskander Makhmudov

Iskander Makhmudov’s profile picture
Net worth 2018: $7.63 Billion
Industry: Metals & Mining
Residence: Moscow, Russia
Country: Russia
BirthDay: 5 December 1963
Sigh: Capricorn
Children: 1
Education: Bachelor of Arts / Science, Tashkent State University
BIOGRAPHY

Iskander Makhmudov was bornon 5 December 1963 in Moscow, Russia, Russia. Iskander Makhmudov is #222 in List Billionaires People In The World. Iskander Makhmudov is the main owner of copper producer Urals Mining and Metals Company (UMMC, also known as UGMK), which has controlling stakes in more than 300 companies in nine regions of Russia. He is also a shareholder in Transmashholding, Russia's largest maker of locomotives and rail equipment. Born in Bukhara, Uzbekistan, he lived in Tashkent and graduated from a local university with a degree in oriental studies. In 2009, Spanish authorities named him in a money laundering case, which they handed over to the Russian attorney general's office for further investigation. In March 2012, the case, which also implicates billionaire Oleg Deripaska, was sent to the investigative department of the ministry of internal affairs. The investigation remains open, but no findings have been announced.

NET WORTH STATISTIC
2009

$3.3 Billion

2010

$8.5 Billion

2011

$9.9 Billion

2012

$8.2 Billion

2013

$8.7 Billion

2014

$6.1 Billion

2015

$3.5 Billion

2016

$4 Billion

2017

$6.5 Billion

2018

$7.63 Billion

TIMELINE
2015

According to SKRIN Market & Corporate News, Makhmudov planned to direct his company to develop a new regional jet by 2015

2014

In June 2014, Makhmudov closed a deal with Hyatt Hotels to build a luxury apartment hotel in Yekaterinburg, Russia

2012

The average copper prices will be around $8,000 a tonne in 2012

2011

In August 2011, the first Wendy's restaurant opened in Russia

2001

Yekaterinburg News called him "One of Russia’s most prominent and civically involved industrialists" who has contributed more than $1 billion to social, civic and philanthropic causes since 2001, adding “During the period of Russian rebuilding and economic liberalization, or perestroika, Makhmudov helped lead the country’s transition into a free market, capitalist, wealth- and prosperity-producing economy

1999

He has worked in several other business positions:In 1999, he created UMMC

1991

Makhmudov’s ascension to success began in 1991 when the state economy was replaced with capitalism after the fall of the USSR

1922

”According to Forbes Magazine, Iskander Makhmudov is the 22nd wealthiest person in Russia

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