Igor Makarov

Net worth over time

Biography

• Igor Makarov is the founder of Itera, Russia's first independent gas company.
• In the late 1990s, Itera was Russia's main exporter of gas from Turkmenistan, where Makarov was born.
• In 2012 Itera entered into a joint venture with Rosneft, the state-controlled oil company; the next year, Rosneft bought out Itera for $2.9 billion.
• Makarov was appointed as an energy adviser to the president of Turkmenistan in 2019.
• Makarov renounced his Russian citizenship in 2023 and is a citizen of Cyprus
• Makarov, who was once a member of the USSR cycling team, is the honorable president of the Russian Cycling Federation.

Financial assets