Rank #352
Iskander Makhmudov
Net worth $9.7B
Mining, metals, machinery · Russia
- Born
- Dec 05, 1963
- Age
- 62
- Source
- Mining, metals, machinery
- Residence
- Moscow
- Citizenship
- Russia
- Marital status
- Married
- Children
- 1
- Education
- Master of Arts/Science, Tashkent State University
Net worth over time
Biography
- The Uzbekistan-born Makhmudov was the main owner of copper producer Ural Mining Metallurgical Company (UMMC), which has controlling stakes in more than 40 plants in 11 regions of Russia.
- In 2022 UMMC press office reported that Makhmudov was no longer the controlling beneficiary of the company and left the board of directors. Forbes still counts the shares as his.
- Makhmudov is also a non-controlling shareholder in Transmashholding, Russia's largest maker of locomotives and rail equipment.
- UMMC spent $100 million building the Shayba ice arena for the 2014 Sochi Olympics, which it gave to the Russian government after the games.
- His business partner Andrei Bokarev, who holds stakes in several of the same companies as Makhmudov, is also a billionaire.
- From 1984 to 1988, he worked as an interpreter for a group of Soviet military advisers in Libya and Iraq.
- His son Dzhakhangir, who previously worked for Goldman Sachs and Morgan Stanley, is UMMC's Chief Transformation Officer.
Financial assets
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