Mikhail Fridman

Net worth over time

Biography

• Mikhail Fridman, cofounder of Alfa Bank, Russia's largest non-state bank, was hit with sanctions after Russia invaded Ukraine.
• Soon after, Fridman (who also has Israeli citizenship) stepped down from his Luxembourg holding company, LetterOne, and reduced his shareholding.
• Fridman's properties in London, including the $100 million Victorian-era Athlone House estate, have been frozen by the U.K.
• A Ukraine native, Fridman and his college buddies German Khan and Alexei Kuzmichev started commodities trader Alfa-Eco in 1989.
• Thanks to Kremlin connections, Fridman and his partners were able to create a joint venture with British Petroleum, TNK-BP, in 2003.
• In 2013 he got $5.1 billion in cash when the trio and partners sold their TNK-BP stakes for $14 billion
• In August 2023, Ukraine opened a criminal case against Fridman related to fraud charges stemming from Alfa Bank Ukraine. In December he was put on the international wanted list.
• Fridman filed defamation lawsuits against Buzzfeed and Fusion for reporting that his Alfa Group had a role in Russia's meddling in the U.S. presidential election.
• Fridman lived in Western Ukraine until he was 17. Both of his parents are Ukrainian citizens, who live in Lviv, which he called his "favorite city."

Financial assets