Iskander Makhmudov Net Worth is$9 Billion
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Profession: Businessperson
Date of Birth: 1963
Country: Bukhara
Iskander Makhmudov Net Worth: Iskander Makhmudov is an Uzbek businessman who has a net worth of $9 billion. Mr. Makhmudov generated the majority of his wealth as a founder and the main owner of Uralskaya Gorno-Metallurgicheskaya Kompaniya (UGMK) Holding. It's the fourth largest non-ferrous metallurgical company and the second largest copper producer by output in Russia. Born Iskander Kahramonovich Makhmudov on December 5, 1963 in Bukhara, Uzbek SSR, he earned a degree in Oriental studies from Tashkent State University, while also becoming a translator by educational background. Upon graduation, Makhmudov put his Arabic-language skills to use working in various Soviet military organizations based in Libya and Iraq. Makhmudov landed his first position in business with the Trans-World Group, the largest metal trader in Russia at the time. He went on to hold several other business positions until he eventually founded UGMK also known as Ural Mining and Metallurgical Company (UMMC) in 1999. Whereas the main source of his wealth comes from his own company, Makhmudov also makes profits from his stake in Transmashholding, the largest maker of locomotives and retail equipment in Russia. Furthermore, Makhmudov established a partnership with state-owned Russian Railways and the French machine-building giant Alstom. As he became more and more eminent profile in the business circles, Makhmudov has also increased his involvement in social, civic and philanthropic causes, having donated more than $1 billion since 2001.
Iskander Makhmudov (born 1963) is an Uzbek businessman based in Russia. He was born to an ethnic Uzbek Muslim family. Mr. Makhmudov has been referred by Yekaterinburg News as "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. One profile describes him as, "By choice he is not well-known yet he is one of the Russia???s wealthiest citizens."


Mr. Makhmudov graduated from Tashkent University with a degree in Oriental Studies. He is also a translator by educational background.
He worked for various Soviet military organizations in Libya and Iraq. His first position in business was with the Trans-World Group, which was at that time the largest metal trader in Russia.
He has worked in several other business positions:
In 1999, he created UMMC.
Now Makhmudov is the main owner of Uralskaya Gorno-Metallurgicheskaya Kompaniya (UGMK) Holding. This is the fourth largest non-ferrous metallurgical company in Russia, Russia's second-largest copper producer in terms of output. With his partner Makhmudov also acquired a 50% stake in Izdatelskiy Dom Rodionova (Rodionov Publishing House), which publishes the Russian version of BusinessWeek.
According to Forbes Magazine, Iskander Makhmudov is the 15th richest businessman in Russia and the 86th richest businessman in the world. According to RussianCapitalists.com, Makhmudov estimated worth in 2012 is $11.9 billion.
As of December 1, 2012, Mr. Makhmudov has the following Forbes rankings:
Mr. Makhmudov owns an ice arena in the city of Sochi, Russia, which will host the 2014 Winter Olympics. It was reported in February 2013 that he will give the arena to the Russian government, free of charge, for use in the Olympics.
Mr. Makhmudov has given over one billion dollars to charitable causes over the past decade, including medical clinics, housing programs, orphanages, and programs for war veter

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Iskander Makhmudov Latest News

The Russian government is giving up control of Kalashnikov

LONDON (CNNMoney) — The Russian government is giving up control of Kalashnikov. The iconic firearms maker ... works that would see two other investors in Transkomplektholding -- Iskander Makhmudov and Andrei Bokarev -- sell their stakes.
Posted: November 13, 2017, 4:00 pm

Diana Taurasi's Russian Team Is Paying Her To Skip The WNBA Season

It is owned by Iskander Makhmudov, whose fortune is estimated at $5.3 billion. If more players start taking bonuses to skip the season, the WNBA will have a real problem on its hands. The league and players agreed to a new collective bargaining agreement ...
Posted: February 3, 2015, 2:45 pm

Russian Train Maker Wins $2.6 Billion Moscow Metro Tender After Foreign Firms Back Out

Russia's state rail company, Russian Railways, owns a 25 percent stake in Transmashholding. France's Alstom also owns 25 percent, and businessmen Iskander Makhmudov and Andrei Bokaryov hold a controlling stake of 50 percent plus one share.
Posted: November 28, 2014, 9:52 am
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