Iskander Makhmudov

$9.73 B

Ranked #336 in World

About Iskander Makhmudov

Uzbek-born Russian magnate Iskander Kakhramonovich Makhmudov, with a fortune of $9.41 billion as of May 25, 2021, is a formidable player in various industries. Makhmudov founded UMMC in 1999 and now presides over Ural Mining and Metallurgical Company (UMMC) as the main owner. Makhmudov's diverse portfolio includes significant stakes in Aeroexpress, CSKA football club, Let Kunovice, and Transoil. As the head of the Economic Council of Russian and French Enterprises since 2011, he fosters binational commerce. Key business endeavors include TMH, Russia's top rolling stock producer, and the expansion of Wendy's in Russia through his Food Service Capital.

Born

December 05, 1963 in Bukhara, Uzbek SSR, USSR

Age

62 years

Source Of Wealth

Mining, Metals, Machinery

Industries

Metals & Mining

Citizenship

Russia

Residence

Moscow

Education

Master of Arts/Science, Tashkent State University

Iskander Kakhramonovich Makhmudov, a prominent Uzbek-born Russian businessman, was born into a Muslim Uzbek family. His early years and childhood were spent in a culturally rich environment that shaped his personal and professional journey.

Iskander Makhmudov: Family

Makhmudov's family background played a significant role in his upbringing. His parents instilled in him strong values and a sense of entrepreneurship. Although limited information is available about his immediate family members, their influence on his personal life and career cannot be understated.

Iskander Makhmudov: Career Highlights

Makhmudov's career trajectory is marked by notable achievements and leadership positions. He initially worked for various Soviet military organizations in Libya and Iraq, demonstrating his adaptability and global outlook. Later, he ventured into the business world, holding various positions in different companies before establishing his own ventures.

Iskander Makhmudov: Companies

Makhmudov's business interests are diverse, encompassing various industries. He held various positions in companies such as the Cherneys and the Reuben brothers' Trans-World Group, gaining valuable experience in international business. In 1999, he founded UMMC, a prominent Russian metals and mining company. Additionally, he is the main owner of Uralskaya Gorno-Metallurgicheskaya Kompaniya (UGMK) Holding, further solidifying his position in the industry.

Iskander Makhmudov: Major Achievements

Makhmudov's major achievements include his successful ventures in various sectors. He acquired a 50% stake in Izdatelskiy Dom Rodionova (Rodionov Publishing House), expanding his influence into the media industry. Furthermore, he replaced Gennady Timchenko as the head of the Economic Council of Russian and French Enterprises in 2011, demonstrating his leadership and expertise in international economic relations.

Iskander Makhmudov: Awards & Achievements

Makhmudov's contributions to the business world have been recognized through numerous awards and achievements. Although specific details about these accolades are not readily available, his success and influence in various industries have undoubtedly garnered him significant recognition.

Iskander Makhmudov: Personal Life & Legacy

Makhmudov's personal life remains relatively private. However, his contributions to society and the business world have left a lasting legacy.

As a successful entrepreneur and investor, he has made significant impacts on various industries, creating opportunities and driving economic growth.

Iskander Makhmudov: Trivia

Some interesting facts about Iskander Makhmudov include his ownership of 17.5% of Aeroexpress, which provides rail transportation services between Moscow and surrounding airports. Additionally, he reportedly bought a controlling stake in the football club CSKA, demonstrating his interest in sports and community engagement. Furthermore, his company, Ural Mining Company's International Space Services, sells Zenit-operated launches from Baikonur, contributing to the space industry.

Wealth History

Timeline

Iskander Kakhramonovich Makhmudov is an Uzbek-born Russian businessman with a net worth estimated at US$9.41 billion (as of 25 May 2021).

Makhmudov worked for various Soviet military organizations in Libya and Iraq.

His attorneys for business are Alexander Dobrovinsky and Samir Kapura.

Makhmudov's first position in business was with the Cherneys and the Reuben brothers and their Trans-World Group.

He held various positions in different companies.

1999

Makhmudov created UMMC.

He is the main owner of Uralskaya Gorno-Metallurgicheskaya Kompaniya (UGMK) Holding.

Makhmudov acquired a 50% stake in Izdatelskiy Dom Rodionova (Rodionov Publishing House).

2011

He replaced Gennady Timchenko as head of the Economic Council of Russian and French Enterprises.

Makhmudov owns 17.5% of Aeroexpress, which provides rail transportation services between Moscow and surrounding airports.

He reportedly bought a controlling stake in the football club CSKA.

Ural Mining Company's International Space Services sells Zenit-operated launches from Baikonur.

Makhmudov is the majority owner of Let Kunovice, which is negotiating a deal to deliver 8 planes to the Russian Defense Ministry.

He purchased a 13% ownership in LLC Transoil from Gennady Timchenko.

LLC Transoil is a railway operator and one of the biggest railway transporters of oil and oil products in Russia.

Makhmudov owns Moscow Passenger Company (MPC) with Andrei Bokarev.

MPC purchased a 25% stake in Central Suburban Passenger Company (CSPC) and later increased its equity position to 50%.

Makhmudov partially owns CJSC Transmashholding (TMH), Russia's largest producer of rolling stock for railways and subways.

November 2012

TMH increased its net profit by 9% and reduced long-term liabilities by 39%.

Alstom purchased a blocking stake in TMH for $422 million U.S. dollars.

Makhmudov signed a memorandum of understanding with Transmashholding for cooperation on innovative research and development.

Transmashholding purchased 75% holdings in Zheldorremmash, a subsidiary of OJSC Russian Railways.

Ural Mining and Metallurgical Company commissioned a new coal processing factory called Krasnobrodskaya-Koksovaya.

Ural Mining and Metallurgical Company planned to build and run a new steel mill in the Tyumen region of Russia.

Makhmudov owns Food Service Capital, which operates the Wendy's chain in Russia through Wenrus Restaurant Group.

He plans to develop 180 restaurants over the next 10 years in Russia.

2013

Makhmudov budgeted approximately 60 billion rubles for investments.

He planned to develop a new regional jet by 2015 to be manufactured in a Czech Republic-based plant.

Makhmudov was born to a Muslim Uzbek family.

Iskander Makhmudov : FAQs

What is Iskander Makhmudov's current net worth?

Iskander Makhmudov's current net worth is $9.73 billion.

What is Iskander Makhmudov's current global rank among billionaires?

Iskander Makhmudov holds the 336th position globally among billionaires.

What is Iskander Makhmudov's current ranking within the Russia?

Iskander Makhmudov holds the 16th position in Russia.

What was the change in Iskander Makhmudov's net worth compared to the previous year?

Iskander Makhmudov's net worth increased by 2.39 billion dollars compared to the previous year 2025, when his net worth was 7.34 billion dollars.

What are Iskander Makhmudov's main sources of wealth?

Iskander Makhmudov's main source of income comes from Mining, Metals, Machinery.

In which industry does Iskander Makhmudov primarily operate?

Iskander Makhmudov is primarily involved in the Metals & Mining industry.

What is Iskander Makhmudov educational background?

Iskander Makhmudov holds a Master of Arts/Science from Tashkent State University.

How old is Iskander Makhmudov?

Iskander Makhmudov is 62 years old.

How many children does Iskander Makhmudov have?

Iskander Makhmudov has 1 children.

What is the UMMC and who created it?

The UMMC, or Uralskaya Gorno-Metallurgicheskaya Kompaniya, is a major mining and metallurgy company in Russia, created by Iskander Makhmudov in 1999. He is the main owner of the UGMK Holding.

What role does Iskander Makhmudov play in the CSKA Football Club?

Iskander Makhmudov reportedly bought a controlling stake in the football club CSKA, although specific details of his involvement in the team's operations are not publicly disclosed.

What are some key companies and projects owned or controlled by Iskander Makhmudov?

Iskander Makhmudov owns and controls several key companies and projects, including a 17.5% stake in Aeroexpress, Moscow Passenger Company in partnership with Andrei Bokarev, majority ownership in Let Kunovice, and partial ownership in CJSC Transmashholding, Russia's largest producer of rolling stock. He has also invested in the Wendy's chain in Russia through the Food Service Capital and Wenrus Restaurant Group.

What notable changes did Transmashholding, partially owned by Iskander Makhmudov, experience in recent years?

Transmashholding, in which Iskander Makhmudov has partial ownership, saw a 9% increase in net profit and a 39% reduction in long-term liabilities in November 2012. Additionally, Alstom purchased a blocking stake in the company for $422 million U.S. dollars.