Iskander Makhmudov Net Worth (2025)
Businessman, Industrialist

Net Worth
Wealth Tier: Billionaire
Net worth between $1 billion and $10 billion
Annual Income
$250 million per year (dividends and investments)
Net Worth Timeline
2022: $8,400,000,000, 2023: $9,200,000,000, 2024: $9,600,000,000
Iskander Makhmudov's Biography
Iskander Makhmudov is a prominent Russian billionaire industrialist and entrepreneur, best known as the owner and president of Ural Mining and Metallurgical Company (UMMC), one of Russia’s largest producers of copper, zinc, and other non-ferrous metals. Born on December 5, 1963, in Bukhara, Uzbekistan (then part of the Soviet Union), Makhmudov graduated from Tashkent State University before embarking on a career that would see him become one of Russia's most influential business figures. He started in the global arms trade before moving into the mining and metallurgy sectors following the collapse of the Soviet Union. Makhmudov’s first major business breakthrough came with the co-founding of UMMC in the late 1990s, leveraging privatization opportunities to build a mining empire. Over the years, Iskander Makhmudov has expanded his business interests to include Kuzbassrazrezugol, a top Russian coal company, and significant stakes in transportation companies such as Aeroexpress and Transmashholding. His estimated annual salary is around $250 million, primarily from dividends and investments. Makhmudov is known for his low profile, rarely giving interviews or appearing in public, and is reputed for his strategic acumen in both business and industrial innovation. Despite being linked in some media reports to organized crime, which he has strongly denied, he remains one of Russia's most respected and successful entrepreneurs. As of 2024, his net worth is estimated at $9.6 billion. Makhmudov is also a philanthropist with interests in art collecting and yachting. He has received the Order of Honour in Russia for his contributions to the country's economic development. His business empire and discreet lifestyle make him a unique figure among Russia's elite, and his story continues to inspire aspiring entrepreneurs worldwide.
Wealth in Perspective
Fun Fact
Iskander Makhmudov reportedly prefers to keep a low profile despite his immense wealth.
Full Name
Iskander Kakhramonovich Makhmudov
Nickname
Iskander Makhmudov
Nationality
Russian
Birthday
December 05, 1963
Age
61
Zodiac Sign
Sagittarius
Height
176 cm cm
Weight
82 kg kg
Marital Status
Married
Spouse
Unknown
Children
1
Education
Tashkent State University
Famous For
Owner and President of Ural Mining and Metallurgical Company (UMMC)
First Big Break
Co-founding Ural Mining and Metallurgical Company in the late 1990s
Social Media
None publicly known
Businesses Owned
Ural Mining and Metallurgical Company, Kuzbassrazrezugol, Aeroexpress, Transmashholding
Awards
Order of Honour (Russia)
Category
Business
Controversies
Allegations of business ties with organized crime; denied by Makhmudov
Hobbies
Collecting art, yachting
Interests
Industrial innovation, philanthropy, mining technology
Quote
Success in business is achieved by those who can see opportunities where others see obstacles.