Iskander Makhmudov net worth

Net Worth

Net Worth: $9.6 billion Billionaire
$9.6 billion
$1B $3.25B $5.5B $7.75B $10B

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.

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