Iskander Makhmudov Net Worth

Iskander Makhmudov is a Russian businessman born in Moscow in 1963. He is the main owner of copper producer Urals Mining and Metals Company (UMMC) and a shareholder in Transmashholding, Russia's largest maker of locomotives and rail equipment. He was born in Bukhara, Uzbekistan and graduated from a local university with a degree in oriental studies. In 2009, Spanish authorities named him in a money laundering case, which was sent to the Russian attorney general's office for further investigation. The case, which also implicates billionaire Oleg Deripaska, is still under investigation, but no findings have been announced.
Iskander Makhmudov is a member of Metals & Mining

Age, Biography and Wiki

Birth Day December 05, 1963
Birth Place Moscow, Russia, Russia
Iskander Makhmudov age 59 YEARS OLD
Birth Sign Capricorn
Native name Искандар (Искандер) Кахрамонович Махмудов
Citizenship Russian
Education Degree, Oriental Studies
Alma mater Tashkent University
Occupation Founder/Owner of Ural Mining and Metallurgical Company
Organization Rusfonda
Board member of Transmashholding

💰 Net worth: $7.3 Billion (2024)

Iskander Makhmudov, a prominent figure in the metals and mining industry in Russia, is expected to have a net worth of $7.3 billion by 2024. With his vast business empire, Makhmudov has amassed significant wealth in the sector over the years. As the founder and owner of Ural Mining and Metallurgical Company (UMMC), he has played a pivotal role in the development and growth of the Russian mining industry. Makhmudov's expertise and strategic investments have contributed to his immense success and cemented his position as one of the wealthiest individuals in the country's business landscape.

2009 $3.3 Billion
2010 $8.5 Billion
2011 $9.9 Billion
2012 $8.2 Billion
2013 $8.7 Billion
2014 $6.1 Billion
2015 $3.5 Billion
2016 $4 Billion
2017 $6.5 Billion
2018 $7.63 Billion

Some Iskander Makhmudov images



In 1986, the U.S. military ran an operation called El Dorado Canyon in Tripoli, Libya. U.S. forces dropped 60 tons of bombs and missiles on Libya's military facilities. During the bombing campaign, a number of Soviet government specialists were stationed in Tripoli. They were woken up by the noise of the bombing campaign, and went out to their hotel balconies to watch. Makhmudov was one of these men. At that time, his job was to servea as an Arabic-Persian translator.


In August 2011, the first Wendy's restaurant opened in Russia. The Wenrus Restaurant Group operates the Wendy’s chain in Russia.


In July 2012, Metal Mining Wire reported that UMMC had planned to build and run a new steel mill in the Tyumen region of Russia. The mill would cost $675 million. According to the article, UMMC expects the new mill to produce 540,000 metric tons of steel per year.


According to Russia & CIS Business & Financial Daily, Makhmudov will budget approximately 60 billion rubles in 2013 for Investments. "We're signing contracts for next year, and have started budgeting. The average copper prices will be around $8,000 a tonne in 2012. We're hoping it stays at that level next year. We're also planning the same investment program as this year - 60 billion rubles," said his Business partner.


In June 2014, Makhmudov closed a deal with Hyatt Hotels to build a luxury apartment hotel in Yekaterinburg, Russia. Makhmudov and his Business partner Andrei Kozitsyn met with the two head executives from Hyatt Hotels in Yekaterinburg to discuss the project. According to Russian news sources, Ural Mining and Metallurgical Company (UMMC) and Hyatt Hotels Corporation have already agreed to build the hotel. A subsidiary of UMMC is currently constructing a building called the Iset Tower. If the UMMC-Hyatt deal is finalized, Hyatt will use the top six floors of the Iset Tower for the luxury apartments.


According to SKRIN Market & Corporate News, Makhmudov planned to direct his company to develop a new regional jet by 2015. The aircraft was to be manufactured in a Czech Republic-based plant. All tests were planned to be completed in 2013.


The Wenrus Restaurant Group is an affiliate of Food Service Capital. Food Service Capital’s businesses include: