Iskander Kakhramonovich Makhmudov ( ; born 5 December 1963) is an Uzbek-born Russian businessman.
According to Bloomberg Billionaires Index, Makhmudov's net worth was estimated at US$9.41 billion as of 25 May 2021.
Career history
He worked for various Soviet military organizations in Libya including Principal Engineering Directorate and in Iraq including a Soviet department, which was engaged in construction works.
Attorneys for business - Alexander Dobrovinsky () who also had as clients Alimzhan Tokhtakhunov "Taiwanchik", Mikhail Cherny, Grigory Luchansky, Akezhan Kazhegeldin and for personal - Samir Kapura ()
Business interests
His first position in business was with the Cherneys and the Reuben brothers and their Trans-World Group, which was at that time the largest metal trader in Russia.
He has worked in several other business positions: 1991–1994 Deputy Marketing Director, JSC Alice 1994–1996 Director, JSC Industrial-Financial Company Meta Service. 1996 CEO, Ai (mining and processing plant)
In 1999, he created UMMC.
Now Makhmudov is the main owner of Uralskaya Gorno-Metallurgicheskaya Kompaniya (UGMK) Holding which he formed with support from his childhood friend Jalol Khaidarov (). 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.
Makhmudov's ascension to success began in 1991 when the state economy was replaced with capitalism after the fall of the USSR.
Economic Council of Russian and French Enterprises
In 2011, both Makhmudov and his business partner Bokarev replaced Gennady Timchenko as head of the Economic Council of Russian and French Enterprises.
Aeroexpress
Makhmudov owns 17.5% of Aeroexpress.
Aeroexpress provides rail transportation services between Moscow and surrounding airports (Sheremetyevo, Domodedovo, and Vnukovo).
Russian Railways JSC owns 50% of Aeroexpress. In November 2012, it was reported that Russian Railways intends to sell half of its shares (25% ownership in Aeroexpress) to TransGroup AS Ltd.
CSKA Team Ownership
"According to some [Russian] media, President of the Ural Mining and Metallurgical Company ("UMMC") Makhmudov bought a controlling stake in the football club CSKA."
International Space Services
Russia's Federal Space Agency (Roskosmos) plans to coordinate international space activities with other national space agencies, such as the European Space Agency.
Many companies within Russia already work in the foreign market space. International Space Services, which is owned by Ural Mining Company, sells Zenit-operated launches from Baikonur. Baikonur, formerly known as Leninsk, is a city in Kyzylorda Province of Kazakhstan that is rented and administered by the Russian Federation.
Let Kunovice
Russia's first deputy defense minister Aleksandr Sukhorukov, who is ranked number four in the Russian Army, recently toured the Let Kunovice Aircraft Industries plant to express interest in the updated L-410 aircraft. The Russian Army plans to use the L-410 aircraft to train pilots, who would then train on the newer, bigger aircraft called the Ilyushin Il-476.
Let Kunovice is currently negotiating a deal to delivery 8 planes to the Russian Defense Ministry in 2013. Makhmudov's Ural Mining and Metallurgical Company is the majority owner of Kunovice.
LLC Transoil
In December 2012, Makhmudov and his business partner Andrei Bokarev have purchased a 13% ownership in LLC Transoil. They purchased the shares from Gennady Timchenko, co-owner of the global commodity trading company Gunvor.
LLC Transoil is a railway operator in Russia. The company is one of the biggest railway transporters of oil and oil products in Russia.
Total sales for LLC Transoil for the first three quarters of 2012 amounted to 51.1 billion rubles.
As of 2019, Timchenko owned an 80% stake in Transoil and Bokarev and Makhmudov owned a minority stake.
Moscow Passenger Company
Makhmudov and his partner Bokarev own Moscow Passenger Company (MPC).
In 2011, MPC purchased a 25% stake in Central Suburban Passenger Company (CSPC). CSPC accounts for 56% of all suburban transportation in Russia.
In December 2012, MPC won a bid to purchase another 25% stake in CSPC. This purchase will increase MPC's equity position to 50%.
Over 500 million passengers rode trains operated by CSPC in 2011. In 2011, CSPC had 24 billion rubles in revenue and 4.7 billion rubles in profit.