Makhmudov Iskandar Kakhramonovich

Makhmudov Iskandar Kakhramonovich

Biography

Iskandar was born on December 5, 1963 in the city of Bukhara.

In 1984 he was educated at Tashkent State University (National University of Uzbekistan). He speaks Uzbek, Russian, Arabic and English.

From 1984 to 1986 he worked as a translator for a group of Soviet military advisers and specialists who worked in the Main Engineering Directorate of Libya (the Libyan analogue of the Soviet Rosvooruzheniya). He worked in the structure of the Ministry of Foreign Economic Relations of the USSR.

From 1986 to 1988 he was a translator of a group of Soviet military advisers in the Office of Construction of Military Facilities of the Iraqi General Staff.

From 1988 to 1990, he worked in middle management positions at the State Joint Stock Company "Uzbintorg" in Tashkent.

From 1991 to 1994 he worked as Deputy Marketing Director of Alice JSC.

From 1994 to 1996 he worked as director of AOZT Industrial and Financial Company Meta Service.

1996: General Director of Gaysky Mining and Processing Plant

In 1996, he became General Director of the Gaysky Mining and Processing Plant.

In 1999, together with partners, he created the Ural Mining and Metallurgical Company.

1999: General Director of UMMC

In 1999 he was the General Director of UMMC

Since 1999, he took the post of president of the UMMC.

As of April 23, 2018, Iskandar Kakhramonovich Makhmudov works as president of the UMMC.

2022: Consolidation of 100% of the National Agricultural Company

On November 8, 2022, it became known that billionaire Iskandar Makhmudov, through Violan LLC controlled by him, consolidated 100% of the National Agricultural Company (NSC). The corresponding entry appeared in the Unified State Register of Legal Entities. Read more here.

2024

Purchase of Don Agro crop holding assets

A group of structures associated with the co-founder of the Ural Mining and Metallurgical Company (UMMC) Iskandar Makhmudov acquired the assets of the Don Agro crop holding from its former owner, ex-deputy of the State Duma Yevgeny Tugolukov. This became known on August 8, 2024. The estimated amount of the transaction amounted to ₽7 -8 billion. Read more here

Creation of a large agricultural holding with assets worth ₽50 billion

On November 1, 2024, it became known that the former president of UMMC Iskander Makhmudov completed the formation of the vertically integrated agricultural holding Prostory. The total value of the assets of the new agricultural association is estimated at ₽50 billion, and the area of ​ ​ arable land has reached 450 thousand hectares. Read more here.

Family

Married.

• Wife Margarita Makhmudova.
• Son Jongir Makhmudov.

Interesting facts

One of UMMC's subsidiaries is engaged in commercial launches of space satellites.

Iskandar Makhmudov is a Russian entrepreneur of Uzbek origin, founder and president of the Ural Mining and Metallurgical Company (UMMC) since 1999.

Aktivs

In the late 2000s, the media wrote about UMMC as a holding that combined the assets of about 30 enterprises located in ten regions of Russia and controlled the production of about 40% of Russian cathode copper, a quarter of the domestic market for non-ferrous metals, as well as more than half of the European market for copper powders^[1].

State

It ranks 12th in the ranking of the Russian-language version of Forbes "The Richest Businessmen of Russia - 2011"^[2]. Iskander Makhmudov's fortune is estimated at $9.9 billion.

In 2017, he occupied 19th place in the list of the richest businessmen in Russia with $6.5 billion.

According to the Forbes rating ^[3], in the 2018 rating Iskandar Makhmudov occupies 16 positions with a fortune of $7.3 billion.

Notes