Iskander Makhmudov

Iskander K. Makhmudov
Native name	Искандар (Искандер) Кахрамонович Махмудов
Born	(1963-12-05) December 5, 1963 (age 53) Bukhara, Uzbek SSR
Citizenship	Russian
Education	Degree, Oriental Studies
Alma mater	Tashkent University
Occupation	Founder/Owner of Ural Mining and Metallurgical Company
Organization	Rusfonda
Net worth	US$ 6.5 billion (2013)
Board member of	Transmashholding

Timeline

December 5, 1963 Iskander Makhmudov is born in Bukhara, Uzbekistan 1999 Creates Ural Mining and Metallurgical Company (UMMC), the second largest copper producer in Russia. 2001 Acquires a controlling stake in the Kachkanar iron ore smelter, "a formerly productive enterprise that had languished under Soviet management and almost ceased production in 1997." 2004 Establishes a housing program for UMMC employees. 2011 Brings the first Wendy’s restaurant to Russia. 2011 Lauded for charitable giving, which provides free health care to children of his employees, disabled children and orphans. 2012 Net worth estimated at $11.9 billion by Forbes magazine. 2014 Helps build the ice arena, which he later gives to the Russian people for free, for the 2014 Winter Olympics in Sochi, Russia.

Iskander Makhmudov is an Uzbek-born Russian businessman and philanthropist. Yekaterinburg News called him "One of Russia’s most prominent and civically involved industrialists" who has contributed more than $1 billion to social, civic and philanthropic causes since 2001, adding “During the period of Russian rebuilding and economic liberalization, or perestroika, Makhmudov helped lead the country’s transition into a free market, capitalist, wealth- and prosperity-producing economy.”

According to Forbes Magazine, Iskander Makhmudov is the 22nd wealthiest person in Russia. Forbes reported his net worth at $6.5 billion as of June 22, 2014.

Makhmudov, as chief executive of UMMC, serves as an industry model of corporate social responsibility. UMMC has contributed approximately one billion dollars to a range of established social and charitable programs, providing services in nineteen towns.

Makhmudov has given over one billion dollars to charitable causes over the past decade, including medical clinics, housing programs, orphanages, and programs for war veterans. According to Yekaterinburg News: “As of 2011, those clinics expanded their operations to serve free of charge not only the children of UMMC employees, but also disabled children, orphans and children from disadvantaged families in the community.”

Russian people

polyclinics

Makhmudov, along with one of the companies he owns (Transmashholding), are part owners of the Skolkovo Foundation. Makhmudov takes an active role in the Foundation's leadership.

Makhmudov, through the Foundation, operates a business area near Moscow to help Russian startup companies develop and market their companies. In June 2014, the Foundation hosted a competition, called "2014 Startup Village", for startup companies in Moscow. The competition awarded investment money to 21 companies. Around 750 companies entered the competition. The Foundation said that the startup competition is the largest of its kind in the world. Makhmudov created a fund of money through the foundation, called the Skolkovo Fund. In May 2014, the Fund hosted an international meeting of biomedical research scientists in Russia. According to Yekaterinburg News, the event was the "first-ever international biomedical conference."