Mr. Makhmudov graduated from Tashkent University with a degree in Oriental Studies.
He worked for various Soviet military organizations in Libya and Iraq. His first position in business was with the 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. 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.
According to Forbes Magazine, Iskander Makhmudov is the 15th richest businessman in Russia and the 86th richest businessman in the world.
Read more about this topic: Iskander Makhmudov
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