A billionaire businessman, oligarch, and Ukrainian-born Russian-Israeli, Mikhail Fridman was born on April 21, 1964. The ancestry of Fridman is Jewish. He helped build the international Russian business Alfa-Group. He was the seventh-richest Russian as of 2017, according to Forbes. (Relocated to position 11 in 2020.)
He was also named by IntelliNews in May 2017 as Russia’s most significant businessperson. He co-founded Alfa-Bank, one of Russia’s biggest private banks, in 1991. After nine years as the CEO of TNK-BP, the 50/50 joint venture, he sold his shares in the business in 2013 and co-founded the global investment firm LetterOne (L1). Currently serving as Alfa Group Consortium’s chairman of the supervisory board, Fridman is also a member of the boards of Alfa-Bank and ABH Holdings.
Mikhail Fridman Bio/Wiki
| Birth Name | Mikhail Maratovich Fridman |
| Nick Name | Mikhail Fridman |
| Age | 59 years (as in 2023) |
| Religion | Jewish |
| Sun Sign/Zodiac Sign | Taurus |
| Birth Place | Lviv, Ukrainian SSR, Soviet Union |
| Date of Birth | 21 April 1964 |
| Nationality | Russia · Israel |
| Hobbies | Watch Tennis |
Family |
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| Mother's Name | Evgenia Rothstein |
| Father's Name | Marat Fridman |
| Brother | None |
| Sister | Katya (Ekaterina) and Lora (Larisa) |
Girlfriends/Affairs |
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| Affairs/Girlfriends | NA |
Marital Status, Wife and Children |
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| Wife/Spouse |  |
| Children | larisa fridman and katerina fridman |
Education |
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| School | National University of Science and Technology MISiS |
| College/University | Moscow Institute of Steel and Alloys |
| Profession | Co-founder of LetterOne, Alfa Group, and Alfa-Bank |
Height, Weight, and Figure Measurements |
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| Height (Approx.) | 165 cm (as in 2022) |
| Weight (Approx.) | 63 kgs (as in 2022) |
Extra Ordinary Features |
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| Race / Ethnicity | Jewish |
| Hair Color | Dark Brown |
| Eye Color | Brown |
| S*xual Orientation | Straight |
Favourite Things |
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| Favourite Food | NA |
| Favourite Book | NA |
| Favourite Colors | White |
| Favourite Sport | Tennis |
| Controversies | None |
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Mikhail Fridman Early Life
In the USSR’s Lviv, Ukraine, where he was born in 1964, Fridman spent his formative years. He serves on the boards of directors for both X5 Retail Group and VEON (previously Vimpelcom). He serves on the supervisory board of LetterOne-owned DEA Deutsche Erdoel AG.
Fridman has held memberships in a number of organisations with a focus on the general public, including the Council on Foreign Relations, the Public Chamber of Russia, and the Russian Union of Industrialists and Entrepreneurs. The EU placed sanctions on Fridman in 2022 following the Russian invasion of Ukraine.
Fridman claimed that the EU’s accusations were baseless and slanderous. After that, in order for LetterOne to avoid punishment, Fridman was forced to resign from the company’s board and stop doing business with it.
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Mikhail Fridman Education
In 1980, he earned his high school diploma in Lviv. He attended the Moscow Institute of Steel and Alloys instead after being turned down for admission to Moscow’s top science school because he was Jewish.
While attending college in Moscow, he worked a variety of jobs, including washing windows and starting and co-owning a student nightclub called Strawberry Fields.
He also oversaw a group of students who would line up for tickets to well-known performances in Moscow and then exchange them for valuable items and favours. He earned a distinction after completing his studies in metallurgical engineering in 1986 at the Moscow Institute of Steel and Alloys.
Mikhail Fridman Business Activities
Fridman created the Alfa Group Consortium with German Khan, Alexei Kuzmichov, and a number of other investors. This investment group currently holds Alfa Bank (launched in 1991), Alfa Capital Management, Rosvodokanal Group, AlfaStrakhovanie Group, and A1 Group.
A number of telecom firms, including Vimpelcom Ltd., MegaFon, and Turkcell, as well as the largest retailer by sales in Russia, X5 Retail Group, and the oil and gas company TNK-BP, are included in Alfa Group’s portfolio.
Fridman is the chairman of the supervisory board of the Alfa Group Consortium, the chairman of the board of directors of TNK-BP, a member of the boards of directors of ABH Holdings S.A. (the holding company for the Alfa-Banking Group), VimpelCom Ltd., and X5 Retail Group N.V., and the chairman of the board of directors of TNK-BP.
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Mikhail Fridman Family
For many years, Fridman resided in Moscow but frequently travelled to cities in Europe, including London, Paris, Amsterdam, and Hamburg. He relocated to London in 2015, and by 2016, he had bought Athlone House to serve as his principal abode. He has four kids and is divorced.
He declared in 2016 that he will leave his wealth to charity in his will. Two daughters, Katya (Ekaterina) and Lora (Larisa) (Russian: aт и ора), were born to him and his first wife Olga. Although Olga and Mikhail were classmates at the Moscow Institute of Steel and Alloys, Olga later pursued a career in interior design by enrolling in design classes in Paris in the 1990s. She and the daughters have been residing in France as of May 2014.
He and Oksana Ozhelskaya, his second wife, have two kids as of May 2022. As of March 2017, Oksana enjoys Natalia Dubovitskaya, the spouse of Vladislav Surkov, and frequently attends events at the couple’s Swan Lake dacha, which they have owned since 2004 and is situated along the Likova River in the gated community of Gribovo, which is inside the Small Moscow Ring road between Borodki and the Belarus highway.
Professional Career
From 1986 until 1988, Fridman worked as a metallurgical design engineer in Elektrostal Metallurgical Works, a state-run manufacturer of electrical machinery. With friends from college, Fridman founded a window-washing business, an apartment rental agency for foreigners, a business that sold used computers, and a business that imported cigarettes and perfumes in 1988 as Russian politician Mikhail Gorbachev started to open the economy in the late 1980s.
These businesses hired students from various Moscow universities. Russian-speaking Robert Yengibaryan, an Armenian, gave Fridman a lot of support. Later, when Vahe Yengebaryan became the Russian consul in New York in 2003, he developed a close relationship with Fridman’s economic interests.
In a Spanish court in October 2019, Fridman claimed to be Vahe Yengibaryan’s buddy. German Khan, Alexey Kuzmichev, and Fridman formed Alfa-Photo (sometimes spelled Alfa-Foto), which imported photographic chemicals, in 1988. The three partners established Alfa-Eco (Alfa-Echo, Alfa-Eko, Alfa-Ekho), a company that traded commodities and subsequently oil, as well as Alfa Capital (Alfa Kapital), a company that made investments, in 1989.
Alfa Group Consortium evolved from Alfa Capital. One of Russia’s largest privately owned financial-industrial conglomerates, the company began by concentrating on computer trading and copier maintenance before expanding into imports, exports, and commodities trading.
It now has interests in a variety of sectors, including telecommunications, banking, retail, and oil. In order to cover the necessary amount, Fridman used $100,000 of his business’ profits to co-found Alfa-Bank in January 1991. The business evolved to become one of Russia’s biggest private banks. The Perekrestok chain of supermarkets—also spelled Perekriostok—was established in Moscow in 1995 by Fridman’s Alfa Group.
The X5 Retail Group was established in 2006 by Alfa Group through a merger with the Pyaterochka supermarket chain, which was established in St. Petersburg in 1999 by Alexander Girda and Andrey Rogachev. In December 2010, X5 paid $1.65 billion to purchase Kopeyka, another supermarket. The largest food retailer in Russia by sales is X5.
Golden Telecom is a sizable provider of internet and telecommunications services in Russia and the Commonwealth of Independent States. In 2001, Alfa Group purchased a 44 percent share in the company. Fridman joined the board of directors of Vimpelcom in 2001, the same year Alfa acquired a strategic ownership stake in the significant Russian cellular provider.
Alfa Group combined its telecom investments under the moniker Alfa Telecom, which it changed to Altimo in 2005. MegaFon, Vimpelcom, Golden Telecom, and Kyivstar were among the companies it owned or had acquired. Additionally, Altimo purchased a 13.2 percent stake in Turkcell, Turkey’s biggest telecom firm, in December 2005.
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Public Activity
Fridman has served as the country’s representative on the Council on Foreign Relations’ International Advisory Board since 2005. He has been a member of the Russian Public Chamber since 2005.
He has been a vocal advocate for Jewish causes in Europe and Russia. In 1996, Fridman, who currently serves on the RJC Presidency, was one of the organisation’s founders. He significantly contributes to the initiatives of the European Jewish Fund, a nonprofit dedicated to strengthening the Jewish community in Europe and advancing tolerance and peace across the continent.
Mr. Fridman is a part of a number of public organisations, such as the National Council on Corporate Governance and the Board of Directors of the Russian Union of Industrialists and Entrepreneurs. The EU placed sanctions on Fridman in 2022 following the Russian invasion of Ukraine.
Fridman claimed that the EU’s accusations were baseless and slanderous. After that, in order for LetterOne to avoid punishment, Fridman was forced to resign from the company’s board and stop doing business with it.
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Mikhail Fridman Awards
The 2011 Forbes estimate of Fridman’s worth was $15.1 billion, ranking him 43rd globally and seventh in Russia in terms of wealth. In 2006, the World Brand Academy presented Fridman with a “For Creation of Successful Russian Brand” award.
Mr. Fridman was named Businessman of the Year for 2006 by the GQ magazine’s annual GQ Man of the Year National Award. Fridman was listed as one of the “Leaders of the New Europe 2004” by the Financial Times.
He was listed by Fortune in 2004 as one of “Europe’s Power 25.” In 2003, former US President Bill Clinton presented Mikhail Fridman with the Golden Plate Award of the International Academy of Achievement in Washington.
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Mikhail Fridman Net Worth
Russian businessman Mikhail Fridman has an $11.5 billion fortune. Mikhail Maratovich Fridman attended the Moscow Institute of Steel and Alloys after being born in Lviv, Ukraine, in 1964. In the 1980s, Fridman started scalping tickets to pay his bills, which sparked an interest in trading and investing.
In 1989, he founded the Alfa Group Consortium, and he currently serves as the company’s chairman of the supervisory board. One of the largest private investment corporations in all of Russia is what Fridman turned the company into. He was ranked as the second-richest Russian in 2014 by “Forbes.”
| Estimated Net Worth in 2023 (Approx) | $11.5 Billion |
| Estimated Net Worth in 2022 (Approx) | $15 Billion |
| Estimated Net Worth in 2021 (Approx) | $13.6 Billion |
| Estimated Net Worth in 2020 (Approx) | $12 Billion |
| Annual Salary | $2 Billion |
Assets |
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| Houses |   |
| Cars | NA |
| Yachts |  |
| Jets |  |
FAQs
How much is the net worth of Mikhail Fridman?
His current net worth (as of 2023) is $11.5 Billion.
Who is Mikhail Fridman wife?
He is married to Olga Fridman.
What is Mikhail Fridman age?
He is 59 years old as of 2023.
What is the name of the Mikhail Fridman firm?
He is the founder of Alfa-Group.
