Igor Makarov Net Worth

Igor Makarov Net Worth

What is Igor Makarov’s Net Worth?

Igor Makarov, a Russian businessman, has an estimated net worth of $2.1 billion. As the founder and owner of ITERA (International Group of Companies), which was Russia’s primary exporter of gas from Turkmenistan in the late 1990s, Makarov has achieved significant success in the energy industry.

Highlights

– Net Worth: $2.1 billion
– Birthdate: 1962
– Birthplace: Ashgabat, Turkmenistan
– Gender: Male
– Profession: Businessman
– Nationality: Russian

Early Life

Igor Viktorovich Makarov was born in Ashgabat, Turkmenistan in 1962. He obtained his Bachelor’s degree from Turkmen State University in 1983 and then served in the Soviet Army. After his military service, Makarov worked as a professor at Kazan State University from 1986 to 1989, before transitioning to the private sector from 1989 to 1992.

Career

In 1992, Makarov founded ITERA, a company primarily involved in natural gas exploration and processing across Russia, the CIS countries, and Turkmenistan. Over time, ITERA expanded its operations into other sectors of the energy industry, including oil extraction, pipeline transportation, coal mining, civil and industrial engineering, as well as finance and insurance.

One notable milestone in Makarov’s career was the establishment of a joint venture between ITERA and the oil company Rosneft in 2012. At the time, Rosneft estimated ITERA’s business to have a net worth of approximately $3 billion. Makarov’s strategic business decisions and leveraging of gas-rich Turkmenistan, along with his connections to high-ranking officials at the Russian gas monopoly Gazprom, enabled him to gain ownership of significant gas fields.

However, in 2001, when Vladimir Putin replaced leading officials at Gazprom, Itera faced a near-collapse. Nonetheless, Makarov managed to salvage the company by transferring some of its assets to Gazprom. Through ITERA, he also holds shares in the Dinamo Riga team in the professional hockey league in Russia. Furthermore, aside from his successful business ventures, Makarov has demonstrated a passion for cycling and was a former member of the Russian cycling team. Presently, he serves as the President of the Russian Cycling Federation.

Personal Life

Information regarding Igor Makarov’s personal life, such as his height and specific details about his family, is not readily available.

Net Worth Over Time

As of the latest estimates, Igor Makarov’s net worth stands at $2.1 billion. However, it is important to note that net worth figures can fluctuate over time due to various factors, including changes in asset values, business ventures, and market conditions.

Components of Net Worth

Igor Makarov’s net worth is primarily attributed to his ownership and successful management of ITERA, which has encompassed a diverse range of activities within the energy industry. The company’s involvement in natural gas exploration, oil extraction, pipeline transportation, coal mining, civil and industrial engineering, as well as investments in finance and insurance, have contributed significantly to Makarov’s wealth accumulation.

In addition to his business activities, Makarov’s ownership of shares in the Dinamo Riga hockey team also adds to his overall net worth.

In conclusion, Igor Makarov, with a net worth of $2.1 billion, has established himself as a prominent figure in the Russian business world. Through the success of ITERA and his strategic decisions in the energy industry, Makarov has secured significant wealth. Despite facing challenges along the way, he has managed to navigate through difficult times and maintain a strong presence in the market. Furthermore, his passion for cycling and position as President of the Russian Cycling Federation showcases his diverse interests and involvement in sports.

Please note that all net worth figures are estimates based on available information and are subject to change.

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