Mikhail Fridman Net Worth, Achievements & Personal Life

Mikhail Fridman Net Worth  $15 Billion

This is the success story of the Russian business tycoon Mikhail Fridman, who holds Israeli citizenship and is noted for being one of the founders of the MNC Russian Conglomerate and Alfa Group.

Of recent, he was named the sixth-richest person in Russia by Forbes magazine. He is also considered to be one of the most influential and successful Russian businessmen alive.

Mikhail Fridman started his career as a full-fledged entrepreneur in the year 1988 when he established the Alfa Group Consortium, which he currently heads as the chairman of the supervisory board.

Due to his efforts and business intelligence, the company, as of today, is listed as Russia leading privately owned investment group.

Early Life: Childhood, Education

Fridman was born in 1 Lviv, Ukraine, USSR, in the year 1964. He spent his youth in Lviv and completed his high school studies in 1980.

When he was denied entrance to the top physics college in Moscow because of his Jewish heritage, he attended the Moscow Institute of Steel and Alloys instead.

Life in college wasn’t easy for him but he managed to cope with studying and doing a number of jobs in Moscow as a college student, including washing windows and running a student discothèque named Strawberry Fields.

Having studied metallurgical engineering at the Moscow Institute of Steel and Alloys, he graduated with distinction in 1986.

Professional Life: Business Career

Chairman Fridman was always a smart businessman from the onset and was aware of the many potentials that lay in Russia’s oil and gas sector.

Along with his friends and business partners, German Khan and Alexei, he established the Alfa Consortium which today has stakes in many oil and gas and telecom companies in Russia.

The investment group also holds big stocks in a number of the biggest players in the business field and is valued as one of the most prosperous companies across the globe.

Mikhail Fridman’s widespread business endeavors, along with his vibrant personality, have helped him become one of the most respected and well-known businessmen in his country.

Along with his identity in business, he is also known for his social public image and is often seen at many public functions and events. He is also a respected member of many recognized trusts and boards around the country.

He is a member of the public chamber of Russia, and also a member of the international advisory board of the council of foreign relations.

Another thing for which he is well known and respected is his vocal contributions to the rights and powers of Jews in the nation.

He actively supports many Jewish initiatives in Russia and around the world. He is one of those that founded the Russian Jewish Congress.

Furthermore, he also occupies a position on the Board of Directors of the Russian Union of Entrepreneurs & Industrialists. A smart businessman, Mikhail Fridman remains an inspirational figure to the next generation of Russian entrepreneurs.

Achievements: Awards & Honors

In 2003, Mr. Fridman received a Golden Plate Award presented by former United States President Bill Clinton. Three years later, he was recognized and honored with a GQ Man of the Year National Award for his remarkable efforts toward philanthropy.

Forbes Russia named him the Russian Businessman of the Year in 2012 and 2017. BusinessWeek once listed him as one of “The Stars of Europe: 25 Leaders at the forefront of change”.

Lastly, the Financial Times listed him as one of the 25 business executives selected as the “Leaders of the New Europe”.

Mikhail Fridman Net Worth: Salary, Income Sources, Assets

We can confirm that Mikhail Fridman has a net worth of 15 billion dollars. He is one of the wealthiest people of Russian origin, and he has earned his massive fortune from a number of business activities tied to his company Alfa Group Consortium, which he founded in the year 1989 and has built into one of the biggest private investment companies in all of Russia.

The details of Mikhail Fridman’s net worth are quite sketchy and the full extent of his empire is yet to be assessed due to the quiet nature of his lifestyle and businesses.

He is the largest shareholder of Alfa Group which he founded and oversees with two other partners. In the year 2013, Mr. Fridman sold his stake in the TNK-BP International oil company for $5.1 billion after pocketing $38 billion in dividends since 2004.

He also controls 32.9 percent of Alfa Bank, as well as German RWE’s Dea unit which he and his partner purchased for $5.8 billion. Furthermore, he also owns stakes in multiple other businesses, including Uber Technologies.