Mikhail Fridman

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Mikhail Maratovich Fridman Russian: Михаи́л Мара́тович Фри́дман; born 21 April 1964) or Mikhail Friedman is a Russian businessman. He is one of the youngest of Russian oligarchs (Roman Abramovich is younger). In 2008, Forbes assessed his wealth as $20.8 billion, placing him 20th richest in the world.

Along with Peter Aven, Fridman founded the Alfa Group Consortium, a holding company which today controls Alfa Bank (opened in 1991), Alfa Capital, Tyumen Oil and several construction material firms (cement, timber, glass) as well as food processing businesses and a supermarket chain. The two are also major holders of tea and sugar plant processors.

Fridman in 2003 sold half of his Alfa group's oil subsidiary Tyumen Oil to BP for $6.15 billion, so far the biggest foreign investment ever in a Russian company.

In 2005, he succeeded Sergei Karaganov as Russian representative on the International Advisory Board of the Council on Foreign Relations.

Since 2005 he has been a member of the Public Chamber of Russia.
Alfa Group and its telecoms subsidiary Altimo have been the subject of various actions taken by other telecoms operators, concerning disputed stakes in a range of companies.

Fridman spent his childhood in Ukrainian city of Lvov and studied at the Moscow Institute of Steel & Alloys in 1980s.
He founded Alfa Group in 1990s with college friends (and now fellow billionaires) German Khan and Alexei Kuzmichev; it's now a diverse conglomerate with oil, retail, telecom and banking interests. Strong Kremlin connections include a former subordinate who now serves as a political adviser to Putin. In 2003 he merged his oil company, TNK, with British oil giant BP, an achievement, considering that six years prior the two parties were fighting, with protesting his methods for taking over a partly BP-owned oilfield. Now focusing on telecom; his Altimo group has telecom holdings in Ukraine, Turkey, Russia and Uzbekistan. In 2007 Fridman was declared unofficial winner of a protracted and multimillion-dollar legal battle over a stake in Russia's third-largest mobile carrier, Megafon.

Mikhail Fridman

1 Comment:

  1. mekimeki said...
    Mikhail Fridman's story is somewhat the same with the founder of Google, such a great job for hitting the pot guys...

    by the way ain't Mikhail Fridman reminds you of someone like Jerry Lawler!? WHAT THE F- - -!!!

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