Mikhail Fridman is a Ukrainian-Russian self-made business man. In 2014, Forbes assessed his wealth at $15.6 billion, making him the 2nd richest person in Russia. Fridman founded an investment group called Alfa Group Consortium in 1989 with business partners German Khan and Alexey Kuzmichov. Since its creation, Alfa Group Consortium controls Alfa-Bank (opened in 1991), Alfa Capital Management, Rosvodokanal Group, AlfaStrakhovanie Group and A1 Group. Alfa Group’s portfolio includes stakes in oil and gas company TNK-BP, retailer X5 Retail Group, and several telecom companies: VimpelCom Ltd.. and Turkcell.
Along with serving as Chairman of the Supervisory Board for the Alfa Group Consortium, Fridman has earned his spot on the Forbes List of Billionaires through his roles on the Board of Directors for oil and gas company, TNK-BP, as well as ABH Holdings S.A., VimpelCom Ltd. and X5 Retail Group N.V. Since 2005, the billionaire has functioned as a member of the Public Chamber of Russia and one of Russia’s representatives on the International Advisory Board of the Council of Foreign Relations.
Fridman helped found the Russian Jewish Congress in 1996. As a part of his commitment to Jewish initiatives in Russia, he has made large contributions to the European Jewish Fund to support the non-profit’s dedication to tolerance and reconciliation on the continent. Additionally, Fridman is a sponsor for Russia’s national literary award, “Big Book,” as well as serving as a board member for a literature center that promotes respect and preservation of Russian culture through creative writing.
Fridman holds a Bachelor of Arts and Science from the Moscow Institute of Steel and Alloys, has two children, and resides in Russia.