UMMC owner Iskander Makhmudov goes down in Forbes rating

April 17, 2015. Owner of Ural Mining & Metallurgical Company Iskander Makhmudov lost $2.6bn in the course of one year, states Forbes annual rating of Russia’s 200 richest businesspeople.

The UMMC owner went down by six positions in the rating and is now in the 29th place. UMMC Trading House DG Eduard Chukhlebov, with $400bn of yearly income, was in the last place.

At the same time, Russian Copper Company BOD Chairman Igor Altushkin, with his $1.6bn-income, went up by seven positions in the rating.

Viktor Vekselberg, BOD Chairman of Renova Group (Koltsovo Airport shareholder) was among Russia’s five richest people. He is estimated to be worth $14.2bn.

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