Mikhail Fridman: a biography of a Russian billionaire

It is no secret that a small percentage of people own most of the resources on earth. As a rule, this percentage includes big businessmen who manage huge companies and, accordingly, have a multi-billion state. However, some people formed the opinion that such a distribution of wealth is unfair, and all billionaires are just crooks and deceivers.

Mikhail Fridman

In fact, this is not always true. In order to make a fortune, you need to have incredible intelligence and diligence. It should be fully committed to their work and show the best qualities at work. However, this is not the most difficult. It is much more difficult to be able to keep a state and correctly dispose of it. An example of a man who earned multibillion-dollar capital through his own work is the Russian billionaire Mikhail Fridman.


The path of Mikhail Friedman to wealth and fame was very difficult and rich.During his life, he managed to participate in the creation of many projects and attract multimillion investments, but it is worth starting from the very beginning.

Mikhail Fridman was born in an ordinary Soviet family. In those years, all people lived almost equally and received an average income, so the boy did not grow up in the smartest conditions. However, it is worth noting that his father was an outstanding scientist and once even won the USSR State Prize.

Mikhail Fridman biography

The first institution of higher education for the future billionaire was the Moscow Institute of Steel and Alloys. Mikhail Fridman, whose biography began precisely with MISIS, studied as an engineer, but from childhood he wanted to become an entrepreneur. Subsequently, his dream came true. After graduation, Mikhail Fridman worked as a design engineer. He liked the job, but this was not enough for a young and ambitious man, so Mikhail began to engage in business.

First business

The first company that Friedman organized was the Courier cooperative. At that time, this company was engaged in window cleaning. The co-op, of course, brought some profit, but there was no particular perspective,therefore, a year later, Mikhail begins work on one of the main projects in his life. Together with M. V. Alfimov, G. B. Khan and A. V. Kuzmichyov, who later also became billionaires, Friedman organized the Alfa-Foto company. It was the first step towards the creation of one of the largest companies in Europe today, Alfa Group. However, in those days, the company Friedman was engaged only in the trade in photographic equipment.

Development of Alfa Group

In 1989, Mikhail Fridman founded the Alfa-Eco company. It was the first truly large company in the career of an entrepreneur. It was created together with the Swiss partners and was engaged in heavy materials, in particular oil and metallurgy. Alfa-Eco has become a kind of foundation for the creation of Alfa Group. This company began to bring very good profits, because Michael has ample opportunities for investment and business development.

Mikhail Maratovich Fridman

Two years later, Mikhail Fridman invested a substantial part of his funds in the development of Alfa Bank and headed its board of directors. After that, this financial institution began to develop very actively and subsequently became one of the largest in the CIS.

Mikhail Fridman now

At the moment, Mikhail Maratovich Fridman is in the top three richest people in Russia. According to Forbes magazine, his fortune exceeds $ 13 billion. In addition, he is a member of the bureau of the Russian Union of Industrialists and Entrepreneurs, and also leads several other large firms.

Michael lives in London, but very often visits Russia. The wife of Mikhail Friedman bore him two children, but now they are divorced. The entrepreneur has two citizenships: Russian and Israeli. Separately, it is worth noting the fact that in 2016, Mikhail Fridman said that he wants to spend most of his vast fortune on charity.

Michael Friedman's wife

The businessman does not attract his children to the activities of Alfa Group and is not going to do that. He is convinced that they must achieve everything themselves and build their career on personal achievements.


Mikhail Fridman, whose biography is full of various successes, is a vivid example of the fact that not all rich people are greedy villains. He went from the usual Soviet engineer to one of the richest people on the planet.It is on such people that young ambitious entrepreneurs should be equal.

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