Igor Makarov is a prominent figure in the energy sector, primarily known as the founder and former owner of ARETI International Group (formerly Itera). While details of his personal wealth are not publicly available with exact precision, inferences can be drawn from his business activities and past asset ownership.
Makarov’s financial standing is largely tied to the success and eventual sale of Itera. Initially focused on trading natural gas, Itera expanded into exploration, production, and other energy-related services, becoming a significant player in the Russian and international markets. The company’s value grew substantially under Makarov’s leadership, making him a wealthy individual. His early understanding of the emerging energy markets in the post-Soviet era was a key factor in building Itera’s initial success.
In 2013, Rosneft, the Russian state-owned oil company, acquired Itera Oil and Gas Company from ARETI. This acquisition marked a significant shift in Makarov’s business focus. While the exact financial terms of the deal were never fully disclosed, it’s widely understood that Makarov received a substantial payment, solidifying his position as a major player in the global financial landscape. The sale allowed him to diversify his investments and pursue other ventures.
Post-Itera, Makarov transitioned ARETI International Group into a holding company with interests in various sectors, including real estate, infrastructure, and sports. Details about ARETI’s specific holdings and financial performance are scarce as the company operates largely privately. However, it is known that ARETI has been involved in large-scale projects, suggesting significant financial capacity.
Beyond ARETI, Makarov has invested in various other ventures. He is involved in cycling, serving as president of the Russian Cycling Federation. This involvement signifies his interest in sports and potentially related investment opportunities. Details of his personal investment portfolio beyond ARETI and cycling are not easily accessible, highlighting the private nature of his financial dealings.
Therefore, while a comprehensive ledger of Igor Makarov’s finances is unavailable, his fortune stems from his successful founding and leadership of Itera and the subsequent sale of its oil and gas assets to Rosneft. This transaction provided him with the capital to diversify his investments through ARETI International Group and other ventures, cementing his position as a prominent figure with significant financial influence, particularly within the energy and sports sectors. The exact scope of his wealth remains largely private, but its origins and trajectory are clear.
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