Igor Makarov Net Worth $19 Billion
Itera – Is it a Scam?
He’s also the 53rd richest person in Russia and ranked 792nd in the list of World Billionaires. Born Igor Viktorovich Makarov in Ashgabat, Turkmenistan in 1962, he graduated from Turkmen State University in 1983 and later served in the Army.
Makarov got his estimated net worth of $1.9 billion as the creator of Itera, a private group of firms based in Moscow, Russia. It focuses on natural gas investigation and processing with operations in Russia, the CIS nations and Turkmenistan. It also deals with the other fields of energy industry including oil extraction, pipeline transportation and coal mining, civil and industrial engineering, and finance and insurance.
Founded in 1992, Itera was Russia’s major exporter of gas from Turkmenistan during the 2nd half the 1990’s.
Igor Makarov has taken advantage of the gas-rich Turkmenistan also as his connections with high ranking officials in the Russian natural gas monopoly Gazprom. His company got its assets for next-to-nothing and he ended up owning huge gas fields. Nonetheless, in 2001, Vladimir Putin shook up the leadership of Gazprom and Itera almost lost its company. He managed to save the company after he turned over some assets to Gazprom. Itera can be a stockholder in the Dinamo Riga team in the professional hockey league in Russia.