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Overview and Mini Bio

Igor Viktorovich Makarov, born on April 5, 1962, in Ashgabat, Turkmen SSR (now Turkmenistan), is a distinguished entrepreneur, philanthropist, and former professional cyclist. He is best known as the founder of Itera, Russia’s first independent gas company, and later as the president of ARETI International Group. Beyond his business ventures, Makarov has made significant contributions to the world of cycling and philanthropy.

Charitable Work and Legacy

Makarov established the Makarov Foundation to support children’s welfare and individuals with autism and other developmental disabilities. Through his foundation, he has provided grants to build the Mount Sinai Adult Autism Clinic and supported various charitable events, including the Best Buddies International’s annual Hublot Best Buddies Challenge: Miami. Additionally, Makarov has donated to conservation initiatives like the Flight of Hope Project to save the population of Siberian cranes.

Current Relevance and Recent Updates

In the summer of 2023, Makarov renounced his Russian citizenship in favor of Cypriot citizenship. This move was part of a broader trend among Russian billionaires seeking to distance themselves from Russia amid geopolitical tensions.

Future Plans and Impact on Culture

Igor Makarov continues to be a significant figure in both the energy sector and sports, particularly cycling. His ventures with ARETI International Group remain an important part of his legacy, and his future plans are expected to focus on expanding investments across Europe, Central Asia, and North America.

Early Life and Family Background

Igor Makarov was born in 1962 in Ashgabat, Turkmen SSR, as the only child of his parents. His family had a strong sporting tradition, which influenced his early interest in athletics. He began cycling at a young age, quickly rising through the ranks to become a member of the USSR national cycling team. During his cycling career, Makarov achieved significant success, winning medals in various competitions and earning the title of Master of Sports of International Class.

Makarov’s influence extends beyond the business world into global cycling, where his support for the sport and his involvement in cycling federations continue to have an impact. His cycling team, Katusha, left a lasting imprint on the professional cycling circuit, and Makarov’s ongoing support of the sport suggests he may continue to be involved in promoting cycling at the international level. Furthermore, as a philanthropist, Makarov is expected to deepen his contributions to charitable causes, particularly in supporting children’s welfare and autism awareness.

In 2015, Makarov founded ARETI International Group, focusing on investments across Europe, Central Asia, and North America. ARETI operates in various sectors, including energy, and has offices in Cyprus, Switzerland, and Turkmenistan.

Notable Works and Achievements

Beyond his business ventures, Makarov has made significant contributions to the world of cycling. He served as the president of the Russian Cycling Federation from 2010 to 2016 and was elected as Honorary President in 2016. In March 2011, he became a member of the Management Committee of the International Cycling Union (UCI). Makarov also founded and sponsored the Swiss-registered professional cycling team Katusha, which competed in the World Tour from 2009 to 2019.

  • Attribute: Details
  • Full Name: Igor Viktorovich Makarov
  • Date of Birth: April 5, 1962
  • Place of Birth: Ashgabat, Turkmen SSR (now Turkmenistan)
  • Nationality: Cypriot (formerly Russian)
  • Early Life: Born as the only child to his parents in Ashgabat, Turkmen SSR.
  • Family Background: Raised in afamily with a strongsporting tradition.
  • Education: Graduated from Turkmen State University in 1983.
  • Career Beginnings: Started as a professional cyclist, becoming a member of the USSR national team.
  • Notable Works: Founder of Itera and ARETI International Group.
  • Relationship Status: Married to Lera Kudryavtseva, a Russian television presenter.
  • Children: Two children.
  • Net Worth: Estimated at $2.2 billion as of March 2023.
  • Major Achievements: Founder of Itera, president of ARETI, and significant contributions to international cycling.

Personal Life and Relationships

Makarov is married to Lera Kudryavtseva, a well-known Russian television presenter. The couple has two children. Makarov’s personal life is characterized by his commitment to family and his active involvement in various philanthropic and sporting activities.

Career Beginnings and Key Milestones

After retiring from professional cycling, Makarov transitioned into the business world. In 1992, he founded Itera, an independent gas company that became Russia’s main exporter of gas from Turkmenistan in the late 1990s. Itera’s success was built on Makarov’s strategic vision and his ability to navigate the complexities of the energy sector. In 2012, Itera entered into a joint venture with Rosneft, the state-controlled oil company, and the following year, Rosneft acquired Itera for $2.9 billion.

Net Worth and Lifestyle

As of March 2023, Makarov’s net worth is estimated at $2.2 billion. His wealth is primarily derived from his successful ventures in the energy sector, including the founding and leadership of Itera and ARETI International Group. Makarov’s lifestyle reflects his status, with notable assets such as luxury yachts and properties in various countries.

With his wealth and influence, Makarov’s decisions will likely continue to shape not only his industries but also broader social and philanthropic efforts.

Disclaimer: Igor Makarov: Age, wealth data updated April 2026.