Early Life
Igor Viktorovich Makarov was born in Ashgabat, Turkmen SSR, on April 5, 1962. He was a competitive cyclist from 1979 to 1986, representing the USSR national team and winning several medals. He graduated from Turkmen State University in 1983.
Rise to Success
After his cycling career, Makarov transitioned to business. In 1992, he founded ITERA International Group of Companies, which became a major player in the natural gas industry. By the late 1990s, ITERA was Russia's main exporter of gas from Turkmenistan. In 2013, he sold ITERA to Rosneft for $2.9 billion. Makarov then established the ARETI International Group.
Key Business Strategies
Makarov's success stems from his strategic foresight in the energy sector, particularly natural gas. He built strong relationships and capitalized on opportunities in the post-Soviet era. His ability to identify and leverage market trends allowed ITERA to become a dominant force. The establishment of ARETI Group reflects his continued interest in investments and new opportunities across different industries.
Philanthropy
Igor Makarov is actively involved in philanthropy. He established the Makarov Foundation, which supports children's welfare, individuals with autism, and other developmental disabilities. His foundation supports various initiatives, including the Mount Sinai Adult Autism Clinic, and has made significant donations to charitable causes.
