Mikhail Fridman is an international businessman, investor and philanthropist, who is a co-founder and member of the Board of Directors of Genesis Philanthropy Group.
Mikhail was born into a Jewish family, in Lvov, Ukraine. Mikhail graduated from school in 1980, where he won school Olympiads in physics and mathematics. After graduating from one of the top universities in Moscow, he started as an entrepreneur. Together with several partners he has built private businesses from the bottom up, in retail banking; telecoms; insurance and water.
Mikhail is co-founder of LetterOne (L1), an international investment business, headquartered in Luxembourg, with offices in London and New York. L1 has around $23 billion under management and buys and builds investments internationally – in the energy, telecoms and technology, health and retail sectors. L1 also invests in private equity funds. L1 most recently bought the UK retail chain Holland & Barrett, from The Nature’s Bounty Co. and The Carlyle Group for £1.77 Billion. Holland & Barrett is one of Europe’s largest Health and Wellness retail chains with stores in more than 1,150 locations worldwide.
He is also co-founder of the ABHH group based in Luxembourg, which invests in banking groups, which provide retail banking services in Europe and former CIS. Mikhail is a member of the International Advisory Board of the New York based Council on Foreign Relations and the founder of the international Jazz festival in Lvov, which is now one of Europe’s top 10 Jazz festivals.
An active supporter of Jewish causes around the world, he co-founded the Genesis Prize which is awarded annually in Jerusalem, and has been dubbed the Jewish Nobel by Time magazine. He is also co-founder of the Russian Jewish Congress, which is an affiliate of The World Jewish Congress.