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AUM

Not disclosed

Principals

2

Principal Net Worth

$2.2B

Data Flags

Russian oligarch with Cypriot citizenship (renounced Russian 2023); Canadian sanctions; limited transparency on family office structure

Makarov Family Office

SFOHigh Confidence

Monaco / Cyprus

Last verified: Jan 17, 2026

Details

Source of Wealth
Energy (natural gas), investments
Assets Under Management
Not disclosed
Source File
research/organizations/makarov-family-office.md
UID
fo-makarov-family-office

Also Known As

Igor Makarov Family OfficeMakarov CapitalARETI Family Office

Principals (2)

Igor Viktorovich MakarovFounder/PrincipalOWNS
$2.2B
Valentina Makarova-OWNS

Team Members (1)

Wojciech WalkiewiczTitle TBD
WORKS_AT

Related Entities (4)

ARETI International GroupSubsidiary

Investment holding company

Former: ITERA GroupSubsidiary

Gas production company (no longer controlled)

Igor Makarov FoundationFoundation

Charitable foundation

Makarov FoundationFoundation

Relationship Strength

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Sources (5)

Changelog

  • 2026-01-17UPGRADED TO HIGH - Forbes 2025 confirms $2.1B (#1763), multiple sources cite $2.2B; 2+ sources verify billionaire status; noted Canadian sanctions and citizenship change
  • 2026-01-16Enriched with biography, education, entities, recent activity
  • 2026-01-15Auto-generated from principal Igor Makarov

Engagement & Preferences