He is a Russian mogul of Ukranian heredity. Fridman is the former student of Moscow Institute of Steel and Alloys. Fridman started his life in trading and financial services company and then co-founded Alfa Group in 1989 and now he has the share of Alfa Group along with his fellow billionaires and college buddies, and also chairs on the supervisory board of Alfa Consortium, it is a huge private owned investment group in Russia. Along with co-billionaires he sold the stock of 50% to Rosneft for $28 billion and benefited with $5.1 billion in that sale. Alfa used the gain from the deal to begin a new company named as LetterOne holdings S.A which controls overseas assets as well as procurements of foreign. Alfa owned telecommunication service provider VimpelCom acquired the telecom company of the Egyptian billionaire and enrolled as 6th large telecom provider in the universe. Mikhail in association with Khan and Kuzmichev provoked Alfa-Eco in 1989. In 1991 they started Alfa-Bank, one of the biggest private banks on present day.