Mikheil Lomtadze
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| Mikheil Lomtadze | |
|---|---|
 Михаил Ломтадзе.jpg Portrait photo of Mikheil | |
| Native name | მიხეილ ლომთაძე |
| Born | October 17, 1975 Batumi, Georgia |
| 💼 Occupation | entrepreneur, businessman |
| 🏅 Awards | Order of Kurmet |
Mikheil Lomtadze (Georgian: მიხეილ ლომთაძე, translit.: mikheil lomtadze) is a technology entrepreneur and businessman.[1][2][3] He is the Chairman of the board of Kazakhstan-based fintech Kaspi.
Education and early career[edit]
Lomtadze obtained his BBA degree from the European School of Management, Georgia in 1997, and Master of Business Administration (MBA) degree from Harvard Business School in 2002.[4]
In 1995, Lomtadze founded Georgia Consulting Group Audit. The company provided auditing and consulting services. In 2002, Lomtadze sold the firm, which became part of Ernst & Young's global network.[5] He then embarked on a career at private equity fund Baring Vostok Capital Partners, first as a project manager, and later as a partner.[6][7]
Kaspi[edit]
In 2006, Mikhail Lomtadze became a member of the board of directors of Kazakhstan's Caspian Bank, and, a year later, became chairman of the bank's board. In 2011, Lomtadze rebranded the bank.[2][8][9]
In 2018, Lomtadze announced plans to hold an initial public offering, but, in 2019, postponed its London listing due to uncertainty in international stock markets and in the global technology sector in particular.[10] Kaspi.kz's eventual October 2020 IPO was oversubscribed five times, valued the business at $6.5 billion,[11] and was recognized as Europe's fourth largest IPO in 2020.[12]
Following the IPO, Kazakhstan's president, Kassym-Jomart Tokayev had several meetings with Lomtadze and Kaspi chairman Vyacheslav Kim, recognising that the company's success benefited the Kazakh economy,[11] discussing the development of fintech, e-commerce, digital payments and transition to a cashless economy,[13] and identifying potential areas of joint activity.[14]
In January 2024, Kaspi became the latest London-listed group to sell shares on the New York Stock Exchange.[15] The company reported revenue of $2.8bn in the first nine months of 2023, and net income of $1.3bn. Its London-listed shares had almost tripled since their debut in 2020.[15]
In February 2021, Mikhail Lomtadze participated in the plenary session of the annual international forum Digital Almaty 2021: Digital Reset: a Leap Into a New Reality.[16]
Other projects[edit]
2006 – 2010: member of the board of the Russian Center for Financial Technologies.[17]
In February 2013, Mikhail Lomtadze, together with Vyacheslav Kim, acquired the merged company Kolesa, Krysha, Market for $15 million, and became chairman of its supervisory board.[18]
In 2017, he invested more than 1 billion rubles in Automama.ru, a retail network for used cars.[19]
In 2024, Mikhail Lomtadze became a board member and partner of the English professional association football club Wycombe Wanderers.[20]
In the same year, he acquired Wycombe Wanderers, buying out 90% of its shares.[21]
Net worth[edit]
Lomtadze ranks third in the list of the 50 Richest Businessmen in Kazakhstan according to Forbes Kazakhstan, with a net worth of $3,9 billion and 7th in the list of The Most Influential Businessmen in Kazakhstan.[22] Mikhail Lomtadze has been featured on the Forbes Global Billionaires List since 2021, rising from the initial 956th position to the 581st in 2024, with a net worth estimated at $5.3 billion.[23][24]
Awards[edit]
In December 2012, Lomtadze was awarded the Order of Kurmet for his contribution to the development of Kazakhstan's economy and banking system.[25][26]
In June 2020, Lomtadze was awarded the People’s Gratitude medal for his contributions to Kazakhstan's COVID-19 pandemic response.[27] In December 2021, he was awarded the Order of Friendship for a significant contribution to the social and economic development of Kazakhstan.[28]
Between 2017 and 2021, Lomtadze was recognised as the best CEO in Kazakhstan, according to the Kazakhstan Growth Forum and respondents to a PricewaterhouseCoopers survey.[29][30][31]
In 2020, for the first time, the Forbes Kazakhstan magazine announced two winners of the Businessman of the Year Award – Vyacheslav Kim and Lomtadze.[32] A key factor in selecting two representatives of the same company was its successful IPO on the London Stock Exchange in October 2020.[33]
References[edit]
- ↑ "Mikheil Lomtadze Named Best CEO at Kazakhstan Growth Forum". 24 September 2021.
- ↑ 2.0 2.1 "Mikhail Lomtadze". Forbes. Retrieved 7 May 2024.
- ↑ "Mikhail Lomtadze becomes major shareholder of Kaspi.kz and Kaspi Bank".
- ↑ "Mikhail Lomtadze: Another Globally Renowned Georgian on the Forbes Billionaires List". 2021-04-28. Archived from the original on 2022-07-29. Retrieved 2022-08-15.
- ↑ "Правила игры ЦБ сможет проверять банки повторно". www.kommersant.ru (in русский). 2003-01-15. Retrieved 2022-08-10.
- ↑ "Georgian Billionaires". forbes.ge. 2021-07-13. Retrieved 2022-08-10.
- ↑ "Mikheil Lomtadze — the Georgian who became a Kazakh billionaire". www.investor.ge. 10 December 2020. Archived from the original on 2022-03-27. Retrieved 2022-08-10.
- ↑ "Secret of $2 Billion - What Caused the Success of Kazakh Kaspi at LSE, run by Mikheil Lomtadze?".
- ↑ "Kaspi.kz once again recognized as # 1 in e-commerce". 16 September 2021.
- ↑ "Mikheil Lomtadze becomes a Billionaire as a Result of Listing Kaspi on LSE".
- ↑ 11.0 11.1 "Kazakhstan Attracts over US$370 Billion in FDI Since Independence". Astana Times. 6 December 2021.
- ↑ "Fintech star Kaspi.kz most valuable ever listed Kazakh company after huge London IPO". BNE Intellinews. 16 October 2020.
- ↑ "Kaspi.kz founders met with the President of Kazakhstan". 25 February 2020.
- ↑ "The President receives Kaspi.kz founders — Official website of the President of the Republic of Kazakhstan".
- ↑ 15.0 15.1 Megaw, Nicholas (21 January 2024). "Kaspi looks beyond London listing to brighter lights of New York". Financial Times. Retrieved 7 May 2024.
- ↑ "В Алматы стартовал ежегодный международный форум «Digital Almaty 2021»". www.gov.kz. 2021-02-05. Archived from the original on 2021-11-30. Retrieved 2021-03-15.
- ↑ "Baring Vostok приглянулась «Золотая корона»". www.vedomosti.ru.
- ↑ "Сменились владельцы сайтов и газет «Колеса» и «Крыша»". azh.kz.
- ↑ "Automama упрощает получение автокредита". inthepress.ru.
- ↑ "Foreign media on Kazakhstan: Kaspi.kz shareholder Mikhail Lomtadze buys a football club, EEU Economic Integration meeting in Moscow, China-Kazakhstan Trade Logistic cooperation". en.inform.kz.
- ↑ "Kazakhstan billionaire takes over League One Wycombe". BBC Sport. 5 May 2024. Retrieved 7 May 2024.
- ↑ "50 богатейших бизнесменов Казахстана — 2021". forbes.kz.
- ↑ "Шесть казахстанцев - в списке богатейших людей мира". www.forbes.kz.
- ↑ "Mikhail Lomtadze - Forbes". forbes.com.
- ↑ "Kazakhstan Investment Forum 2021". www.lsegissuerservices.com. 2021-10-29. Retrieved 2022-08-13.
- ↑ "Михаил Ломтадзе «Құрмет» орденімен марапатталды". 7kun.kz (in қазақша). 2022-04-23. Archived from the original on 2021-11-17. Retrieved 2022-08-13.
- ↑ "Mikhail Lomtadze awarded the 'People's Gratitude' medal by the President of Kazakhstan". forbes.kz. 2020-06-26. Archived from the original on 2021-12-15. Retrieved 2022-08-13.
- ↑ "Prime Minister of Kazakhstan Askar Mamin presents state awards on 30th anniversary of Independence". primeminister.kz. 2021-12-13. Archived from the original on 2021-12-20. Retrieved 2022-08-13.
- ↑ "Кто лучше всего руководит компаниями в Казахстане?". kapital.kz (in русский). 2018-09-20. Archived from the original on 2019-09-23. Retrieved 2022-08-14.
- ↑ "Глава Kaspi.kz Михаил Ломтадзе признан лучшим первым руководителем казахстанской компании — 2019 Country's Best CEOs". inbusiness.kz (in русский). 2019-09-20. Archived from the original on 2021-12-08. Retrieved 2022-08-14.
- ↑ "Kazakhstan Growth Forum Names Mikheil Lomtadze as the Best CEO". cbw.ge. Retrieved 2022-08-14.
- ↑ "Дуумвират: Forbes Kazakhstan определился с выбором лучшего бизнесмена 2020 года". forbes.kz (in русский). 2021-01-08. Retrieved 2022-08-10.
- ↑ "Kazakhstan Fintech Firm Kaspi Surprises With Huge London IPO". www.forbes.com. 2020-10-15. Archived from the original on 2022-08-16. Retrieved 2022-08-10.
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