Mikheil Lomtadze (Georgian: მიხეილ ლომთაძე, romanized: mikheil lomtadze) is a Georgian-Kazakhstani technology entrepreneur and businessman.[1][2][3] He is the Chairman of the board of Kazakhstan-based fintech Kaspi, and has been board members and investors of a number of other companies.

Mikheil Lomtadze
მიხეილ ლომთაძე
Born (1975-10-17) October 17, 1975 (age 49)
Alma materHarvard Business School
OccupationBusinessman
AwardsOrder of Kurmet

Education and early career

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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]

Career

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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]

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 as Kaspi.[2][8][9]

Between 2006 and 2010 he was a member of the board of the Russian Center for Financial Technologies.[10]

In February 2013, Lomtadze and Vyacheslav Kim acquired the merged company Kolesa, Krysha, Market for $15 million, and Lomtadze became chairman of its supervisory board.[11]

In 2017, he invested more than 1 billion rubles in Automama.ru, a retail network for used cars.[12]

In 2021, Lomtadze ranked third in the list of the 50 Richest Businessmen in Kazakhstan according to Forbes Kazakhstan[13] and second among Georgian billionaires on Forbes' The World's Billionaires list.[14]

In 2024, Lomtadze became a board member and partner of the English professional association football club Wycombe Wanderers F.C..[15] In the same year, he acquired the Wycombe Wanderers, buying out 90% of its shares.[16]

References

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  1. ^ "Mikheil Lomtadze Named Best CEO at Kazakhstan Growth Forum". 24 September 2021.
  2. ^ a b "Mikhail Lomtadze". Forbes. Retrieved 7 May 2024.
  3. ^ "Mikhail Lomtadze becomes major shareholder of Kaspi.kz and Kaspi Bank".
  4. ^ "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.
  5. ^ "Правила игры ЦБ сможет проверять банки повторно". www.kommersant.ru (in Russian). 2003-01-15. Retrieved 2022-08-10.
  6. ^ "Georgian Billionaires". forbes.ge. 2021-07-13. Retrieved 2022-08-10.
  7. ^ "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.
  8. ^ "Secret of $2 Billion - What Caused the Success of Kazakh Kaspi at LSE, run by Mikheil Lomtadze?".
  9. ^ "Kaspi.kz once again recognized as # 1 in e-commerce". 16 September 2021.
  10. ^ "Baring Vostok приглянулась «Золотая корона»". www.vedomosti.ru. 27 June 2006.
  11. ^ "Сменились владельцы сайтов и газет «Колеса» и «Крыша»". azh.kz.
  12. ^ "Automama упрощает получение автокредита". inthepress.ru.
  13. ^ "50 богатейших бизнесменов Казахстана — 2021". forbes.kz.
  14. ^ Tsiramua, Davit (2021). "Mikheil Lomtadze On Forbes Billionaires List". Forbes Georgia. Retrieved 26 September 2024.
  15. ^ "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.
  16. ^ "Kazakhstan billionaire takes over League One Wycombe". BBC Sport. 5 May 2024. Retrieved 7 May 2024.