Igor Makarov: International Businessman, Philanthropist, and Cyclist

Igor Makarov riding a bike

Image: Stan Ventures


Igor Makarov was born in 1962 in Ashgabat, Turkmenistan. He grew up equally interested in sports, education, and business, in which he later developed robust entrepreneurial skills. He has enjoyed sporting activities since childhood, particularly cycling. His love for cycling led to his participation in different cycling competitions, and Igor Makarov grew to share his cycling knowledge and skills during his leisure time. He participated in different cycling competitions and competed as a world-class cyclist from 1979 to 1986. Throughout his life, he has demonstrated that he has been the culmination of pure determination, strength of spirit, and unwavering dedication.


Igor Makarov studied at Turkmen State University, where he graduated in 1983. He participated in different cycling competitions, winning national and international championship events, and earned the title of International Master of Sports. In 1986, at the end of his athletic career, he went into the business world. He started as a small consumer goods manufacturer and later ventured into multiple other successful enterprises. Makarov successfully used the skills he gained and developed in business to establish lucrative companies.

Business Achievements

Some of Igor Makarov’s major business achievements include:

In advancing his career in business and athletics, Igor has consistently expressed interest in ensuring both aspects of his life are productive.

For over 30 years, Igor Makarov and his various companies have made generous donations to support different charity organisations and events. The charity events and programs have mostly been focused on health and wellness, including charity programs by organisations helping children with autism, charitable medicine-related events, and supporting retired athletes with disabilities. His funds have also helped renovate religious centres, including churches, mosques, synagogues, and buddhist temples.

Igor Makarov’s long-term sponsorship of various international charities, foundations, and social and environmental projects was awarded the UNESCO gold certificates and a gold medal.

Igor Makarov continues to challenge himself physically and professionally and has become the epitome of a successful international businessman and philanthropist.

Safe Cycling Initiatives

Igor has been actively involved in the promotion of safe cycling in the world. He was elected to the International Cycling Union (UCI) Management Committee in 2011. He was also the founder and main sponsor of the Swiss-registered professional cycling team KATUSHA, which successfully performed on the World Tour from 2009 to 2019 and was one of the best teams in the world for several years in a row.

Igor Makarov has expressed his determination to help people cycle well and safely through programs and educational sessions geared toward cycling. He shares relevant information related to cycling and staying physically fit on the internet. The ARETI International Group has been in constant collaboration with Igor Makarov to ensure adequate, appropriate information and help is given to people who want to keep fit through cycling. The financial donations from the companies have helped in running the cycling group.

Igor Makarov has proven his authority in business and entrepreneurship and has used his skills to grow his businesses successfully and profitably. He is zealous about cycling and business and shows equal interest in both.

Igor Makarov is renowned for his philanthropic and active participation in the cycling community and as an intentional and focused leader, thanks to the success of his endeavours, including his many businesses.


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