A shareholder of the LetterOne holding, a con-founder and shareholder of the consortium Alpha-Group, which is the largest payer of taxes to the budget of the Russian Federation. A daughter of Vladimir Putin, Mariam ran a charity project Alpha-Endo financed by Alpha-Bank. Mr. Kuzmichov is an owner of assets belonging to one of leading Russian food retailers X5 Retail Group.

He is number 24 on the Russian Forbes 2021 list.

Alpha Bank credits state-owned military factories which produce Russian military equipment used in the war waged by Russia against Ukraine. “I am not going to make any political statements,” commented Mr. Kuzmichov Russian invasion of Ukraine in February 2022.