Zarakh Iliev

About Zarakh Iliev

Birth Day: September 08, 1966
Birth Place: Moscow, Russia, Russia
Birth Sign: Libra
Residence: Moscow, Russia
Occupation: Property developer
Children: 2

Zarakh Iliev Net Worth

Zarakh Iliev was bornon September 08, 1966 in Moscow, Russia, Russia. In 2016 Zarakh Iliev and his partner, billionaire God Nisanov, bought land in the center of Moscow, not far from the Kremlin, where they plan to build hotels. The partners own nearly 14 million of square feet of real estate in Moscow including a 225-acre wholesale distribution center, Food City, that they developed to look like such cities as Paris, Madrid, Berlin and Mexico City. They also own several shopping centers on Moscow's outskirts. Their minority business partner, Ilkham Ragimov, graduated from Leningrad State University in the same class as President Vladimir Putin. They opened Moscow's Moskvarium, said to be Europe's biggest aquarium, with 8,000 sea creatures and seven pools where visitors can swim with dolphins, in 2015. Iliev and Nisanov were born in the same village Krasnaya Sloboda in Azerbaijan's mountains. They started business together in early 90s and share all their assets equally and split everything down the middle. Due to an error, Iliev was listed at $3 billion when he should have been listed at $3.1 billion, same as Nisanov.
Zarakh Iliev is a member of Real Estate

💰 Net worth: $2.8 Billion (Updated at 22 June 2018)

2011 $1.1 Billion
2012 $2.4 Billion
2013 $3 Billion
2014 $3.6 Billion
2015 $4.3 Billion
2016 $3.2 Billion
2017 $3 Billion
2018 $3.2 Billion

Biography/Timeline

1990

Together with his Business partner, fellow Azerbaijani God Nisanov, Iliev started by building markets near metro stations in Moscow, and later turned these into shopping centres in the early 1990s. They later Diversified into building hotels in Moscow and elsewhere in Russia and have real estate totalling 14 million square feet. They own the company Kiyevskaya Ploshchad.

2005

Nisanov and Iliev also own the Radisson Royal Hotel, Moscow and the Radisson SAS Slavyanskaya Hotel in Moscow. In 2005, Nisanov acquired the Radisson Royal Hotel, Moscow, a luxury hotel formerly known as the Ukrainian Hotel and commissioned by Joseph Stalin, for £59 million during an auction. Nisanov and Iliev closed the hotel after purchase and spent three years modernizing the structure. They reopened the hotel in April 2010 under the new brand, Radisson Royal.

2013

In 2013, they acquired the Lotus City shopping centre in suburban Moscow.

2019

Zarakh Iliev was born in Azerbaijan. Iliev’s family is part of a tight knit community of Mountain Jews. In 1983, when he was 17, Iliev left home to look for work in Moscow. He began working for his uncle on Lubyanka Street, but quickly became a respected trader at the Cherkizovsky Market.