Ziyavudin Magomedov Net Worth (Updated at June 2018)

Ziyavudin Magomedov Net Worth

Ziyavudin Magomedov was bornon September 25, 1968 in Moscow, Russia, Russia. Ziyaudin Magomedov is chairman of Summa Group, a conglomerate invested in port logistics, engineering, construction, telecommunications, and oil and gas. He founded the company together with his older brother and junior partner, Magomed Magomedov, a former member of the Federation Council, the upper house of Russia's parliament. In the early 1990s the brothers worked in banking. Later they became shareholders of the port in Primorsk on the Baltic Sea. In January 2011 Summa, together with state-controlled oil pipeline company Transneft, bought a 50.1% stake in the port in Novorossiysk. In late 2012 Summa bought a controlling stake in FESCO (Far Eastern Shipping Company). Summa has rebuilt the Bolshoi Theater in Moscow. He became a board member of U.S. transport outfit Hyperloop One in October 2016; his Caspian Venture Capital Fund has invested tens millions of dollars in company.
Ziyavudin Magomedov is a member of Energy

💰 Net worth: $1.05 Billion (Updated at 22 June 2018)

2014 $1.2 Billion

2017 $1.4 Billion

2018 $1.28 Billion

Some Ziyavudin Magomedov images

Biography/Timeline

1968

Ziyavudin Magomedov was born in 1968 in Makhachkala, Dagestan. In 1993 he earned a bachelor's degree in international economics from Moscow State University. In 2000, he received a PhD in international economics, also from Moscow State University.

1994

From 1994 to 1998, Magomedov was the President of IFC - Interfinance.

2006

In 2006, "Slavia" controlled by Magomedov, bought 76% of shares of "Yakutgazprom" for 628.5 million rubles. In 2006, "Summa Telecom" controlled by Magomedov received frequencies in the 2.5-2.7 GHz band for the provision of wireless Technology WiMax throughout Russia.

2007

In 2007 Magomedov entered the board of trustees of the Bolshoi Theatre. Since October 2010, he is the chairman of board of trustees of the Russian Tennis Federation.

2010

In 2010, he became the representative of Russia in APEC and in 2012 Chairman of ABAC, the APEC Business Advisory Council.

2011

In the 2011 Finance magazine list, he had an estimated net worth of US$3 billion.

2018

On 31 March 2018, while preparing to fly to the United States, Magomedov was arrested and charged with "racketeering and embezzlement of state funds" by Ministry of Internal Affairs of Russia. Magomedov denies the charges, but a Moscow court ruled on 31 March 2018 that he will remain in pre-trial custody, without bail, until 30 May 2018.