Zelimkhan Mutsoev’s profile picture

Zelimkhan Mutsoev

Zelimkhan Mutsoev’s profile picture
Net worth 2018: $1 Billion
Industry: Real Estate
Country: Russia
Children: 5
Education: Bachelor of Science in Engineering, Volgograd Institute of Civil Engineering
BIOGRAPHY

Zelimkhan Mutsoev was born in Russia. Zelimkhan Mutsoev's family controls the Regions Group, which owns dozens of Russian shopping centers. He drove a dump truck on construction sites after he finished school and in the late 1980s he founded a clothing manufacturer. In the 1990s he became a co-owner of Pervouralsk, a factory that produces pipes and tubes and in 2004 he sold it to former billionaire Andrey Komarov's steel pipe company ChTPZ group. In February 2013 he and billionaire Gavril Yushvaev paid $3.6 billion for billionaire Mikhail Prokhorov's 38% stake in Russian gold producer Polyus Gold, a company that is registered in Jersey. In August 2013 that acquisition appeared to be a problem for Mutsoev because a new law passed that barred members of the Russian government from owning assets abroad. Mutsoev has been a member of the State Duma, the lower house of the Russian parliament, since 1999. To get around the law, he claimed that he sold his 18.5% stake in the company to his brother. (Forbes assumes he still owns that asset.) He sold his 8.1% stake in Russian fertilizer producer Uralkali in 2013 following the so-called "potash war," which disrupted Uralkali's cartel relationship with the fertilizer company controlled by the Belarusian government.

NET WORTH STATISTIC
2012

$1.5 Billion

2013

$1.5 Billion

2014

$1.3 Billion

2015

$1 Billion

2018

$1 Billion

(4.4/172 votes)
Related Person
Jay Paul’s profile picture
Jay Paul
Net Worth is $2.72 Billion
Ty Warner’s profile picture
Ty Warner
Net Worth is $2.71 Billion
Raj Kumar & Kishin RK’s profile picture
Raj Kumar & Kishin RK
Net Worth is $2.7 Billion
Chen Din Hwa’s profile picture
Chen Din Hwa
Net Worth is $2.6 Billion
Fong Yun Wah’s profile picture
Fong Yun Wah
Net Worth is $2.59 Billion
Richard Peery’s profile picture
Richard Peery
Net Worth is $2.59 Billion