Ziyavudin Magomedov’s profile picture

Ziyavudin Magomedov

Ziyavudin Magomedov’s profile picture
Net worth 2018: $1.28 Billion
Industry: Energy
Residence: Moscow, Russia
Country: Russia
BirthDay: 25 September 1968
Sigh: Libra
Children: 3
Education: Bachelor of Arts / Science, Moscow State University
BIOGRAPHY

Ziyavudin Magomedov was bornon 25 September 1968 in Moscow, Russia, Russia. Ziyavudin Magomedov is #1761 in List Billionaires People In The World. 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.

NET WORTH STATISTIC
2014

$1.2 Billion

2017

$1.4 Billion

2018

$1.28 Billion

TIMELINE
Ziyavudin Gadzhievich Magomedov (Russian: Зиявудин Гаджиевич Магомедов, born 1968) is an Avar Dagestani - Russian business tycoon and the main owner of the private investment company Summa Group.Ziyavudin Magomedov was born in 1968 in Makhachkala, Dagestan. In 1993 he graduated from the Economics Faculty of Moscow State Lomonosov University. Magomedov is currently the 41st richest person in Russia according to the 2011 Finance Magazine list, with an estimated fortune of US$3 billion.1994 - 1998 President of IFC - Interfinance. 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. In 2007 Ziyavudin Magomedov entered the board of trustees of the Bolshoi Theatre. Since October 2010, is the chairman of board of trustees of the Russian Tennis Federation. In 2010, he became the representative of Russia in APEC and in 2012 Chairman of ABAC, the APEC Business Advisory Council. In January 2011, Ziyavudin Magomedov with "Transneft" acquired company Kadina Ltd, which owned the majority (50.1%) of NCSP.
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