Aras Agalarov
Fashion and Retail

Aras Agalarov Net Worth

Aras Agalarov is a Russian billionaire developer and father of pop star Emin Agalarov. He has close ties to US president Donald Trump, having brought the Miss Universe pageant to Moscow in 2013 and planned to construct a Trump Tower in Russia. Aras began his career in the technology industry, but found greater success in trade fairs, establishing the development firm Crocus which became one of the country's largest trade-fair operators. His holdings have since expanded to include luxe buildings and shopping malls, such as the Crocus City Mall in Moscow. Emin has close ties to the Trump family and brand, having featured Trump in a music video, and was previously married to the daughter of Azerbaijan president Ilkham Aliyev.
Aras Agalarov is a member of Fashion and Retail

Age, Biography and Wiki

Birth Day November 08, 1955
Birth Place Moscow, Russia, Russia
Age 67 YEARS OLD
Birth Sign Sagittarius
Occupation Businessman, developer
Awards Order of Honour Order of Merit of the Italian Republic (Commander)

💰 Net worth: $1.5 Billion (2024)

Aras Agalarov, a prominent figure in the Russian fashion and retail industry, is estimated to have a net worth of $1.5 billion by 2024. Known for his entrepreneurial spirit and astute business acumen, Agalarov has played a significant role in shaping the fashion landscape in Russia. Leveraging his expertise and extensive network, he has successfully built and expanded a number of fashion and retail brands, cementing his status as a key player in the industry. With continued success, Agalarov's net worth is expected to grow, affirming his position as one of Russia's wealthiest individuals.

2010 $1.1 Billion
2011 $1.5 Billion
2012 $1.6 Billion
2013 $1.8 Billion
2014 $1.8 Billion
2015 $1.9 Billion
2016 $1.2 Billion
2017 $1.7 Billion
2018 $1.78 Billion

Biography/Timeline

1998

Born in Baku, Agalarov was educated at the Azerbaijan Polytechnical Institute. There, he studied computer engineering and was a member of the Communist Party of Azerbaijan and Baku City Committee. He moved with his family to Moscow in 1998, where he co-founded Crocus International alongside his father-in-law, Iosif Yevgenevich, which specializes in trade fairs, where he still makes most of his money.

2012

In 2012, the Crocus Group (ru) built a new campus for the Far Eastern Federal University outside Vladivostok. Agalarov says he had to buy a larger Gulfstream jet to visit the site, where he spent $100 million of his own money on cost overruns on the $1.2 billion campus of 70 new building on Russky Island overlooking the Pacific Ocean. He then won projects for a Moscow superhighway and two stadiums for the 2018 FIFA World Cup.

2013

In January 2013, Agalarov and his son visited Las Vegas, Nevada, after Donald Trump, the beauty pageant's owner, announced at Miss Universe 2012 that the next competition would be hosted by Agalarov in Moscow. He paid Trump $20 million to host the pageant. In November 2013, President Vladimir Putin awarded Agalarov the Russian Order of Honor. That month, Agalarov hosted Miss Universe 2013 at his Crocus City Hall.

2014

In 2014, Kyrgyzstan signed a treaty with Russia that named Crocus Group as the single supplier of services to integrate into the Eurasian Economic Union, avoiding competitive bidding on the $127 million deal.

2015

Agalarov is married and has two children. His son Emin Agalarov is a businessman and singer/songwriter. Emin was married to Leyla Aliyeva, the daughter of the current President of Azerbaijan, Ilham Aliyev, until they divorced in May 2015. Agalarov has twin grandsons from his son's marriage.

2016

Agalarov's son, Emin, helped arrange Russian Lawyer Natalia Veselnitskaya's June 9, 2016 meeting with Donald Trump Jr., Jared Kushner, and Paul Manafort in Trump Tower. Emin says that after Trump won the United States presidential election in 2016, Trump sent them a handwritten note, saying he does not forget his friends.

2017

As of June 2017, he had an estimated net worth of US$1.91 billion, most of which is derived from his real estate ventures. In January 2017, Forbes listed him as the 51st richest Russian.

Some Aras Agalarov images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.