Zarakh Iliev
Real Estate

Zarakh Iliev Net Worth

7 months ago

Zarakh Iliev and his business partner God Nisanov are two billionaires from the same village in Azerbaijan. In 2016, they purchased land in the center of Moscow, close to the Kremlin, to build hotels. They own 14 million square feet of real estate in Moscow, including a 225-acre wholesale distribution center, Food City, and several shopping centers. They also opened Moskvarium, Europe's largest aquarium, in 2015. Iliev and Nisanov have been in business together since the early 90s and share all their assets equally. Iliev was mistakenly listed at $3 billion when he should have been listed at the same amount as Nisanov, $3.1 billion.
Zarakh Iliev is a member of Real Estate

Age, Biography and Wiki

Birth Day September 08, 1966
Birth Place Moscow, Russia, Russia
Age 56 YEARS OLD
Birth Sign Libra
Residence Moscow, Russia
Occupation Property developer
Children 2

💰 Net worth: $2.9 Billion (2024)

Zarakh Iliev, renowned for his prominent involvement in the real estate sector in Russia, is expected to have an impressive net worth of $2.9 billion in 2024. Recognized for his strategic investments and astute business acumen, Iliev has made a significant impact within the Russian real estate market, earning him great wealth and influence. His success is a testament to his ability to identify lucrative opportunities and make shrewd decisions that have consistently positioned him as a key figure within the industry. As his net worth continues to soar, Iliev remains an influential and powerful force within the Russian real estate realm.

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.

Tags Living people Russian businesspeople Russian billionaires People from Moscow Russian hoteliers Russian Jews People from Quba Azerbaijani Jews Mountain Jews 1966 births

You may also like

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.