Ziyavudin Magomedov
Energy

Ziyavudin Magomedov Net Worth

1 year from now

Ziyavudin Magomedov is a Russian businessman and chairman of Summa Group, a conglomerate invested in port logistics, engineering, construction, telecommunications, and oil and gas. He founded the company with his brother Magomed Magomedov, a former member of the Federation Council. In the early 1990s, the brothers worked in banking and later became shareholders of the port in Primorsk. Summa has since acquired a 50.1% stake in the port in Novorossiysk and a controlling stake in FESCO. Magomedov has also been involved in the rebuilding of the Bolshoi Theater in Moscow and is a board member of Hyperloop One, investing tens of millions of dollars in the company.
Ziyavudin Magomedov is a member of Energy

Age, Biography and Wiki

Birth Day September 25, 1968
Birth Place Moscow, Russia, Russia
Age 55 YEARS OLD
Birth Sign Libra
Residence Moscow, Russia
Alma mater Moscow State University
Occupation Businessman
Spouse(s) Married
Children 3
Website www.summagroup.ru/en/

💰 Net worth: $1 Billion (2024)

Ziyavudin Magomedov, also known as Energy in Russia, is set to amass an impressive net worth of $1 billion by 2024. With his astute business acumen and influential presence in the energy sector, Magomedov has been a prominent figure in Russia's energy industry for many years. His success can be attributed to various investments and ventures in the sector, establishing a strong foundation for his growing wealth. As an individual who possesses invaluable knowledge and expertise, Magomedov's net worth is reflective of his remarkable achievements and continuous contribution to the energy landscape in Russia.

2014 $1.2 Billion
2017 $1.4 Billion
2018 $1.28 Billion

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.

Some Ziyavudin Magomedov images

Tags Russian billionaires Russian businesspeople Russian businesspeople in the oil industry 1968 births Living people People from Makhachkala Russian people of Dagestani descent Moscow State University alumni

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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.