Suleyman Kerimov Net Worth is$6.5 Billion
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Profession: Politician, Investor, Businessperson
Date of Birth: Mar 12, 1966
Country: Russia
Suleyman Kerimov net worth: Suleyman Kerimov is a Russian-born businessman with a net worth of $6.5 billion dollars. Born in Dagestan, USSR, Suleyman Kerimov graduated from Dagestan State University with degrees in Economics and Financial Accounting. He served as the Deputy of the State of Duma, in the lower chamber of Russian Parliament from the late 90s until 2007. In 2006, he was severely injured in a car accident, which required multiple years of recuperation. A savvy investor and financier, he was part of the group of businessmen who launched Fedprombank in the early 90s. He provided credit to large Russian corporations that were struggling, and then earned massive returns when the Russian economy stabilized. In 2008, he sold the majority of his Russian assets as the Russian economy destabilized. He poured much of his wealth into buying shares in such companies as Morgan Stanley, Goldman Sachs, and Credit Suisse. Unfortunately, these companies ended up incurring large losses when the US economy plummeted, and he lost a significant portion of his wealth. He has since largely recovered, by reinvesting in Russian companies.
Suleyman Abusaidovich Kerimov (Russian: ???????? ??????????? ???????; Lezgian: ???????? ????????? ??? ????????) (Lezgian, born March 12, 1966 in Derbent, Dagestan, USSR) is a member of the Federation Council of Russia, a businessman, an investor and philanthropist. He has a degree in financial accounting and economics from Dagestan State University.
From 1999 to 2007, Kerimov served as a Deputy of the State Duma, the lower chamber of the Russian Parliament. He was Deputy Chairman of the Committee on Physical Education, Youth and Sports and also a member of the State Duma's Security Committee. On Dec. 10, 2007, he became a Member of the Federation Council of the Russian Federation, the upper chamber of the Russian Parliament. He now serves as a member of the Financial Markets and Monetary Circulation Committee.
Kerimov is currently listed as number 118 on Forbes' list of the World's Billionaires, with a reported net worth of $7.8 billion.
Kerimov earned his wealth by building a diverse investment portfolio of both public and private interests.
In 1993, Kerimov helped to establish Fedprombank, which enabled him to finance lagging industries. He became a creditor to large utility companies, allowing them to continue to provide key services, and he earned significant returns once the economy stabilized and the debts were repaid.
At the end of 1999, Kerimov acquired Nafta-Moskva, which was established in 1994 as a successor to the Soviet oil trader Soyuzneftexport. He assumed full control over the company in 2000. Kerimov undertook a mass restructuring of the company, selling off all of the oil-related aspects and creating an investment and holding company.
In 2003, Kerimov began investing heavily in blue-chip Russian companies such as Gazprom and Sberbank, diversifying later into the investments portfolios consisting of Western financial institutions and industrial companies. Kerimov sold most of those investments in 2008.
In December 2005, Kerimov

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Suleyman Kerimov Latest News

Billionaire Russian lawmaker under investigation in France

Suleiman Kerimov, one of Russia's richest men, was arrested late on Monday night in Nice. Russia summoned a French diplomat in Moscow to protest about his detention but he has since been released under strict conditions. "We will apply all efforts ...
Posted: November 23, 2017, 4:00 am

Russian billionaire Suleyman Kerimov charged with tax evasion in France

Russian billionaire and politician Suleyman Kerimov has been charged with laundering money gained through tax fraud in France. The 51-year-old, who was arrested at Nice Airport and held for two days, has now been released on bail of €5m (£4.4m) under ...
Posted: November 23, 2017, 4:44 am

Russian billionaire senator investigated for tax fraud in France

A French judge has put Russian billionaire senator Suleyman Kerimov under formal investigation for tax fraud in Nice, hours after Moscow protested his arrest in the French Riviera resort. Kerimov was detained upon arrival at the airport on Monday ...
Posted: November 23, 2017, 4:00 am
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