Suleiman Kerimov, a prominent Russian oligarch, has amassed significant wealth throughout his career. Known for his involvement in politics and business, Kerimov’s rise to prominence has been marked by strategic investments and calculated risks.
This article will delve into the details of Suleiman Kerimov net worth, early life, career, and personal life, shedding light on the factors that have contributed to his success.
|Suleyman Abusaidovich Kerimo
|12 March 1966
|Derbent, Dagestan, Russia
|Dagestan Polytechnic Institute
|Source of Wealth
|Investments in various companies
What is Suleiman Kerimov Net Worth and Salary in 2023?
Suleiman Kerimov’s net worth in 2023 is estimated to be $11.8 billion, making him one of the wealthiest individuals in Russia. His vast fortune is primarily derived from his stake in various companies, including Gazprom, Uralkali, and Sberbank. While his exact salary is not publicly disclosed, it is evident that his investments and business ventures have yielded substantial returns.
Why is Suleiman Kerimov Famous?
Suleiman Kerimov gained fame and recognition due to his remarkable success as a Russian oligarch. Despite facing challenges and controversies throughout his career, he has managed to maintain his status as one of the most influential figures in Russian business and politics.
His ability to navigate complex financial landscapes and make astute investment decisions has earned him a reputation as a shrewd businessman.
Suleiman Kerimov Overview
Suleiman Kerimov was born in Derbent, Dagestan, Russia, on March 12, 1966. Growing up in this region, known for its cultural diversity and historical significance, shaped his worldview and instilled in him a strong sense of identity.
After completing high school in 1983, Kerimov enrolled in the Civil Engineering Department at Dagestan Polytechnic Institute. However, his studies were interrupted when he had to fulfill his mandatory military service for the Soviet Army in 1984.
Kerimov returned to Dagestan State University after finishing his duty in 1986, where he earned a degree in financial accounting and economics in 1989. During his studies, he served as the Deputy Chairman of the DSU Trade Union Committee.
Career and Awards
Suleyman Abusaidovich Kerimov is a prominent Russian businessman, billionaire, and politician of Lezgian origin. Kerimov has established himself as a significant figure in Russia’s political and economic landscape. He has close ties with the Russian government, particularly with President Vladimir Putin, and also with Ramzan Kadyrov, the Chechen leader.
Throughout his career, Kerimov has held several key positions. He serves as the head of the supervisory board of the Russian Wrestling Federation and is a member of the Gorchakov Foundation’s supervisory board.
His contributions to the development of parliamentarianism and legislation were recognized in 2017 when he was awarded the Order For Merit to the Fatherland, II class by President Vladimir Putin.
Kerimov is known for his astute investment style, often compared to that of Warren Buffett. He made extensive use of leverage for his investments, according to financiers and bankers active in Russia.
In 2011, he purchased FC Anzhi Makhachkala, his hometown football club which competes in the Russian Premier League.
Since 2008, Kerimov has served as a member of the Federation Council of the Federation Assembly of the Russian Federation – the upper house of the Federation Assembly— and represents the Republic of Dagestan. He first gained a seat in parliament with the Liberal Democratic Party, led by Vladimir Zhirinovsky.
Kerimov established the Suleyman Kerimov Foundation in 2007. The Kerimov Foundation has donated to mosque and church constructions, as well as sent thousands of pilgrims to Mecca on Hajj annually. Kerimov spent $100 million on the construction of the Moscow Cathedral Mosque.
In recent news, Kerimov faced sanctions from the United States Department of Treasury in April 2018. Following the 2022 Russian Invasion of Ukraine, he was further sanctioned by the US, UK, and EU due to his close ties with President Putin.
In response to these sanctions, Kerimov’s son Said Kerimov resigned from the board of Polyus Gold in April 2022, and the family sold its stake in the company worth $6.3 billion, relinquishing the majority shareholder position of Polyus Gold.
Despite the challenges, Kerimov continues to be a significant figure in Russia’s political and economic landscape. His career, marked by strategic investments, political influence, and philanthropic efforts, makes him one of the most influential figures in Russia.
He married Firuza Kerimova, and they have three children.
As of now, there is no information available about Suleiman Kerimov’s social media accounts.
FAQs about Suleiman Kerimov
Is Suleiman Kerimov still involved in politics?
Yes, Suleiman Kerimov has been representing the Republic of Dagestan in Russia’s Federation Council since 2008.
How did Suleiman Kerimov amass his wealth?
Kerimov’s wealth primarily comes from his investments in various companies, including Gazprom, Uralkali, and Sberbank. He also made profitable investments in distressed assets and shares of global banks.
What legal troubles has Suleiman Kerimov faced?
Kerimov faced accusations of money laundering and tax evasion, resulting in a seven-month house arrest in Nice, France, in 2018.
Suleiman Kerimov’s journey from humble beginnings to becoming one of Russia’s richest men is a testament to his business acumen and tenacity. Despite facing challenges and controversies, he has managed to navigate the complex world of politics and finance, amassing a net worth of $11.8 billion which proves his success. Thank you for reading.
Read more: Jeffrey Ubben net worth