Ziyavudin Magomedov

From Wikipedia, the free encyclopedia
In this Eastern Slavic naming convention, the patronymic is Gadzhievich and the family name is Magomedov.
Ziyavudin Magomedov
Born25 September 1968 (1968-09-25) (age 53)
Makhachkala, Dagestan ASSR, Russian SFSR, Soviet Union
NationalityRussian
EducationMoscow State University
OccupationBusinessman
Spouse(s)Married
Children3
Websitewww.summagroup.ru/en/

Ziyavudin Gadzhievich Magomedov (Russian: Зиявудин Гаджиевич Магомедов, born 1968) is a Russian billionaire businessman. He is the main owner of the privately-held investment company Summa Group.[2] In March 2018, he was arrested and charged with "racketeering and embezzlement of state funds".

Early life[]

Ziyavudin Magomedov was born in 1968 in Makhachkala, Dagestan.[3] In 1993 he earned a bachelor's degree in international economics from Moscow State University.[1]

Career[]

From 1994 to 1998, Magomedov was the President of IFC - Interfinance.[4]

In 2006, "Slavia" controlled by Magomedov, bought 76% of shares of "Yakutgazprom" for 628.5 million rubles. In 2006, "Summa Telecom" controlled by Magomedov and his brother, Magomed, received frequencies in the 2.5-2.7 GHz band for the provision of wireless technology WiMax throughout Russia, but there were problems with the use of those frequencies.[5]

In 2010, he became the representative of Russia in APEC and in 2012 Chairman of , the APEC Business Advisory Council.[4]

In January 2011, Magomedov with "Transneft" acquired company Kadina Ltd, which owned the majority (50.1%) of NCSP. In 2016 Ziyavudin bought MMA promotion Fight Nights Global and made the commercial company "Eagles MMA" for sponsoring MMA fighters.[6]

In the 2011 Finance magazine list, he had an estimated net worth of US$3 billion.[7]

In 2012 Magomedov's Summa Group bought a 50% minus one share stake in the United Grain Company.[8] In 2014, the company agreed to trade grain worth $500 million for oil with Iran.[9]

Civic activities[]

Since October 2010, he is the chairman of board of trustees of the Russian Tennis Federation.[10]

2018 arrest[]

On 31 March 2018, while preparing to fly to the United States,[11] 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.[12][13][14] His detention was later extended until November 2018.[15] As of March 2021 he is still in jail.

Awards[]

Personal life[]

Magomedov is married, with three children, and lives in Moscow.[1]

References[]

  1. ^ a b c "Forbes profile: Ziyavudin Magomedov". Forbes. Retrieved 1 April 2018.
  2. ^ "Summa Group". www.summagroup.ru. Retrieved 1 April 2018.
  3. ^ Vinogradov, Sergey (2012-09-19). "A port to withstand the storm". Retrieved 2018-04-03.
  4. ^ a b c "Ziyavudin Magomedov". www.summagroup.ru (in Russian). Retrieved 2018-04-03.
  5. ^ Starinskaya, Galina; Sinitsyna, Irina; Mukhametshina, Elena; Bocharova, Svetlana (3 April 2018). Как братья Магомедовы складывали «Сумму» [How the Magomedov brothers squeezed the "Summa"]. Vedomosti (in Russian). Archived from the original on 13 April 2018.
  6. ^ "Арестован главный спонсор Хабиба. 7 дней до боя Нурмагомедов – Фергюсон". matchtv.ru. Retrieved 1 April 2018.
  7. ^ ""Финанс." Рейтинг российских миллиардеров 2011". «Финанс.». Retrieved 1 April 2018.
  8. ^ "UPDATE 1-Russia's Summa buys into the grain big league". Reuters. 2012. Retrieved 26 August 2017.
  9. ^ "UPDATE 2-Russia may exchange grain worth $500 mln for Iranian oil". Retrieved 26 August 2017.
  10. ^ a b "Ziyavudin Magomedov has been elected the Chairman of the Board of Directors of NCSP". www.nmtp.info. Retrieved 2018-04-03.
  11. ^ "Russian Billionaire Arrest Jolts Stocks, Fuels Cabinet Shake-Up Speculation". Bloomberg.com. 2018-04-02. Retrieved 2018-04-03.
  12. ^ Seddon, Max (March 31, 2018). "Russian billionaire charged with embezzlement". Financial Times. Retrieved April 1, 2018.
  13. ^ Nikolskaya, Polina (March 31, 2018). "Russian tycoon Magomedov arrested on embezzlement charges". Reuters. Retrieved April 1, 2018.
  14. ^ Reuters Editorial. "Russian tycoon Magomedov to stay in pre-trial custody until May". U.S. Retrieved 2018-04-03.
  15. ^ "Summa Group owner to remain detained in embezzlement case". RAPSI. Retrieved 2018-09-04.
  16. ^ "Presidential Decree of April 18, 2012 № 458 "On conferring state awards of the Russian Federation"". pravo.gov.ru. Retrieved 1 April 2018.
Retrieved from ""