Suleiman Kerimov – Billionaire
| Suleyman Kerimov | |
|---|---|
 |
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| Born | March 12, 1966 Dagestan, USSR |
| Residence | Moscow, Russia |
| Nationality | Russian |
| Alma mater | Dagestan State University |
| Net worth |  US$8.4 billion (January 2017) |
| Children | 3 |
| Website | The Suleyman Kerimov Foundation |
Suleyman Abusaidovich Kerimov (Russian: Сулейма́н Абусаи́дович Кери́мов; IPA: [sʊlʲɪjˈman ɐbʊsɐˈidəvʲɪtɕ kʲɪˈrʲiməf]; Lezgian: Керимрин Абусаидан хва Сулейман), Lezgin, born March 12, 1966 in Derbent, Dagestan, USSR, is a Russian businessman, investor and politician. Since 2008, Kerimov has represented the Republic of Dagestan in the Federation Council of Russia.
Education
Kerimov graduated from high school in 1983, and following this enrolled in the Civil Engineering Department at Dagestan Polytechnic Institute in 1984, though his obligatory military service for the Soviet Army brought his studies to a halt just one year later. After completing his service in 1986, Kerimov continued his studies at Dagestan State University, where he graduated with a degree in financial accounting and economics in 1989. During his studies he was Deputy Chairman of DSU’s Trade Union Committee. It was also at university that Kerimov met his wife, Firuza, the daughter of a former Trade Union leader.
Kerimov has stated to have dreamed of making money from an early age, an ambition that prompted him to later move from his native Dagestan in the early 1990s.
Career
Early career
Soon after his university graduation in 1989, Kerimov took a job as an economist at the Eltav electrical plant in Makhachkala, the capital of Dagestan. The state-controlled plant supplied transistors and semi-conductors to television-makers, while also producing diodes, microchips and halogen lamps. Kerimov was paid 150 roubles (approximately $250 dollars) a month and he and his wife lived in a worker’s hostel attached to the plant, where they shared one room of a two-room flat.
Eventually, Kerimov rose to the rank of Deputy Director General at Eltav and began to dabble in investing alongside during the fall of the Soviet Union.
Fedprombank
In 1993, Kerimov was put in charge of handling relations between Eltav and Fedprombank, a Moscow bank established by the electrical company. Fedprombank financed lagging industries and Kerimov and his associates soon becames creditors to large utility companies, allowing them to continue to provide key services. Once the Russian economy stabilized, the debts were repaid with hefty returns for Fedprombank and, consequently, Kerimov.
In 1995, Kerimov was appointed to head the banking and trading company Soyuz-Finans, and by 1997, Kerimov had built a 50% stake in Vnukovo Airlines and used his leverage to take over Fedprombank, buying out his partners’ shares.
Source:wikipedia