Suleiman Kerimov's net worth according to Forbes Magazine

Net Worth:

$7.8 Billion - As of March 2011

Source:

Businessman, Investor

Citizenship:

Russia

Russian businessman, investor and an active philanthropist, Suleyman Abusaidovich Kerimov, has a net worth of $7.8 billion as of March 2011, according to Forbes’ list of the World’s Billionaires. He has a degree in financial accounting and economics from Dagestan State University. Kerimov is the owner of football club FC Anzhi Makhachkala in Russian Premier League.

He sold nearly all his Russian assets, including shares in Gazprom, government-owned Sberbank and a massive housing development in suburban Moscow prior to Russia’s 2008 financial meltdown. The money allowed him to settle his debts and also to purchase stakes in a few European banks including Royal Bank of Scotland and Fortis as well as Russia’s largest gold mining outfit, Polyus Gold. Has also invested in real estate company PIK. Most recently, in summer 2010, Kerimov together with fellow billionaires Alexander Nesis and Filaret Galchev bought Dmitry Rybolovlev’s controlling stake in Uralkali, the biggest producer of potassium fertilizers in Russia. He reportedly owns three planes and two yachts. Kerimov was born March 12, 1966 in Derbent, Dagestan (USSR) now a member of the Federation Council of Russia.

Following his car crash in autumn 2006 and resulting medical treatment for severe burns, Kerimov donated €1 million to the non-profit organisation Pinocchio. In 2007, Kerimov founded The Suleiman Kerimov Foundation with the vision to help lives by investing in initiatives that strengthen communities and help those in need. The Suleiman Kerimov Foundation has directed over $60 million to charitable causes.