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Suleiman Kerimov

$7.8 B
Net Worth Calculated March 2011
  • Age: 45
  • Source: Investments, self-made
  • Residence: Moscow, Russia
  • Country of citizenship: Russia
  • Marital Status: Married
  • Children: 3
Market Update
  • $0.0 
  • $0.0 / 0.0%
  • 52wk high: $null
  • Source: Market Data by Xignite
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Profile

Investor in distressed companies, 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. For repayment of his share he gave Rybolovlev a part of his stake in Polyus Gold. In autumn 2006 he was seriously injured in a car accident after losing control of a Ferrari Enzo on the Promenade des Anglais in Nice. Recovery was prolonged and painful. Reportedly owns three planes and two yachts. more »

Latest News
Dealbook

Morning Take-Out

Daiichi Sankyo to Buy Plexxikon to Aid in Cancer Research The Japanese drugmaker will buy the privately held American firm Plexxikon for $805 million dollars, gaining a late-stage melanoma treatment as it looks to bolster its fledgling cancer pipeline. R [...] more
Reuters

Court halts Russia's $23.9 billion potash merger

MOSCOW (Reuters) - Russian potash miners Uralkali (URKA.MM) and Silvinit (SILV.MM) are set for a legal battle to complete their $23.9 billion merger after a court halted the process following a claim by investor Acron (AKRN.MM). Uralkali (URKAq.L) and Si [...] more
Reuters Mobile

Acron asks Putin to stop potash merger: report

MOSCOW (Reuters) - Russian fertilizer producer, Acron (AKRN.MM), is asking Prime Minister Vladimir Putin, the country's most influential politician, to block a merger between two potash producers, business daily Vedomosti wrote on Friday. Acron has unsuc [...] more
France 24

Russian billionaire 'buys 1.5% of VTB bank'

AFP - Russian billionaire investor Suleiman Kerimov has bought shares worth $500 million (370 million euros) in state bank VTB to become its biggest private shareholder, the Vedomosti business daily reported Thursday. Two funds belonging to Kerimov, a se [...] more
The New York Times

Kerimov Said to Be Biggest Buyer of VTB Stock

Suleiman Kerimov, a Russian billionaire and member of Parliament, became the largest individual shareholder of the state-run bank VTB, buying a $500 million stake in its partial privatization, according to the business daily Vedomosti . The Russian newsp [...] more
Reuters.co.uk

Russia tycoon Kerimov buys into VTB, eyes Sberbank-paper

* Kerimov also to bid for Sberbank stake, Vedomosti sources MOSCOW, Feb 17 (Reuters) - Russian tycoon Suleiman Kerimov bought $500 million worth of shares of Russia's second largest lender VTB (VTBR.MM), business daily Vedomosti reported on Thursday, to [...] more
Reuters.co.uk

UPDATE 2-Cyprus court lifts freeze on $6 bln Russian assets

NICOSIA, Feb 15 (Reuters) - A Cypriot court has revoked a freeze on Russian assets worth $6 billion, including a stake in potash maker Uralkali (URKA.MM) and mining group Polyus Gold (PLZL.MM), because of a serious non-disclosure of facts. The district [...] more
Reuters Mobile

Russian potash firms agree merger -paper

MOSCOW, Feb 7 (Reuters) - Shareholders in Russian potash companies Silvinit (SILV.MM) and Uralkali (URKAq.L) have voted to merge, Russia's Vedomosti newspaper reported on Monday, citing two sources. Shareholders from the two companies met on Friday to [...] more
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Money
Net Worth Over Time
2011
$7.8 B
2010
$5.5 B
2009
$3.1 B
2008
$17.5 B
2007
$14.4 B
2006
$7.1 B
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