Ziyavudin Magomedov, in terms of fortune for 2017, ranked 63rd in the list of the richest Russian managers. His arrest became a sensation, as did the charges against him. Where is Magomedov now, how is the investigation in his case progressing?
The manager, owner of several large companies, cousin of the famous Russian politician and businessman Bilalov was arrested in 2018. And only after that the public had questions to this person. How did a native of an ordinary Dagestan family manage to achieve such heights in business? What is he accused of? What news is there on the Magomedov case to date?
Biography of Ziyavudin Magomedov
Ziyavudin Magomedov is a native of Dagestan. He was born into the family of a surgeon and teacher, Avars by nationality, at the end of September 1968. In addition to him, the parents had four more children.
At school, the boy was no different from his classmates. The family was dominated by national priorities, but in addition to strength, "honor" was knowledge. Ziyavudin studied perfectly, he did not have time for only one subject - the guy was hard at English, but he coped with this problem.
The young man began to earn money while still in high school. He did not ask for money from his parents since the 9th grade, he earned it at the Makhachkala radio plant. Having received a certificate of secondary education, and with good grades, Magomedov went to Moscow. His older brother already lived and studied there at that time. Like him, Ziyavudin entered the Lomonosov Moscow State University, the Faculty of Economics. Unlike other representatives of the Caucasus, the Magomedov brothers lived in a hostel, and did not rent an apartment. The guys have never been "majors", they paid a lot of attention to their studies, but they did not refuse simple student fun either.
Career of Ziyavudin Magomedov
In 1993 Ziyavudin Gadzhievich graduated from the university. But his career as an entrepreneur started a couple of years earlier. Parents helped the students, but the young people considered it wrong to take money from their father and mother for food and clothes, they tried to find other sources of income. The first steps in this area were the sale of computers and components for them. It was this direction that brought Magomedov his first million.
Already 13 years after graduation, Ziyavudin headed the board of directors of a group of companies called Summa, which was engaged in logistics, construction in the oil and gas industry. The company's assets included commercial sea ports, transport groups, telecommunications associations and other stable business areas.
Ziyavudin Magomedov and his companies were engaged in the reconstruction of the Bolshoi Theater, the entrepreneur opened a charitable foundation at his own expense, in 2013 he became a member of the board of trustees of the largest Russian expert and analytical center Valdai.
Ziyavudin Magomedov's condition
Ziyavudin Gadzhievich himself argued that even he himself was unable to calculate his condition. The billionaire assured that all the funds earned are constantly in circulation. But financial analysts were able to determine the size of his fortune, compile a list of the businessman's movable and immovable property.
According to official data and declarations, Magomedov became a billionaire back in the 2000s. In 2011, he was already included in the list of the richest people in the Russian Federation, at that time he took 88th place in this list.
In 2017, just a year before his arrest, he climbed to 63rd place. In addition to financial assets, Ziyavudin has a luxurious mansion in England, but he owns it on an equal footing with his brother. In the capital of the Russian Federation, he has several real estate objects, as well as in his homeland - in Makhachkala. There is no information about cars in the public domain, but Magomedov's presence of a luxury yacht was confirmed both by documents and by the entrepreneur himself in one of the interviews.
For flights for business and personal needs, the billionaire uses his own plane, but it is registered as an administrative one, that is, it is listed in the company's assets.
After the arrest of Magomedov, it turned out that, in addition to a large fortune, he also had debts. For example, the founder of one of the largest Russian telecommunications companies took a fuel and energy company in Yakutia from Ziyavudin Magomedov as a debt.
Personal life of Ziyavudin Magomedov
The businessman is married and has three children. He met his future wife Olga Magomedov when he was still studying at Moscow State University. We can safely say that they came to success in entrepreneurship together. Olga Magomedova has always been concerned only with children and home, devoted all of herself to taking care of her husband. His development, providing a "reliable home front", but after the arrest of her husband, she unexpectedly filed for divorce. Experts are sure that this decision was joint, such a decisive step was needed in order to save at least part of the billionaire's fortune from confiscation.
The children of the Magomedovs were born with a difference of about 5 years, and all three - in 1999, the eldest daughter was born, in 2005 - the first son, in 2010 the second. The children never appeared in public with their mother, a lover of social events. It is almost impossible to find their photos in the public domain.
Criminal prosecution of Ziyavudin Magomedov
Today, a successful businessman has become disgraced. In 2018, a scandal erupted around his name - he was accused of massive embezzlement of budget funds, fraud and other illegal acts.
Together with Ziyavudin, his brother Magomed Magomedov was arrested. After several months of investigation, they were charged with organizing an entire criminal community. Moreover, their arrest for some time cast doubt on the political honesty of many representatives of the Russian government, with whom they were friends and communicated in the business "field."
