Not only Ziyavudin Magomedov is famous for the accusation of contract killing, but also for his billionaire status in Russia. In addition, this year, he was arrested for “racketeering and embezzlement of state funds”.
Ziyavudin Magomedov is the Chairman of an investment company called Summa Group. Ziyavudin Magomedov brother Magomed Magomedov co-owns the business and both siblings were charged with the pre-mentioned crimes.
This Russian business tycoon was suspected of embezzling $35 million (2.5 billion rubles) through different companies owned by Summa Group. However, the investigators couldn’t locate the money.
Ziyavudin denied the accusation saying,
“I categorically disagree with the charges presented … The prosecution case does not stand up to scrutiny.”
Interestingly, the case took a new turn with the suspicion of Magomedov brothers’ embroilment in Andrey Kozlov’s murder- the deputy chairman of the Central Bank.
The investigation of financial fraud led to the exposition of a series of contract killing. But was Ziyavudin Magomedov innocent? What happened to those allegedly hidden millions of dollars?
Let’s look what happened to this case. In addition, get an update of Ziyavudin Magomedov’s age, bio, wiki, and net worth of 2018.
Furthermore, see this Ziyavudin Magomedov house and wife along with his family, children, marriage, and son.
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Ziyavudin Magomedov Wiki Bio
Born on 25 September 1968, Ziyavudin Magomedov full name is Ziyavudin Gadzhievich Magomedov. Ziyavudin Magomedov resides in Makhachkala, Dagestan and this high profile alleged culprit is associated with the Soviet Union.
Alike many entrepreneurs, Ziyavudin Magomedov is a self-made millionaire. Currently aged 50, this business mastermind was educated at Moscow State University where he earned his bachelors and Ph.D. degree on international economics in 1994 and 2001 respectively.
Ziyavudin Magomedov company Summa Group is a conglomerate that manages businesses relating to engineering, construction, telecom, oil, and gas.
Ziyavudin Magomedov Net Worth
Though his suspected ill-deeds received far more coverage than his altruism, Magomedov is a philanthropist with a noble history of charity.
Ziyavudin Magomedov has funded for the digitalization of 2000 Jewish manuscripts. In addition, he is active as a board of trustee in Bolshoi Theatre and in Russian Tennis Federation. For his generosity, he was awarded Medal of Honour in 2012 and an Order of Friendship in 2010.
In 2011, the Finance Magazine proclaimed Ziyavudin Magomedov net worth was US$3 billion. However, probably because of the unexpected hit on his reputation, Ziyavudin Magomedov net worth in March 2018 was only US$1.25 billion.
Likewise, as of now on September 26, 2018, Ziyavudin Magomedov net worth as estimated by Forbes Magazine, is around US$ 1 billion.
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Ziyavudin Magomedov wife, family, and son
Ziyavudin Magomedov and all his family members follow Muslim religion. Ziyavudin Magomedov is a married man and together with his wife, this 50-year-old has 3 children.
Ziyavudin Magomedov eldest son, Daniyal, is 19 years old and he is often found in London with his girlfriend. Ziyavudin Magomedov also owns a private jet and fancy cars.
On the other hand, Ziyavudin Magomedov wife’s name is Olga Magomedov and Ziyavudin Magomedov wife Olga Magomedovshe is a close friend of the infamous fashion designer Alena Akhmadullina.
On April 16, Ziyavudin Magomedov case was dismissed by the court with a bail of $1 million.
Ziyavudin Magomedov age, birthday, height weight, wife, nationality, ethnicity, and religion
Name | Ziyavudin Magomedov |
Age | 50 years |
Birthday | 25 September 1968 |
Height | N/A |
Weight | N/A |
Married | Yes |
Wife | Olga Magomedov |
Nationality | Russian |
Ethnicity/ Religion | Muslim |
Net Worth | Above 1 billion |
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