Zelimkhan Mutsoev Net Worth

How much is Zelimkhan Mutsoev Worth?

in Richest BusinessmenRichest Billionaires
Zelimkhan Mutsoev net worth:
$1.3 Billion

Zelimkhan Mutsoev Net Worth: Zelimkhan Mutsoev is a Russian businessman who has a net worth of $1.3 billion. Mr. Mutsoev accumulated the better part of his net worth through his lucrative investments in fertilizers and real estate. Today, the Mutsoev family controls the Regions Group, which holds an 8.1% stake in major fertilizer producer, Uralkali, and owns dozens of Russian shopping centers. A self-made billionaire, Zelimkhan Mutsoev made his beginnings driving a dump truck on construction sites right after he finished school. It was in the late 1980s that he decided to found his own clothing manufacturer. Off to a good start, he went on to acquire a part of Pervouralsk, a factory that produces pipes and tubes, by the late 1990s. In 2004, he sold his controlling stake in the factory to ex-billionaire Andrey Komarov's ChTPZ group. In February 2013, he joined billionaire Gavril Yushvaev in the acquisition of a 38% stake in Russian gold producer Polyus Gold, a company that is registered in Jersey. But because Mutsoev has been a member of the State Duma since 1999, he has gone through some issues for participating in the Polyus Gold buy-out. The problems occurred along with the passing of a new law that barred members of the Russian government to own assets abroad. Mutsoev still managed to make a way around the law claiming to have sold his 18.5% stake in the company to his brother. Next, he sold his 8.1% stake in Russian fertilizer producer Uralkali, right after the so-called "potash war."

Zelimkhan Mutsoev Net Worth
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
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