Suleiman Kerimov
Moscow, Russia
Bachelor of Arts/Science, Dagestan State University
Russia
investments, Self Made
$8,400,000,000
257
#257 Billionaires 2019
Suleiman Kerimov gets most of his fortune from his 82% stake in Russia's biggest gold producer, Polyus.A trained economist, Kerimov made a career investing in distressed companies in Russia.He cashed out and heavily invested in investment banks such as Morgan Stanley and Goldman Sachs before the 2008 financial meltdown. He lost billions.Kerimov recovered by betting on Polyus.A French court dropped money-laundering charges against Kerimov in June 2018.
A native of Dagestan, Kerimov represents the republic in Russia's Federation Council.To get around a law barring politicians from holding financial assets abroad, he pledged his assets to a Swiss charity and gave shares in Polyus to his son Said; Forbes assumes Kerimov is the true owner.
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