Ziyavudin Magomedov

Ziyavudin Magomedov was born in 1968 in Makhachkala, Dagestan.[3] In 1993 he earned a bachelor's degree in international economics from Moscow State University.[1]

From 1994 to 1998, Magomedov was the President of IFC - Interfinance.[4]

In 2006, "Slavia" controlled by Magomedov, bought 76% of shares of "Yakutgazprom" for 628.5 million rubles. In 2006, "Summa Telecom" controlled by Magomedov and his brother, Magomed, received frequencies in the 2.5-2.7 GHz band for the provision of wireless technology WiMax throughout Russia, but there were problems with the use of those frequencies.[5]

In 2010, he became the representative of Russia in APEC and in 2012 Chairman of ABAC, the APEC Business Advisory Council.[4]

In January 2011, Magomedov with "Transneft" acquired company Kadina Ltd, which owned the majority (50.1%) of NCSP. In 2016 Ziyavudin bought MMA promotion Fight Nights Global and made the commercial company "Eagles MMA" for sponsoring MMA fighters.[6]

In the 2011 Finance magazine list, he had an estimated net worth of US$3 billion.[7]

In 2012 Magomedov's Summa Group bought a 50% minus one share stake in the United Grain Company.[8] In 2014, the company agreed to trade grain worth $500 million for oil with Iran.[9]

Since October 2010, he is the chairman of board of trustees of the Russian Tennis Federation.[10]

On 31 March 2018, while preparing to fly to the United States,[11] Magomedov was arrested and charged with "racketeering and embezzlement of state funds" by Ministry of Internal Affairs of Russia. Magomedov denies the charges, but a Moscow court ruled on 31 March 2018 that he will remain in pre-trial custody, without bail, until 30 May 2018.[12][13][14] His detention was later extended until November 2018.[15]

• Medal of Honour (Russia) (18 April 2012)[16]
• Presidential Certificate of Merit for his work on renovating the Bolshoi Theatre (2012)[4]
• Order of Friendship (Russia) (March 2010)[10]

Magomedov is married, with three children, and lives in Moscow.[1]