Ziyavudin Magomedov, whose biography is closely related to business, is a solid and well-known businessman in our country. One of the owners and at the same time director of the Summa Group company, which owns Stroynovatsiya and Summa Telecom. In addition to them, in its assets - twenty-five percent of the shares of the Novorossiysk Sea Port. Summa Group is one of the largest and most opaque holdings in Russia. From 2011 to 2012, Magomedov chaired the board of directors of NCSP.
Childhood
Magomedov Ziyavudin was born on September 25, 1968 in the Dagestan Autonomous Soviet Socialist Republic, in Makhachkala. His father worked as a surgeon, and his mother as a teacher. In addition to Ziyavudin, the family had three more children. His older brother, Magomed, subsequently became a member of the Council of the Federation of Russia from the Smolensk region.
Education
After school, Ziyavudin Magomedov entered the Moscow University for the Humanities, Faculty of Economics, majoring in World Economics. He graduated from this institution in ninety-fourth. Six years later, at the same time, at the Moscow University for the Humanities, Ziyavudin defended his thesis for the degree of candidate of sciences on the topic of the modern activities of banks.
Start of business
He began to do business as a first-year student. From 1988 to 1989, Ziyavudin, with hostel neighbors and classmates, organized the sale of electronic and technical devices from the Soviet Union in Poland.
In 1993, together with partners, including his siblings and cousins (Magomed and Akhmed), he created the company IFK-Interfinance. She began to bring her first tangible money thanks to her collaboration with large industrial associations, from which she took foreign currency loan bonds for management and provided stable income for these companies. By the mid-nineties, the company IFK-Interfinance had one hundred and fifty million of its own funds.
Banking and Finance
From 1994 to 1998, Ziyavudin Magomedov, whose photo is in this article, was the president of IFK-Interfinance. In 1995, Diamond Bank was bought for its assets. Ziyavudin became a member of the board of directors and one of the main shareholders. “Diamond” went bankrupt in 1998. The chairman of the board, Alexei Frenkel, was accused of this.
Some media outlets confidently wrote that after the devastation of the Diamond, Frenkel even received threats against him from the Magomedovs. But Ziyavudin denied this. And whether the former chairman of the board appealed to the court is not known for certain.
Trade in petroleum products
Since 1997, Magomedov Ziyavudin decided to engage in trade in petroleum products. First, he bought a five percent stake in Nizhnevartovskneftegaz. Gradually, Magomedov acquired three large oil trading companies: Staroil, Soyuz Petroleum and Europetroleum. From 2004 to 2005, he was chairman of the board of directors of Trans-Oil.
Seaside Commercial Port
Thanks to cooperation with Transneft, Magomedov Ziyavudin Gadzhievich became almost the full owner of the Primorsky commercial port. The construction of the BPS (Baltic Pipeline System) has long begun. Oil companies financed the project. To start construction it was necessary to determine the end point of the pipeline. Oil companies fiercely argued where it would be located.
The point in the dispute was put by V. Putin, calling Primorsk. This was the land on which the pipeline belonging to the Mari Engineering Plant and Gennady Timchenko was to be built.But they unexpectedly sold their land to Magomedov. Transneft only built the pipeline to the border with Ziyavudin’s lands.
One of his companies took a loan. And after the construction of the third and fourth terminals, Ziyavudin Magomedov became the almost sovereign owner of the Primorsky commercial port. At the same time, Ziyavudin is one of the largest contractors of Transneft and some other projects.
Over time, the Seaside Commercial Port became the first largest asset of the Summa Capital holding (it was renamed from the Group in August 2011). In the hands of Magomedov was a controlling stake (50.1%) of NCSP. And the remaining forty-nine percent remained with Transneft. As a result of the successful transaction, Ziyavudin began to control seventy percent of Russian oil exports. And taking into account work with Transneft on all projects, Ziyavudin’s financial portfolio amounted to almost sixty billion rubles.
Newspaper Duck
Ziyavudin Magomedov and his wife more than once fell under the sharp feather of journalists. Over the past few years, more than one bucket of mud has been poured on them. For example, in 2008, a foreign newspaper published information that Ziyavudin did not want to leave the Federation Council because of the scandal about the theft of Lukoil’s funds. At the same time, the publication hinted that Magomedov was associated with the Dagestan mafia. Ziyavudin sued the newspaper and in 2010 won a lawsuit against her, defending his business honor and reputation.
Assets of the holding "Sum Capital"
In addition to the Novorossiysk Commercial Sea Port, the assets of the Summa Capital holding include a number of other enterprises and organizations:
- bakery;
- YATEK (Yakutsk Fuel Energy Company);
- Pavlovskoye deposit of lead and zinc on Novaya Zemlya;
- mining company;
- Summa Telecom;
- Stroynovatsiya company.
At the end of 2011, the Summa Capital holding won the tender for the construction of the Rotterdam oil terminal. It was necessary to invest a billion dollars in its development. But as a result, Magomedov Ziyavudin got the opportunity to send oil from his Russian port and receive it in his own overseas terminal. And this significantly strengthened his position as an oil trader.
Dvorkovich and Magomedov
Ziyavudin Magomedov in an interview confirmed that they have been friends with Arkady Dvorkovich since his student days. They studied together at the Faculty of Economics of Moscow State University. Since then, maintain friendly relations.
From 2004 to 2008, Arkady Dvorkovich was a member of Transneft’s directors. During this period, the Stroynovatsiya company, owned by Magomedov, received large government orders. For example, it was she who was engaged in the replacement of a thousand two hundred kilometers of the oil pipeline trunk line. And also took part in the construction of the pipeline. But the largest Stroynovatsiya project was received after Arkady Dvorkovich left the Transneft board of directors. But their friendship with Magomedov was not built solely on joint business.
Expanding a Business Empire
In 2006, Slavia, the company controlled by Magomedov, bought seventy-five percent of the shares in Yakutgazprom, laying out over six hundred million rubles for securities. This big purchase immediately became the focus of the Department of Economic Security of the Russian Federation (DEB). Moreover, the company Alrosa, which bought Yakutgazprom for seventeen million dollars, claimed that the deal was illegal and was committed in collusion with the company's management and Magomedov.
Russia’s DEB had to verify information and issue a resolution on the beginning of operational and search operations due to fraud in the purchase of shares in Yakutgazprom. But the case was soon hushed up, and Ziyavudin Magomedov was recognized as the owner of a controlling stake in securities.
In 2006, the Summa Capital holding received frequencies in the WiMax radio frequency range of wireless technology, which was to be used throughout Russia.And in 2007, he won the next contest, as a result of which he received thirteen licenses for eleven regions of the Far East and the Urals. As a comparison, VimpelCom received only three licenses.
But Ziyavudin did not manage to build WiMax Magomedov, as the state commission changed the decision on the issued frequencies to Sum Capital. The holding is now trying to regain the selected. Meanwhile, the state commission issued frequencies to the Skartel company and allocated a range for the LTE network.
In 2012, Summa Capital was the only contender for Domodedovo International Airport. Moreover, the media wrote that Ziyavudin wanted to buy the railway carrier Transgarant and fifty percent of the shares of the United Grain Company. As soon as Magomedov became a prominent figure among Russian businessmen, his name began to be associated with the Dagestan clan, which included Suleiman Kerimov. However, this information has not received official confirmation.
Political scientists were convinced that reliance on state-owned companies and political support were the weakest points in Magomedov’s business. It was assumed that as soon as Putin came to power in the country, the situation would change, and Ziyavudin’s business would begin to disintegrate. But that did not happen. And at the moment, the empire of Magomedov continues to flourish. His holding Summa Capital is not only one of the most closed, but also the most influential in Russia. The company constantly participates in various tenders and competitions for construction and reconstruction.
Despite the closeness, the influence of the Suma Capital holding on the modernization of the country and its economy is enormous. The main directions of the company are transport, logistics, construction. At the same time, the holding has grown so much that it can quite afford a small fleet of its own.
Financiers are sure that Summa Capital is an excellent combination of productive collaboration with the state and big profits. But Magomedov does not stop there. His dream is to create a global investment company. And now he is taking all measures to implement this.
Gift to Habib
When a mixed martial arts fighter flew to Moscow, he was met by Russian philanthropist and businessman Ziyavudin Magomedov. Habib did not even expect such attention and a gift - the Mercedes AMG GT S. Ziyavudin not only supports educational and sports projects. He is the owner of the promotion company Fight Night, which organizes fighting fights and is engaged in the development of mixed martial arts in Russia.
Ziyavudin Magomedov: state of finance
BCS (brokerage company) estimated the “Sum Capital” from 3 to 5 billion dollars. True, the amount of personal funds was not disclosed. And Ziyavudin himself did not name the other shareholders. But he said that among them is his brother. With an increase in Summa Capital’s assets, Magomedov’s fortune also grew. In 2009, it was estimated at seventy million dollars. In 2010 - eight hundred million, and in 2011 - already three billion. In 2012, In the Forbes ranking among the richest Russian businessmen, Ziyavudin was in one hundred and eleventh place.
Personal life
Olga Magomedova - wife of Ziyavudin Magomedov – professional actress and model. They live in a happy marriage. Olga – not only a model and actress, but also a singer. Periodically arranges small concerts. Ziyavudin Magomedov, whose family looks exemplary, spares no money on his wife’s hobbies and supports her in everything. Ziyavudina conquered not only her appearance. Olga is very efficient and active, which impresses Magomedova, since he himself is a workaholic and often spends a lot of time doing business.
Ziyavudin very much appreciates the sense of responsibility of his wife, her endurance and patience. Olga loves swimming, and can overcome long distances. Some time ago, she even sponsored one of the Moscow children's swimming schools. She also has excellent fencing, knits and rides a motorcycle like a real sportsman.In his free time he likes to play the piano works of classics. Olga and Ziyavudin had three children.
Awards
By order of D. Medvedev, Ziyavudin Magomedov was awarded the Order of Friendship in the spring of 2010. In 2011, he received a certificate of honor from the President of Russia for his assistance in the restoration of the Bolshoi Theater. And a year later, Ziyavudin was awarded the Order of Honor for the restoration of the St. Nicholas Cathedral in Kronstadt.
Activities in recent years
Ziyavudin Magomedov today is engaged in the preservation of creativity in his native land. Promotes charitable foundations that perpetuate art and folk songs. At the expense of Ziyavudin, various events, contests are held, books and video materials about famous creative personalities are published. Ziyavudin stands for the preservation of his native language, culture and values. Since 2013 - Member of the Board of the Valdai Club Support and Development Fund.
In autumn 2010, Ziyavudin Magomedov became chairman of the Federation Council of the Russian Federation on tennis. A little later, he represented Russia at the APEC forum. Ziyavudin is engaged in charity work and does not disregard the Support Fund for Russian Olympic Champions. Member of the board of trustees of the All-Russian State Institute of Cinematography, the Ministry of Foreign Affairs of the Russian Federation, and the EUSPB Fund. Magomedov - member of the INF Treaty since 2012. He is a member of the Council on Innovations and Modernization of the Development of the Russian Federation under the President and at NITU MISiS.
