Early Life
Arsen Bashirovich Kanokov was born on February 22, 1957, in Shitkhala, Kabardino-Balkaria, Russia. His parents were working-class, with his mother being a medical assistant and his father working in agriculture. Kanokov graduated from School No. 1 of Nartkala and later pursued higher education at the Plekhanov Russian University of Economics, where he earned a degree in 1981. After serving in the Soviet Army, he began his career in the Moscow fruit and vegetable association.
Rise to Success
Kanokov's entrepreneurial journey began in 1987 when he became a shop manager. In 1991, he founded the Sindika holding company, which expanded into real estate, finance, and trade. Kanokov served as the President of Sindika from 1994 to 1998. His business acumen and organizational skills led him to purchase a 30% stake in ZAO Centrocredit Bank. In 2003, he was elected as a deputy of the State Duma of the Russian Federation.
Key Business Strategies
Kanokov's key business strategy has been centered around the Sindika Group, which developed into a significant real estate holding. This group owns 35 shopping centers in southern Russia and eight hotels. He expanded his investments by acquiring shares in companies like Starbucks, OBI, and McDonald's after they decided to exit Russia. Kanokov's focus on real estate and strategic acquisitions has been pivotal in his wealth accumulation.
Philanthropy
Kanokov has been known for his generous philanthropic contributions. He has used his personal funds to erect a temple and a mosque, and supported the restoration of the Elbrus restaurant and Intourist hotel. He provides material assistance to charitable events, sponsors families with many children, and supports football teams, including PFC Spartak Nalchik.
