Early Life
Suleiman Abusaidovich Kerimov was born on March 12, 1966, in Derbent, Dagestan, USSR. He is of Lezgin descent. His father was a lawyer, and his mother was an accountant. Kerimov showed an early interest in mathematics and exact sciences, graduating from the Dagestan State University with a degree in economics.
Rise to Success
Kerimov's career began in the 1990s with an investment in the Nafta Moskva group. He subsequently acquired significant stakes in major Russian companies, including Gazprom and Sberbank. A pivotal moment in his career was his investment in Polyus Gold, Russia's largest gold producer, which significantly boosted his wealth. Kerimov also served as a Senator, representing Dagestan in the Federation Council of Russia since 2008. His investment strategies often involved leveraging assets and taking positions in key Russian sectors.
Key Business Strategies
Kerimov's key strategies have included strategic investments in distressed assets, acquisition of controlling stakes, and leveraging financial instruments. He demonstrated an ability to identify undervalued assets and make timely exits. His investments in gold mining, particularly through Polyus Gold, have been a cornerstone of his wealth. Additionally, his early investments in major Russian companies like Gazprom and Sberbank have played a key role in his financial success.
Philanthropy
Kerimov established the Suleyman Kerimov Foundation, which supports initiatives to improve the lives of Russian youth, promote projects in socially significant areas, and provide assistance to the poor. Through the foundation, he has donated to the construction of the new Moscow Cathedral Mosque and actively supports the Wrestling Federation.
