In 2007, Kerimov established the Suleyman Kerimov Foundation as a vehicle to focus his philanthropic efforts. Since 2008, Kerimov has represented the Republic of Dagestan in the Federation Council of Russia. In April 2018, he was placed under sanctions by the United States Department of Treasury.
Who is Kamil Kerimov and what does he do?
Since 2008, Kerimov has served as a member of the Federation Council of the Federation Assembly of the Russian Federation — the upper house of the Federation Assembly— and represents the Republic of Dagestan.
How much of Sberbank does Karim Kerimov own?
By 2008, Kerimov had amassed a 5% stake in Gazprom, a 6% stake in Sberbank, along with an estimated fortune of $17.5 billion, making him the 36th richest man in the world. However, in mid-2008, Kerimov sold all his Gazprom and Sberbank shares.
How did Kramarik Kerimov pay off his loan?
Within the next year, share prices for the Russian gas company doubled and Kerimov was able to pay off the entirety of the loan within four months. In 2004 Sberbank, now the largest bank in Russia and Eastern Europe, provided Kerimov with a loan of $3.2 billion., which was later repaid, and these funds were also invested in equities.
Who is Sergei Kerimov and what did he do for Russia?
In 1993, Kerimov was put in charge of handling relations between Eltav and Fedprombank, a Moscow bank established by the electrical company. Fedprombank financed lagging industries and Kerimov and his associates soon became creditors to large utility companies, allowing them to continue to provide key services.
How did Kerimov recover from the crash?
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.
How many children and siblings does Qasem Kerimov have?
Not much is known about Kerimov’s siblings. Kerimov met his future wife while they were both studying at Dagestan State University. She is the daughter of middle-ranking former Communist Party boss. Kerimov has 3 children (2 daughters and 1 son).
