Zarakh Iliev

Zarakh Iliev
Born Azerbaijan, Soviet Union
Residence Moscow, Russia
Nationality Russian
Occupation Property developer
Net worth $4.2 billion (February 2015)[1]
Children 2

Zarakh Iliev is a Russian billionaire property developer.

Early life

Zarakh Iliev was born in Azerbaijan.[1]

Career

Together with his business partner, fellow Azerbaijani God Nisanov, Iliev started by building markets near metro stations in Moscow and later turned these into shopping centres in the early 1990s.[2] They later diversified into building hotels in Moscow and elsewhere in Russia and have real estate totalling 14 million square feet.[1] For example, they acquired the Lotus City shopping centre in suburban Moscow in 2013.[3]

Nisanov and Iliev own the Radisson Royal Hotel, Moscow and the Radisson SAS Slavyanskaya Hotel in Moscow.[1] In 2005, Nisanov acquired the Radisson Royal Hotel, Moscow, a luxury hotel formerly known as the Ukrainian Hotel and commissioned by Joseph Stalin, for £59 million during an auction.[4]

Personal life

He is married with two children and lives in Moscow, Russia.[1]

References

  1. 1 2 3 4 5 "Zarakh Iliev". Forbes. Retrieved 10 February 2015.
  2. ↑ "Forbes".
  3. ↑ Lotus City Shopping Mall Sold to Iliyev and Nisanov, The Moscow Times, December 3, 2013
  4. ↑ Stalin's grand hotel sells for £59m, The Daily Telegraph, 25 November 2005
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