Residence Moscow, Russia Name Zarakh Iliev Children 2 | Occupation Property developer Nationality Russian | |
Net worth $4.2 billion (February 2015) | ||
Zarakh Iliev Bension (born 8 September 1966 in Krasnaya Sloboda, Azerbaijan Soviet Socialist Republic, USSR) is a Russian billionaire property developer.
Contents
Early life
Zarakh Iliev was born in Azerbaijan.
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. They later diversified into building hotels in Moscow and elsewhere in Russia and have real estate totalling 14 million square feet. For example, they acquired the Lotus City shopping centre in suburban Moscow in 2013.
Nisanov and Iliev own the Radisson Royal Hotel, Moscow and the Radisson SAS Slavyanskaya Hotel in Moscow. 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.
Personal life
He is married with two children and lives in Moscow, Russia.