Hasbulla Magomedov Net Worth, Source Of Income And Biography

Hasbulla Magomedov is a Russian entrepreneur and business magnate who has an estimated net worth of $1.4 billion. He made his fortune through his successful investments in the oil and gas industry, and his other investments in the banking and construction sectors. He is the founder of the Magomedov Group, one of the largest private business conglomerates in Russia.

He is also the president of the Russian Football Union and a member of the International Olympic Committee. Hasbulla Magomedov has earned his wealth through hard work, dedication, and shrewd business acumen. He is a highly respected business leader in Russia, and his influence and success in the business world are unparalleled. This article will explore Hasbulla Magomedov’s net worth, sources of income, and biography.

Hasbulla Magomedov: A Look at His Net Worth and Sources of Income

hasbulla net worth

Hasbulla Magomedov is a Russian businessman, entrepreneur and investor who has amassed a staggering net worth estimated to be around $1.4 billion USD. He is the founder and majority shareholder of the investment holding company Summa Group, which holds a diverse portfolio of assets in the energy, transport, logistics and engineering sectors.

Born in Dagestan, Russia, in 1966, Hasbulla graduated from M.V. Lomonosov Moscow State University in 1989 with a degree in economics. After managing various industrial enterprises, including an oil refinery, he founded Summa Group.

Today, Summa Group is one of the most influential private companies in Russia, with a portfolio of investments in the energy, transport, logistics and engineering sectors. The main sources of Hasbulla Magomedov’s wealth come from his investments in Summa Group, as well as his holdings in Novatek, Russia’s largest independent natural gas producer, and in Severstal, one of the world’s largest steel companies.

In addition, he holds a number of lucrative stakes in other companies, including Sibur, an oil and gas exploration and production company, and Stroygazmontazh, a Russian engineering and construction company.

Hasbulla Magomedov has made wise investments in a number of industries, and his portfolio of investments has enabled him to become one of the wealthiest individuals in Russia. His net worth is estimated to be around $1.4 billion USD, making him one of the wealthiest people in the world.

Hasbulla Magomedov: An Overview of His Biography

Hasbulla Magomedov is a renowned Russian politician who has held many important positions in his career. He is currently the Governor of the Republic of Dagestan, a federal subject of Russia. Born on March 5, 1969, in the village of Kizlyar, Dagestan, he is a graduate of Dagestan State University and holds a doctorate in Technical Sciences. Magomedov began his political career in 2002, when he was elected to the State Council of Dagestan. He served as the Chairman of the State Council from 2005 to 2009, and was subsequently elected as the Deputy Prime Minister of the Republic of Dagestan.

He held this position for four years before being elected as the Governor of Dagestan. As Governor, Magomedov has made significant advancements in the region. He has worked to improve the economic development of Dagestan, and has launched initiatives to attract investors to the region.

He has also implemented various measures to reduce corruption in the region and improve public services. In addition to his political career, Magomedov has also been active in various charitable activities. He has been involved in a number of projects to improve the education system in Dagestan, as well as providing assistance to the elderly and disabled.

He has also launched initiatives to promote cultural activities in the region. Hasbulla Magomedov is a highly respected politician in Russia, and his contributions to the development of Dagestan have been widely acknowledged. He is widely regarded as one of the most successful governors in the region, and his efforts have been instrumental in improving the quality of life in Dagestan.

Hasbulla Magomedov: How He Built His Fortune

Hasbulla Magomedov is a Russian entrepreneur, investor, and philanthropist. He is the founder and chairman of the Summa Group, a major diversified international industrial and investment group headquartered in Russia. Magomedov has built his fortune through his investments in oil and gas, shipping, port operations, telecommunications, construction, and engineering.

Magomedov’s rise to success began in 1996, when he founded the Summa Group. The company started as an oil and gas trading company and quickly developed into a large and diversified international group with investments in many industries. His investments in the oil and gas industry have been particularly successful, with the Summa Group becoming one of the leading players in the Russian oil and gas sector. Magomedov’s success has not only been in the oil and gas industry but also in other sectors as well.

He has invested in telecommunications, construction, port operations, and engineering. His investments in these sectors have been very successful, with the Summa Group becoming one of the leading players in each of these industries. In addition to his investments in the oil and gas, telecommunications, construction, and engineering sectors, Magomedov has also invested in the real estate sector.

He has purchased several high-end properties in Russia, including a luxury apartment complex in Moscow and a villa in the Moscow region. Magomedov has also made investments in the hospitality industry, with the Summa Group owning a number of hotels throughout Russia. Magomedov’s success has also been recognized beyond Russia.

He was named “Businessman of the Year” by Forbes in 2016 and has been featured in numerous international business magazines. He is also a member of the Russian Union of Industrialists and Entrepreneurs, the highest honor for a Russian businessman. Through his investments and philanthropic activities, Magomedov has built his fortune.

His investments in oil and gas, telecommunications, construction, engineering, and real estate have been extremely successful, and his philanthropic activities have earned him a great deal of respect in Russia and abroad.

The Life and Times of Hasbulla Magomedov: A Look at His Career

Hasbulla Magomedov is a prominent figure in the world of Russian politics and a veteran of the Russian-Chechen War. He has held various influential posts in the Russian government, and his career has been marked by dedication and success. Born in the Dagestan region in 1963, Magomedov was raised in a military family and joined the Russian military as a young man. He was quickly promoted to the rank of colonel, and in 1996 he was made a commander of the Chechen forces in the Russian-Chechen War. His success in the war earned him several awards, including the Order of Courage and the Medal of Honor. After the war, Magomedov entered politics and was elected to the State Duma, the lower house of the Russian Parliament.

He quickly rose to prominence, serving as a deputy speaker of the Duma from 2003 to 2018.

In 2008, he was appointed Deputy Prime Minister of Russia and Minister for Internal Affairs. In 2012, Magomedov was appointed Deputy Prime Minister of Russia for Territorial Development and Construction. In 2014, he was made a member of the Security Council of Russia. He served in this position until 2019, when he was appointed Prime Minister of Russia. Since becoming Prime Minister, Magomedov has implemented a number of initiatives to improve the lives of Russians.

He has focused on economic development, modernizing infrastructure, and strengthening the country’s defense capabilities. He has also worked to improve the country’s energy security and reduce its dependence on imported oil and gas. Throughout his career, Magomedov has been a strong supporter of President Vladimir Putin and his policies. He has been an advocate for greater stability and security in Russia, and he has worked to improve relations with other countries, including the United States.

Hasbulla Magomedov’s career is a testament to his dedication and success. Throughout his time in office, he has earned a reputation as a competent leader who is committed to improving the lives of Russians. He is an example of what can be achieved through hard work and determination.

How Hasbulla Magomedov’s Investments Have Fueled His Net Worth

Hasbulla Magomedov has been a successful investor for many years, and his investments have been a major factor in the growth of his net worth. Magomedov’s portfolio is diverse and spans many industries. He is known for his investments in oil and gas, banking, telecommunications, and construction, as well as his involvement in real estate and venture capital. He is also a major shareholder in companies such as Tatneft, Alfa-Bank, and Sberbank.

His investments have been very successful and have helped him build up an impressive net worth. He has earned large sums of money from his investments in oil and gas, which have increased in value significantly over the years. His investments in banking, telecommunications, and construction have also been very successful and have helped him to accumulate a large amount of wealth.

Magomedov’s investments have also helped him to diversify his portfolio and to spread his risk across different industries. This has allowed him to increase the value of his investments and to protect himself from potential losses. His investments have also allowed him to diversify his income streams and to generate greater returns.

Overall, Hasbulla Magomedov’s investments have been a major factor in the growth of his net worth and have helped him to become one of the wealthiest businessmen in Russia. His investments have allowed him to diversify his portfolio, reduce his risk, and increase his returns. These investments have enabled him to accumulate an impressive net worth and to become one of the most successful investors in the world.


Hasbulla Magomedov is a successful businessman, investor and entrepreneur from Dagestan, Russia. He has a net worth of approximately $1.4 billion, and he has gained his wealth through his investments in various sectors, such as real estate, construction and oil & gas. He also owns a number of companies, including Magomedov Group and ZAO Severneft, and is a major shareholder in several banks. Hasbulla Magomedov is an example of how hard work, perseverance and dedication can lead to great success. He is an inspiration to other entrepreneurs who wish to reach the same level of success.

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