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Zarakh Iliev
Zarakh Iliev (Russian: Зарах Бинсионович Илиев, born 8 September 1966) is a Russian–Azerbaijani billionaire property developer and co-owner of the Kievskaya Ploshchad. As of early March 2024, Forbes estimated his fortune to be $3.3 billion. Iliev is one of the wealthiest people in Russia and ranks 1027th in the ranking of the wealthiest people on the planet.
In 1992 Zarakh Iliev and his compatriot God Nisanov founded the Kievskaya Ploshchad Group of Companies. As of 2024, Kievskaya Ploshchad owns commercial, office, warehouse, and hotel real estate in Moscow, and Flotilla Radisson Royal on the Moskva River. Among its largest assets are the Sadovod market, the agricultural cluster Food City, Hotel Ukraina, the food court Depo, and the Olympic Stadium. According to Forbes and RBK, Kievskaya Ploshchad ranks among Russia's 100 largest private companies. It is also the most significant player in the Russian commercial property market.
Zarakh Iliev is known for his close connections with the Russian and Azerbaijani political elite. Ilham Rahimov, a former fellow student of Vladimir Putin, holds shares in many of Kievskaya Ploshchad's projects.
Following the full-scale invasion of Ukraine, the USA, the UK, and Ukraine placed Iliev on the sanction lists.
Zarakh Iliev was born on 8 September 1966 in the village of Krasnaya Sloboda in the Azerbaijan SSR. The place is also known as the "Caucasian Jerusalem" as it is the only settlement of Mountain Jews in the post-Soviet space. They even have a unique language, Judeo-Tat, that is distinct to their community. Iliev's father, Binsion Iliev, was a shoemaker, while the mother was a housewife. Besides Zarakh, the family also had five other children – three sons and two daughters. From childhood, Binsion Iliev had been teaching them the craft of shoemaking. In his youth years, Zarakh Iliev created a small business in his native village Krasnaya Sloboda, making headgear and selling it in the neighboring city of Quba.
At the age of 17 Iliev moved to Moscow. There, together with his compatriot God Nisanov, he started wholesaling at the Cherkizovsky Market. In 1992 Iliev and Nisanov founded the Kievskaya Ploshchad Group of Companies, which focused on property development. Iliev's friendship with the market owner Telman Ismailov only facilitated the business.
Among Kievskaya Ploshchad's first projects were the shopping centers Elektronny Ray, Panorama, Grand, as well as the auto center Moskva. In 2005, the company made a significant acquisition by obtaining one of the Stalinist skyscrapers known as the Hotel Ukraina, which was later renamed Radisson Collection after undergoing reconstruction.
2009 marked the closure of the Cherkizovsky Market, where Iliev and Nisanov were junior partners of Telman Ismailov. However, their business only flourished since they began actively developing their project — the largest goods market in Moscow, Sadovod, which Iliev and Nisanov have owned since 2003. In the same year of 2009, Kievskaya Ploshchad opened the 8-story shopping and entertainment center Evropeyskiy, located near with the Moscow Kiyevsky railway station. Additionally, Iliev and Nisanov launched the Radisson Royal flotilla on the Moskva River.
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Zarakh Iliev
Zarakh Iliev (Russian: Зарах Бинсионович Илиев, born 8 September 1966) is a Russian–Azerbaijani billionaire property developer and co-owner of the Kievskaya Ploshchad. As of early March 2024, Forbes estimated his fortune to be $3.3 billion. Iliev is one of the wealthiest people in Russia and ranks 1027th in the ranking of the wealthiest people on the planet.
In 1992 Zarakh Iliev and his compatriot God Nisanov founded the Kievskaya Ploshchad Group of Companies. As of 2024, Kievskaya Ploshchad owns commercial, office, warehouse, and hotel real estate in Moscow, and Flotilla Radisson Royal on the Moskva River. Among its largest assets are the Sadovod market, the agricultural cluster Food City, Hotel Ukraina, the food court Depo, and the Olympic Stadium. According to Forbes and RBK, Kievskaya Ploshchad ranks among Russia's 100 largest private companies. It is also the most significant player in the Russian commercial property market.
Zarakh Iliev is known for his close connections with the Russian and Azerbaijani political elite. Ilham Rahimov, a former fellow student of Vladimir Putin, holds shares in many of Kievskaya Ploshchad's projects.
Following the full-scale invasion of Ukraine, the USA, the UK, and Ukraine placed Iliev on the sanction lists.
Zarakh Iliev was born on 8 September 1966 in the village of Krasnaya Sloboda in the Azerbaijan SSR. The place is also known as the "Caucasian Jerusalem" as it is the only settlement of Mountain Jews in the post-Soviet space. They even have a unique language, Judeo-Tat, that is distinct to their community. Iliev's father, Binsion Iliev, was a shoemaker, while the mother was a housewife. Besides Zarakh, the family also had five other children – three sons and two daughters. From childhood, Binsion Iliev had been teaching them the craft of shoemaking. In his youth years, Zarakh Iliev created a small business in his native village Krasnaya Sloboda, making headgear and selling it in the neighboring city of Quba.
At the age of 17 Iliev moved to Moscow. There, together with his compatriot God Nisanov, he started wholesaling at the Cherkizovsky Market. In 1992 Iliev and Nisanov founded the Kievskaya Ploshchad Group of Companies, which focused on property development. Iliev's friendship with the market owner Telman Ismailov only facilitated the business.
Among Kievskaya Ploshchad's first projects were the shopping centers Elektronny Ray, Panorama, Grand, as well as the auto center Moskva. In 2005, the company made a significant acquisition by obtaining one of the Stalinist skyscrapers known as the Hotel Ukraina, which was later renamed Radisson Collection after undergoing reconstruction.
2009 marked the closure of the Cherkizovsky Market, where Iliev and Nisanov were junior partners of Telman Ismailov. However, their business only flourished since they began actively developing their project — the largest goods market in Moscow, Sadovod, which Iliev and Nisanov have owned since 2003. In the same year of 2009, Kievskaya Ploshchad opened the 8-story shopping and entertainment center Evropeyskiy, located near with the Moscow Kiyevsky railway station. Additionally, Iliev and Nisanov launched the Radisson Royal flotilla on the Moskva River.