Mikhail Gutseriev

Mikhail Gutseriev is a founder and the main shareholder of Safmar Group, a conglomerate with interests in oil, coal, real estate and retail. Between 2015 and 2017, he spent $2 billion acquiring banks, pension funds, oil fields, factories, warehouses, real estate and retail companies. In 2017 Binbank, which was headed by his nephew, former billionaire Mikail Shishkhanov, was nationalized by Russian Central Bank. He has eight Russian radio stations, including the popular Radio Shanson. His son Said is a shareholder of Safmar. His father gave him his financial business, a 34% in his oil business and 25% in appliance store chain. His son Said is a shareholder of Safmar. His father gave him his financial business, a 34% in his oil business and 25% in appliance store chain.