Russian businessman Zelimkhan Mutsoev has an estimated net worth of $1.3 billion as of September 2014 according to Forbes. Mutsoev acquired most of his net worth from his investments on fertilizers and real estates.

mutsoev_ze

Zelimkhan Mutsoev completed his Bachelor of Science in Engineering from Volgograd Institute of Civil Engineering. He is currently married and has two children. The family of Zelimkhan Mutsoev is a major controller of Regions Group. The company currently owns 8.1% stakes in the major fertilizer producer, Uralkali. The group is also the owner of dozens of shopping centers.

Towards the end of the 1980's, Zelimkhan Mutsoev founded a clothing manufacturing company. By the 1990's, he became one of the owners of Pervouralsk, a company that specializes in producing tubes and pipes. In 2004, he sold Pervouralsk to ChTPZ group a company that is owned by Andrey Komarov. In February 2013, he collaborated with Gavril Yushvaev in the purchase of 38% stake in Polyus Gold for only $3.6 billion. Polyus Gold specializes on producing gold.