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.
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.