Portrait of Aras Agalarov

Rank #2720

Aras Agalarov

Net worth $1.0B

real estate · Russia

Born
Nov 08, 1955
Age
70
Source
real estate
Residence
Moscow
Citizenship
Russia
Marital status
Married
Children
2
Education
Bachelor of Arts/Science, Baku Polytechnical Instit

Net worth over time

Biography

  • Aras Agalarov began his business journey bringing premium goods to Russia. He later pivoted to the development of luxury retail centers.
  • Now Agalarov owns more than ten large shopping centers, a concert hall, oceanarium and exhibition complex.
  • His company Crocus Group was the general contractor for two stadiums that hosted the 2018 FIFA World Cup matches.
  • Crocus City Hall hosted the Miss Universe finals in 2013. Donald Trump attended the ceremony and met with the Agalarovs.
  • Agalarov's son, Emin, helps his father in business; he moonlights as a pop singer.
  • Emin had to cancel his tour in the USA in 2018 due to prosecutor Mueller's investigation.
  • According to Donald Trump Jr., the Agalarovs arranged the 2016 meeting at Trump Tower between Trump campaign officials and Russian lobbyists. They deny involvement.
  • Emin Agalarov was married to Azerbaijan president Ilham Aliyev's daughter, but they divorced in 2015.