Rustem Sulteev
$1.8B
Born
Jan 04, 1954
Age
72
Source of Wealth
Refinery, chemicals
Residence
Kazan,
Citizenship
Russia
Marital Status
Married
Children
2
Education
Master of Science in Engineering, Kazan Institute of Civil Engineering
- Rusteem Sulteev got rich as co-owner of TAIF Group, a large regional holding company with assets in the Republic of Tatarstan.
- TAIF became a shareholder in most of its companies during Russia's privatization in the mid 1990s.
- He and his co-owner Albert Shigaboutdinov merged TAIF with petrochemical company Sibur in 2021.
- Sulteev and other shareholders of TAIF received shares in Sibur, owned by billionaires Leonid Mikhelson and Gennady Timchenko.
- Sulteev remains an owner of an oil refinery, a chain of gas stations and construction company.
- Sulteev and his wife were sanctioned by the European Union in December 2023.
- Ex-shareholders of TAIF include billionaires Radik and Airat Shaimiev, sons of Tartarstan's first president.
- Sulteev and other ex-stakeholders of the TAIF Group, Radik Shaimiev and Albert Shigaboutdinov, also own Avers Bank.
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