Mikhail Gutseriev

$7.71 B

Ranked #463 in World

About Mikhail Gutseriev

Mikhail Gutseriev, a notable Russian billionaire of Ingush descent born on March 9, 1958, has significantly impacted the business and political realms in Russia. Earning his fortune post-Soviet Union collapse, he founded RussNeft, a leading oil company, and consistently ranked among Forbes' 200 richest Russians since 2002. Despite facing tax evasion charges in 2007, leading to a temporary exit from Russia, Gutseriev returned in 2010 after the charges were dropped. His educational background spans multiple esteemed institutions, culminating in a PhD from Plekhanov Russian University of Economics. Gutseriev's political career includes serving in the State Duma and initiating key economic reforms. Despite exiting RussNeft's board in 2021 amidst EU sanctions, his diverse business ventures and contributions to hostage releases, including during the Beslan crisis, highlight a multifaceted legacy. Married with children, Gutseriev offered his hotels to combat COVID-19 in 2020, showcasing his continued influence in Russia's socio-economic landscape.

Born

March 09, 1958 in Akmolinsk, Kazakh SSR, Soviet Union

Age

68 years

Source Of Wealth

Oil, Coal, Real Estate

Industries

Energy

Citizenship

Russia

Residence

Moscow

Education

Bachelor of Arts/Science, Kazakh Technological Institute

Mikhail Gutseriev, a Russian billionaire businessperson of Ingush descent, was born on March 9, 1958, in Akmolinsk, Kazakhstan. His early years were spent in a modest household, where he developed a strong work ethic and a keen interest in business.

Mikhail Gutseriev: Family

Mikhail Gutseriev is married and has two sons, Chingiz and Said, and a daughter, Sofya. His elder son, Chingiz, tragically passed away in a car accident in 2007. His younger son, Said, has followed in his father's footsteps and is a successful businessperson. Mikhail Gutseriev's brother, Sait-Salam, is also a prominent businessman.

Mikhail Gutseriev: Career Highlights

Mikhail Gutseriev's career took off after the collapse of the Soviet Union. He founded and became the head of OJSC NK "RussNeft" in 2002, which grew into one of Russia's largest oil companies. Gutseriev also served as a deputy to the State Duma, the lower house of the Russian parliament, and played a key role in helping Russian special services release hostages kidnapped in the North Caucasus between 1996 and 2006.

Mikhail Gutseriev: Companies

Mikhail Gutseriev has been involved in various business ventures throughout his career. He is the former owner of RussNeft, a major Russian oil company. He also owns a significant portion of commercial real estate on Tverskaya Street in Moscow and has business projects in Belarus, Azerbaijan, and Kazakhstan. Additionally, Gutseriev owns several media and radio stations in Russia and is involved in producing various shows, TV programs, and music videos.

Mikhail Gutseriev: Major Achievements

Mikhail Gutseriev's major achievements include building RussNeft into one of Russia's largest oil companies and successfully navigating the challenges of the post-Soviet business landscape. He has also been recognized for his efforts in helping to release hostages and for his contributions to the Russian economy.

Mikhail Gutseriev: Awards & Achievements

Mikhail Gutseriev has received numerous awards and accolades for his business acumen and philanthropic efforts.

He has been recognized as one of Russia's wealthiest individuals by Forbes magazine and has been awarded the Order of Friendship and the Order of Honor by the Russian government.

Mikhail Gutseriev: Personal Life & Legacy

Mikhail Gutseriev is known for his philanthropic endeavors and support for various cultural and educational institutions. He has established the Mikhail Gutseriev Foundation, which focuses on supporting education, healthcare, and cultural initiatives. Gutseriev is also involved in poetry writing and song writing, showcasing his creative side.

Mikhail Gutseriev: Trivia

Mikhail Gutseriev is a permanent participant in the Forbes annual ranking of the 200 richest Russians since 2002. He is also known for his extensive art collection, which includes works by renowned Russian and international artists.

Wealth History

Timeline

March 9, 1958

Mikhail Gutseriev is born in Akmolinsk, Kazakhstan.

1981

Gutseriev graduates from Dzhambul Technological Institute of Light and Food Industry.

1995

Gutseriev graduates from Finance Academy under the Government of Russian Federation, Gubkin Russian State University of Oil and Gas, and St. Petersburg University of Law.

1996

Gutseriev completes a post-graduate course at St. Petersburg University of Law and defends his PhD thesis on "Criminality in major cities" at Plekhanov Russian University of Economics.

1995

Gutseriev is elected as deputy to the State Duma and serves as Deputy Chairman of the State Duma.

1996

Gutseriev initiates and develops a regulation on establishing a "Center for International Business".

1999

Gutseriev is re-elected as a State Duma Deputy for the Third Convocation of the Federal Assembly.

2002

Gutseriev founds and becomes the head of OJSC NK "RussNeft".

2006

Gutseriev is accused of tax evasion, leading to the sale of RussNeft and his departure to London.

January 2010

Gutseriev regains control over RussNeft.

April 2010

Gutseriev sells 49% of RussNeft to Joint-Stock Financial Corporation Sistema and 2% to Sberbank of Russia.

Summer 2013

Gutseriev becomes the sole owner of JSC RussNeft.

February 2015

Gutseriev becomes Chairman of the board of directors of RussNeft and Neftisa.

2021

Gutseriev resigns from the board of directors of RussNeft and sells control in Neftisa to his brother Sait-Salam due to EU sanctions.

Mikhail Gutseriev : FAQs

What is Mikhail Gutseriev's current net worth?

Mikhail Gutseriev's current net worth is $7.71 billion.

What is Mikhail Gutseriev's current global rank among billionaires?

Mikhail Gutseriev holds the 463rd position globally among billionaires.

What is Mikhail Gutseriev's current ranking within the Russia?

Mikhail Gutseriev holds the 23rd position in Russia.

What was the change in Mikhail Gutseriev's net worth compared to the previous year?

Mikhail Gutseriev's net worth increased by 1.94 billion dollars compared to the previous year 2025, when his net worth was 5.77 billion dollars.

What are Mikhail Gutseriev's main sources of wealth?

Mikhail Gutseriev's main source of income comes from Oil, Coal, Real Estate.

In which industry does Mikhail Gutseriev primarily operate?

Mikhail Gutseriev is primarily involved in the Energy industry.

What is Mikhail Gutseriev educational background?

Mikhail Gutseriev holds a Bachelor of Arts/Science from Kazakh Technological Institute.

How old is Mikhail Gutseriev?

Mikhail Gutseriev is 68 years old.

How many children does Mikhail Gutseriev have?

Mikhail Gutseriev has 2 children.

Who is Mikhail Gutseriev and what is his background?

Mikhail Gutseriev is a Russian billionaire businessperson of Ingush descent, born on March 9, 1958, in Akmolinsk, Kazakhstan. He earned his fortune after the Soviet Union's collapse and is a former owner of Russneft, a major oil company in Russia. He has been a permanent participant in the Forbes annual ranking of the 200 richest Russians since 2002.

What led Mikhail Gutseriev to flee Russia in 2007, and when did he return?

Mikhail Gutseriev fled Russia in 2007 after being charged with tax evasion. He returned to Russia in 2010 after the charges were withdrawn.

Can you detail Mikhail Gutseriev's educational achievements?

Mikhail Gutseriev graduated from Dzhambul Technological Institute of Light and Food Industry in 1981, the Finance Academy under the Government of Russian Federation and Gubkin Russian State University of Oil and Gas in 1995, and St. Petersburg University of Law in 1995. He also completed post-graduate studies and defended his PhD thesis on "Criminality in major cities" in 1996.

What were the key milestones in Mikhail Gutseriev's business career?

Key milestones in Mikhail Gutseriev's business career include founding RussNeft in 2002, being accused of tax evasion and fleeing to London in 2006, regaining control over RussNeft in 2010, becoming the sole owner of JSC RussNeft in 2013, and resigning from the board of directors of RussNeft and selling control in Neftisa in 2021 due to EU sanctions.

What are some notable contributions of Mikhail Gutseriev outside his business activities?

Outside of his business activities, Mikhail Gutseriev played a key role in freeing hostages in the North Caucasus from 1996 to 2006, including during the Beslan school siege in 2004. He owns significant commercial real estate in Moscow, established the Safmar Group, has business projects across several countries, owns media and radio stations, produces shows and music videos, and is involved in poetry and songwriting.