Ziyavudin Magomedov

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Ziyavudin Gadzhievich Magomedov (Russian: Зиявудин Гаджиевич Магомедов, born 1968) is a former Russian oligarch whose rapid rise in wealth between 2008 and 2010, followed by his sudden arrest in 2018, has been widely linked to the rise and fall of the so-called "Medvedev clan". Magomedov amassed a business empire during presidency of Dmitry Medvedev, who stood in for Vladimir Putin from 2008 to 2012. According to Finance magazine, in a single year between 2009 and 2010, Magomedov's fortune grew more than elevenfold – from $70 million to $800 million. Between 2008 and 2018, his Summa Group was described as "one of the least transparent conglomerates in Russia" and primarily operated in sectors requiring government licenses and approvals. According to most media outlets and independent analysts, Ziyavudin relied heavily on his long-standing and close friendship with Arkady Dvorkovich, a key economic advisor to President Medvedev. He was also closely associated with Vladimir Putin's press...

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