Rustem Sulteev
Overview
- Source of Wealth
- Refinery, chemicals
- Industry
- Energy
- Residence
- Kazan
- Education
- Kazan Institute of Civil Engineering (Master of Science in Engineering)
- Marital Status
- Married
- Children
- 2
Assets
- Tatneft12,573,000 shares @ --TATN-RU
Biography
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.
About
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.