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Iliev
Zarakh Iliev
Rank #805
RUSSIA•Diversified•Real estate

Zarakh Iliev

Net Worth
$5.104B
0% (24h)
Zarakh Iliev is a Russian-Azerbaijani billionaire and prominent figure in the real estate industry. Born on September 8, 1966, Iliev's source of wealth stems from his extensive real estate holdings, primarily in Moscow. He co-founded the Kievskaya Ploshchad Group of Companies in 1992, which has become a major player in the Russian commercial property market. As of March 2024, his net worth is estimated to be $3.3 Billion. Iliev's career includes significant achievements in developing shopping centers, hotels, and large-scale commercial projects, transforming Moscow's urban landscape.

How to read Zarakh Iliev's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Zarakh Iliev, we anchor the narrative to Real estate and Real estate, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $5.104B alongside global rank #805, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (RUSSIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Zarakh Iliev was born on September 8, 1966, in the village of Krasnaya Sloboda, Azerbaijan. His family was involved in shoemaking. At 17, he moved to Moscow.

Rise to Success

In 1992, Iliev and God Nisanov co-founded the Kievskaya Ploshchad Group of Companies. The company initially focused on retail, but later expanded into real estate development. The partnership proved highly successful, with the company becoming a major player in the Russian commercial property market. Key projects included shopping centers and hotels, which significantly altered the Moscow cityscape. In 2012 Forbes has been calling him and his business partner God Nisanov the Kings of Russian Real Estate.

Key Business Strategies

Iliev's success is attributed to identifying and capitalizing on opportunities in the Moscow real estate market, focusing on developing large-scale commercial projects. The Kievskaya Ploshchad Group has a diverse portfolio, including shopping centers, hotels, and warehouses. The company's strategy involves acquiring and developing prime real estate assets.

Philanthropy

Zarakh Iliev, along with his business partner God Nisanov, has been involved in philanthropic activities. This includes the construction of the Cheder Menachem Jewish school in Moscow and the opening of the Community Center for the Association of Mountain Jews of Moscow. In 2020, they contributed to the opening of the world's first Museum of Mountain Jews in their native village.

Career Timeline

2014

Leadership Award

Awarded Leadership Award at the Russia & CIS Hotel Investment Conference.

2012

Recognized as Kings of Russian Real Estate

Forbes magazine began recognizing Iliev and his business partner God Nisanov as the Kings of Russian Real Estate.

2009

Opened Evropeyskiy Shopping Center

Opened the 8-story shopping and entertainment center located near the Moscow Kiyevsky railway station.

1992

Founded Kievskaya Ploshchad Group of Companies

Co-founded the company with God Nisanov, which became a major player in the Russian commercial real estate market.

Philanthropic Impact

EducationUnknown

Jewish School Construction

Contributed to the construction of the Cheder Menachem Jewish school in Moscow in 2015.

Community DevelopmentUnknown

Community Center for Mountain Jews

Initiated the opening of the Community Center for the Association of Mountain Jews of Moscow in 2019.

Cultural PreservationUnknown

Museum of Mountain Jews

Contributed to the opening of the world's first Museum of Mountain Jews in 2020.

Key Business Ventures & Holdings

CompanyStakeValue
Kievskaya Ploshchad Group——

Net Worth History

In-Depth Analysis

Early Life

Zarakh Iliev was born on September 8, 1966, in the village of Krasnaya Sloboda, Azerbaijan. His family was involved in shoemaking. At 17, he moved to Moscow.

Rise to Success

In 1992, Iliev and God Nisanov co-founded the Kievskaya Ploshchad Group of Companies. The company initially focused on retail, but later expanded into real estate development. The partnership proved highly successful, with the company becoming a major player in the Russian commercial property market. Key projects included shopping centers and hotels, which significantly altered the Moscow cityscape. In 2012 Forbes has been calling him and his business partner God Nisanov the Kings of Russian Real Estate.

Key Business Strategies

Iliev's success is attributed to identifying and capitalizing on opportunities in the Moscow real estate market, focusing on developing large-scale commercial projects. The Kievskaya Ploshchad Group has a diverse portfolio, including shopping centers, hotels, and warehouses. The company's strategy involves acquiring and developing prime real estate assets.

Philanthropy

Zarakh Iliev, along with his business partner God Nisanov, has been involved in philanthropic activities. This includes the construction of the Cheder Menachem Jewish school in Moscow and the opening of the Community Center for the Association of Mountain Jews of Moscow. In 2020, they contributed to the opening of the world's first Museum of Mountain Jews in their native village.

Data Sources & Methodology

Figures for Zarakh Iliev are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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