RUSTEM TEREGULOV • Net Worth $800 Million • House • Yacht • Private Jet • Development Capital

Name:Rustem Teregulov
Net Worth:$800 million
Source of Wealth:Development Capital
Born:January 25, 1968
Children:Tanya Teregulov
Private Jet:(M-URUS) Boeing 737
Yacht:Grand Rusalina

Who is Rustem Teregulov?

Renowned Moscow-based banker and real estate investor, Rustem Teregulov, is a figure synonymous with success and ambition. Born on January 25, 1968, Teregulov, the proud owner of the luxury yacht Grand Rusalina, has carved a distinct path for himself in Russia’s economic landscape.

Key Takeaways:

  • Rustem Teregulov, a Moscow-based banker and real estate investor, owns the luxury yacht, Grand Rusalina.
  • Teregulov established VIS Bank in 1994, which later became Development Capital, a significant player in Russia’s banking and financial services.
  • As a real estate developer, Teregulov owns over 30,000 hectares of land in the Moscow region, used for business centers and agriculture.
  • Teregulov founded the Moscow Raceway, a racing circuit catering to competitions from national championships to Formula 1 events.
  • Forbes Russia estimates Teregulov’s net worth between US$ 600 and US$ 800 million.

Early Ventures and the Founding of VIS Bank

Teregulov initiated his career in the realm of currency exchange, collaborating with Andrey Melnichenko, owner of the extravagant Sailing Yacht A and Motor Yacht A. 1994 marked a pivotal year for Teregulov when he established VIS Bank, a venture that would later morph into the well-known financial institution, Development Capital.

The Rise of Development Capital

Development Capital, situated in the heart of Moscow, offers an array of banking and financial services. Teregulov, in conjunction with his daughter Tatyana Teregulova, maintains a controlling interest in the bank, holding 60% of the shares.

Real Estate Ventures

Teregulov’s ventures extend beyond the financial sector, manifesting in a thriving real estate development business. He presides over an impressive 30,000 hectares of land in the Moscow region, much of which has been utilized for the construction of several business centers, while some parcels are designated for agricultural use.

Motor Sports and the Moscow Raceway

Teregulov’s passion for motor racing led him to establish the Moscow Raceway, a world-class motor racing circuit designed to cater to competitions of all levels, from national championships to Formula 1 and MotoGP events. The raceway, boasting a total track length of 4,070 meters (2.53 miles), was built at a cost of about $30 million and is certified for Formula 1 races.

Net Worth

Teregulov’s financial standing, as estimated by Forbes Russia, showcases a remarkable net worth of between US$ 600 million and US$ 800 million.


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Yacht Grand Rusalina Owner

Rustem Teregulov

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Rustem Teregulov Yacht

He is the owner of the yacht Grand Rusalina.

The Grand Rusalina yacht was built by Trinity Yachts in 2009, exhibiting superior craftsmanship and design.

The yacht is powered by Caterpillar engines, reaching a maximum speed of 15 knots with a cruising speed of 11 knots, and a notable range of over 6,000 nautical miles.

The interiors, designed by Ricky Smith Designs, can comfortably accommodate up to 16 guests and a crew of nine.

He also owns a smaller Moonen yacht named Rusalina. The 25-meter yacht is permanently based in Moscow.

The Moonen 83 was launched in 1992 as Xanadu. She was refitted at Moonen Shipyard in 2012.