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.
Sources
www.forbes.ru/rustemteregulov
www.racingsportscars.com/driver/RustemTeregulov
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