Said Mikhailovich Gutseriev (born 18 April 1988 in

Moscow Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents with ...

) is a Russian-British businessperson of

Ingush Ingush may refer to: * Ingush language, Northeast Caucasian language * Ingush people, an ethnic group of the North Caucasus See also *Ingushetia (disambiguation) Ingushetia is a federal republic and subject of Russia. Ingushetia may also refer ...

descent. He is the son of

Russian oligarch Russian oligarchs () are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the Soviet Union. The failing Soviet state left the ownership ...

Mikhail Gutseriev Mikail (Mikhail) Safarbekovich Gutseriev (born 9 March 1958) is a Russian billionaire businessperson of Ingush descent. Gutseriev earned his fortune after the collapse of the Soviet Union. He is the former owner of Russneft, one of Russia's l ...

, Since 2018 has been included by Forbes into the list of wealthiest businessmen in the world. In 2021 his fortune has been estimated at $1.7 billion. In 2016, he held a wedding that reportedly cost $1 billion. The Pandora Papers leaks revealed that Gutseriev owns a £40m London office block through an offshore company.

Early life and education

Said Gutseriev was born on 18 April 1988 in

. From the age of 8, he was trained and educated in the UK. After graduation, he continued his education at

University of Oxford The University of Oxford is a collegiate university, collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the List of oldest un ...

, where he received Master's Degree in Geology. Then he enrolled at the

University of Plymouth The University of Plymouth is a public research university based predominantly in Plymouth, England, where the main campus is located, but the university has campuses and affiliated colleges across South West England. With students, it is the ...

, where he was awarded an MA degree in Management of Oil and Gas Business. Gutseriev has British citizenship. He lives in London.

Career

After graduation from the Plymouth University, from 2012 to 2014 he was working at

Glencore Glencore plc is an Anglo-Swiss Multinational corporation, multinational commodity trading and mining company with headquarters in Baar, Switzerland, Baar, Switzerland. Glencore's oil and gas headquarters are in London, London, England as well a ...

(the Swiss trading Company) in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. Said started as the analyst in the Department of Oil Projects’ Structured Financing and continued his work in the financial office of the company. Since 2014, he has headed and served on the boards of directors of large industrial enterprises engaged in oil production, oil refining, and coal mining. Currently he is a shareholder of PJSC

M.video PJSC M.video (М.видео, M.Video-Eldorado Group) is a leading Russian e-commerce and consumer electronic retailer that unites the M.Video and Eldorado brands. Overview M.Video-Eldorado Group operates a network of more than 1,200 stores ...

and SFI Investment Holding, which owns Europlan leasing company, 49% of VSK insurance company, cloud gaming service GFN.RU and minority shares in a number of other assets. Said Gutseriev is the founder of Larnabel Ventures. In 2019 he was new to

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

list of the wealthiest businessmen, with a fortune of $1.3 billion, ranked at No.1717 spot. In 2021, Forbes estimated his fortune at $1.7 billion.

Sanctions

On 28 June 2022 he was sanctioned by the United Kingdom. The relevant document of the

HM Treasury His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax ...

says Said Gutseriev «is and has been involved in obtaining a benefit from or supporting the Government of Russia by working as a director (whether executive or non-executive), or equivalent, and owning or controlling directly or indirectly, of PJSC SFI, an entity carrying on business in the Russian financial services sector, a sector of strategic significance to the Government of Russia».

Personal life

In March 2016, Said Gutseriev married Khadizha Uzhakhova, a student of the

Moscow State University Moscow State University (MSU), officially M. V. Lomonosov Moscow State University,. is a public university, public research university in Moscow, Russia. The university includes 15 research institutes, 43 faculties, more than 300 departments, a ...

of Medicine and Dentistry. The celebration in Moscow brought together more than 600 guests, who were entertained by

Jennifer Lopez Jennifer Lynn Lopez (born July 24, 1969), also known by her nickname J.Lo, is an American singer, songwriter, actress, dancer and businesswoman. Lopez is regarded as one of the most influential entertainers of her time, credited with breaking ...

Sting Stimulator of interferon genes (STING), also known as transmembrane protein 173 (TMEM173) and MPYS/MITA/ERIS is a regulator protein that in humans is encoded by the STING1 gene. STING plays an important role in innate immunity. STING induces typ ...

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Alla Pugacheva Alla Borisovna Pugacheva (, ; born 15 April 1949) is a Russian singer and songwriter. Her career began in 1965 and continues to this day, although she retired from performing in 2010 after the international concert tour "Dreams of Love". For her ...

, and

Patricia Kaas Patricia Noëlle Kaas (; born 5 December 1966) is a French singer. Her music is a mix of pop, cabaret, jazz, and chanson. Since the appearance of her 1988 debut album '' Mademoiselle chante...,'' Kaas won 6 Victoires de la Musique awards and ...

. The bride's wedding dress weighed about 25 kg and cost several million dollars. The second celebration for relatives took place in London. The wedding reportedly cost $1 billion. The second celebration for friends and relatives took place in London in the event hall of The Dorchester hotel. Stars of world pop music performed in front of 250 guests:

Lionel Richie Lionel Brockman Richie Jr. (born June 20, 1949) is an American singer, songwriter, record producer, and television personality. He rose to fame in the 1970s as a songwriter and the co-lead singer of the Motown group Commodores; writing and recor ...

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, as well as the Georgian national ballet " Sukhishvili", the Irish dance ensemble " Spirit of the Dance". In 2018, the couple had a son, who was named Safarbek after his grandfather. In February 2021, the couple had a daughter, named by the ancient Ingush name Deicy (in translation from Ingush - “honor of the fathers”); in June 2022 their second daughter Salma and in January 2024 their third daughter Dayana were born. The

Pandora Papers The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021. The leak exposed the secret offshore accounts of 35 ...

leaks revealed that Gutseriev owns a £40m London office block through an offshore company. In 2022, a joint investigation by the

Belarusian Investigative Center The Belarusian Investigative Center (BIC) is an independent media outlet from Belarus that operates in exile. The center offers five core types of content: investigative journalism, fact-checking, analytical reporting, news, and economic analysis. ...

Transparency International Transparency International e.V. (TI) is a German registered association founded in 1993 by former employees of the World Bank. Based in Berlin, its nonprofit and non-governmental purpose is to take action to combat global corruption with civil s ...

and

The Guardian ''The Guardian'' is a British daily newspaper. It was founded in Manchester in 1821 as ''The Manchester Guardian'' and changed its name in 1959, followed by a move to London. Along with its sister paper, ''The Guardian Weekly'', ''The Guardi ...

found several properties in London owned by Said Gutseriev. Previously, the property owned by Said was mentioned in the Pandora Papers. Representatives of the family told reporters that Said has no business ties with his father and that Mikhail Gutseriev has nothing to do with these assets, while at the same time, a significant part of these properties were purchased when Said was still studying and not involved in business.

References

{{DEFAULTSORT:Gutseriev, Said Living people 1988 births Russian businesspeople in the oil industry Russian individuals subject to United Kingdom sanctions Russian Muslims Russian billionaires Russian economists Alumni of the University of Plymouth Russian businesspeople in the United Kingdom