Rustem Sulteev

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Rustem Sulteev (born 1954) is a Russian businessman and billionaire. He is the co-owner of the TAIF Group, a Russian holding group with a focus in oil, gas and petrochemicals.^[1][2] According to Forbes, Sulteev's net worth is estimated at $1.08 billion.^[1] As of 2019, he was ranked as the 95th richest businessman in Russia.^[3]

Sulteev was born in Kazan and attended the Kazan Institute of Civil Engineering. He graduated in 1976 with a bachelor's degree.^[2]

Sulteev began his career as a construction foreman. In 1983, he made the transition into civil engineering. His first major project involved the construction and maintenance of a factory for the Department of Bread and Baking Industry.^[2] The following year, he served as Deputy General Director for the construction of the second Bakery Plant in Kazan.^[2]

In 1985, Sulteev became the Deputy Head of the Directorate for Centrogaz. Between 1992 and 1995, he served as Deputy General Director of the Kazan Foreign Trade Research and Production Association.^[2]

Sulteev was named First Deputy General Director of TAIF Group in 1995.^[2] Together with his partners from the TAIF Group, Albert Shigaboutdinov and Radik Shaimiev he also own the Kazan bank Avers.^[3]

Sulteev is married and has two children. He lives with his wife in Kazan.^[1] Sulteev's son, Timur Sultyev, is the deputy general director of commerce for Russian chemical company Kazanorgsintez and is also a member of the TAIF board of directors.^[1][4]