Zarakh Iliev is a 49-year-old Russian billionaire and construction magnate. According to Forbes, he is the 381st richest person in the world and stands 24th in the list of richest Russians. Zarakh Iliev partly owns the Radisson Resorts Chain in Ukraine and other prominent cities of Russia. Mr. Zarakh initiated the construction of shopping malls, giving a boost to retail business in Russia.
Mr. Zarakh was born on 8th of September, 1966 in the Krasnava village in the Azerbaijan regions of the then Soviet Union. He was involved in the family business of shoe making and hat sewing. In 1983, Zarakh migrated to Moscow.
Zarakh started a retail business of alcohol. He expanded his network by teaming up with God Nisanov. Zarakh then ventured into the construction business.