Karim Zidan investigates the shady billionaire who failed to purchase the UFC but now promotes Fedor Emelianenko in Russia.
Russian oligarch share many things in common: ostentatious behavior, lavish lifestyles, and questionable pasts are some of the ones that come to mind. Few, however, can be found in a Moscow gym, dressed in a tracksuit, training with professional fighters.
Ziyavudin Magomedov is not your average Russian billionaire.
Born and raised in Dagestan, Ziyavudin emerged from a troubled childhood on the streets of Makhachkala to become one of the republic's most prosperous businessmen. According to Forbes, he is the chairman of Summa Group, a "conglomerate invested in port logistics, engineering, construction, telecommunications, and oil and gas.