Magomed Musaev
BornJune 13, 1963
Known forentrepreneur, venture capitalist
SpouseZaira Abdulatipova
Children3

Magomed Musaev (Russian: Магомед Мусаев) is an international entrepreneur, venture capitalist and impact investor, philanthropist, founder and president of the Global Venture Alliance (GVA) investment fund, creator of the Sapiens Impact global impact community, one of the founders of the ImpactFuture investment company.

Career

Musaev was born in Tlyarosh, Charodinsky district, Dagestan ASSR, USSR.

He graduated from Dagestan State Medical University, I.M. Sechenov First Moscow State Medical University (PhD), Higher School of Privatization and Entrepreneurship, Plekhanov Russian University of Economics.[1]

Between 2004 and 2009 Musaev was retrieving the position of General Director of the All-Russian Exhibition Center (VVC), was the head of the Directorate and Executive Secretary of the National Organizing Committee for the Promotion of the candidacy of the Russian Federation as the organizer of EXPO-2010, and later worked in the Moscow government.[2][3][4][5] In 2009, he was fired due to the owner’s dissatisfied with the financial results of Musaev's work. An inspection by the Prosecutor General's Office was initiated. The inspection concentrated on the allegations that part of the rental income of exhibition premises was transferred to the account of the All-Russian Exhibition Center "not quite legally or not received at all".[6]

In 2011, Magomed Musaev founded and headed the Global Venture Alliance (GVA), which implements projects in the field of corporate innovation, startup acceleration, venture fund management and operates in more than 20 countries, including implementing projects in Silicon Valley.[7]

In August 2018, Magomed Musaev purchased the Russian version of Forbes,[8][9] in 2021 Business Insight Media, owned by the family of Magomed Musaev, signed a license agreement with Harvard Business School Publishing to bring out the digital type of the Russian version of the Harvard Business Review (HBR) magazine.[10]

According to political expert Eduard Urazaev, Magomed Musaev's decision to buy the Russian edition of the Forbes magazine was driven by political rather than business interests as leverage against alleged law enforcement inquests into his father-in-law Ramazan Abdulatipov.[11]

On October 20, 2023, The Washington Post reported that Magomed Musaev is the shadow buyer of the Forbes magazine, and that the American businessman Austin Russell was only fronting the deal.[12] Later, members of the Ukraine parliament appealed to members of the US Senate and House of Representatives with a call to intervene in the deal. People's Deputy of Ukraine Oleksiy Goncharenko noted that the purchase of Forbes by could have been coordinated by Russian intelligence services.[13] A month after the reports, the magazine announced that the deal fell apart.[14]

In 2020 Magomed Musaev created Sapiens Impact as a global impact community aimed to amass and deploy $1 trillion worth of capital to address global challenges. In 2021, Magomed Musaev and his partners announced the creation of the ImpactFuture investment company, a platform investing in the development and implementation of innovative solutions to large-scale social problems.[15]

Criticism

Magomed Musaev served as executive director of the strategic council to the head of Dagestan. He appeared in two criminal cases - embezzlement in a republican multidisciplinary school and the procurement of computers for schools in Dagestan.[16][17] The Council provided support for numerous projects of the Summa Group in Dagestan. Summa founders Ziyavudin Magomedov and his brother Magomed, also from Dagestan, were accused of embezzling 2.5 billion rubles from the federal budget and creating an organised crime ring.[18]

In 2021, Definition Services, a company associated with the family of billionaire and senator Suleyman Kerimov, initiated a lawsuit in the state of Delaware (USA) against Magomed Musaev's company GVA Auto. The lawsuit concerned the discussion of the distribution of Luminar shares with the director of GVA Capital Pavel Cherkashin. Magomed Musaev claimed that an oral agreement existed, which he allegedly made several years before with a representative of Prosperity Investments. However, there is no confirmation of this.[19][20]

Personal life

His wife is Zaira Abdulatipova. They have three children — a son and two daughter. He is a consistent supporter and practitioner of the ancient Chinese philosophy of qigong.[21]

Father-in-law — Ramazan Gadzhimuradovich Abdulatipov, ex-head of the Republic of Dagestan.[22]

References

  1. ↑ 10 ответов Магомеда Мусаева. // Kommersant, 23.02.2009.
  2. ↑ Генеральный директор ГАО ВВЦ М. Х. Мусаев удостоен высокой награды Союза журналистов России. // Research Center "The History of the surname", 17.02.2009.
  3. ↑ Магомед Мусаев: перед нами – уникальные возможности. // Expo Vedomosti Magazine, No. 1, 2007.
  4. ↑ Ценим прошлое - строим будущее. // Rossiyskaya Gazeta, 16.12.2008.
  5. ↑ Генеральный директор ВВЦ Магомед Мусаев: "Никогда больше на территории выставки не будет хаотичных рынков и лотков". // Izvestia, 12.05.2006.
  6. ↑ Конфликт исчерпан. Российский Forbes купил Магомед Мусаев. // BFM.ru, 30.08.2018.
  7. ↑ Кто он — Магомед Мусаев, новый владелец российского Forbes? // Dozhd, 30.08.2018.
  8. ↑ Новым владельцем российского Forbes стал Магомед Мусаев // Vedomosti, 30.08.2018.
  9. ↑ Новым владельцем российского Forbes стал бизнесмен Магомед Мусаев. // BBC, 30.08.2018
  10. ↑ Владелец «Ведомостей» прекратит выпуск Harvard Business Review. // RBK Group, 23.06.2021.
  11. ↑ Зачем Магомед Мусаев купил журнал «Forbes Россия»?. // riaderbent.ru, 31.08.2018.
  12. ↑ Russian tycoon claims he is behind Forbes purchase, audiotapes show. // The Washington Post
  13. ↑ Покупка Forbes россиянином Мусаевым могла координироваться российскими спецслужбами. // ukranews.com
  14. ↑ Sale of Forbes to group led by tech investor collapses. // The Washington Post
  15. ↑ Дэвид Городянский, Рубен Варданян и Магомед Мусаев запустили платформу для социально-преобразующих инвестиций. // RB.RU, 20.09.2021.
  16. ↑ Зачем зятю Абдулатипова российский Forbes. // riaderbent.ru, 01.09.2018.
  17. ↑ «Детские деньги» семьи Абдулатипова. // versia.ru, 12.05.2014.
  18. ↑ Новым владельцем российского Forbes стал Магомед Мусаев // Vedomosti, 30.08.2018.
  19. ↑ С владельца Forbes требуют состояние // Vedomosti, 13.09.2021.
  20. ↑ С владельца Forbes требуют часть прибыли от инвестиций в американский стартап // Pravo.ru, 13.09.2021.
  21. ↑ Магомед Мусаев — о сумме покупки Forbes Russia, переговорах с Биллом Гейтсом и медиабизнесе в России. // Dozhd, 27.05.2020.
  22. ↑ Forbes купил зять экс-главы Дагестана. // adindex.ru, 30.08.2018.
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