Forbes lists billionaire Samvel Karapetyan 3rd real estate tycoon of Russia

YEREVAN, JANUARY 26, ARMENPRESS. Owner of the Tashir Group Samvel Karapetyan has been included in Forbes’ list of real estate “kings” of Russia.

On January 26, the Russian version of Forbes published an updated list of the country’s top real estate moguls. Samvel Karapetyan is listed 3rd in the ranking.

His main businesses are the Rio shopping & entertainment center and the Novotel Moscow City.

Samvel Karapetyan heads the Tashir Group, a real estate firm that owns 33 shopping centers, 4 office complexes, and 8 hotels across Russia. In 2015 the group collected $610 million in revenue from leased space. Karapetyan made big acquisitions during the financial crisis and continues to buy property. Born in Armenia, he moved to Kaluga, near Moscow, in the 1990s. His companies operate in 25 regions of Russia, but recently he has focused on launching new projects in the Moscow area, with plans to invest $800 million to build 4.3 million square feet of residential, retail and office space.