⬅ # 1533 Tang Yiu|# 1535 Jim Thompson

# 1534 Rustem Sulteev 

$2.17B

Real Time Net Worth
as of 5/29/2024
$137 (0.00%)

# 1534 Rustem Sulteev 

$2.17B

Real Time Net Worth
as of 5/29/2024
$137 (0.00%)
OccupationFounder, Zomba Group
Source of WealthRefinery, Chemicals
Age70
ResidenceKazan, Russia
Marital StatusMarried
Children2
EducationMS in Engineering, Kazan Institute of Civil Engineering
Age-Adjusted Net Worth$1.10B
Rustem Sulteev
Rustem Sulteev
Russia
Net worth: $2.17B

Wealth History

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Biography

Early Life

Clive Ian Calder was born on December 13, 1946, in Johannesburg, Transvaal, Union of South Africa.

Career

In 1971, Calder co-founded his first record company in South Africa with Ralph Simon.
By 1975, Calder and Simon had established Zomba Group as an artist and producer management company, relocating to London.
Zomba expanded to include music publishing in 1978, with offices opening in New York City.
In 1981, Calder and Simon formed Jive Records, pivotal in promoting hip hop and rap music.
After an 'ethical disagreement' with Ralph Simon, Calder bought out Simon's stake in Zomba in 1990, becoming the sole owner.
In 2002, Calder sold Zomba Group to Bertelsmann for $2.74 billion, marking a significant milestone in his career.

Success and Influence

During the late nineties, Jive Records achieved monumental success with artists like the Backstreet Boys, *NSYNC, and Britney Spears.
Calder's success extended to founding Silvertone Records in 1988 and numerous other ventures in the nineties.
He briefly advised Zomba Label Group during its integration period but eventually exited the music industry in 2003.
Jive Records became pivotal in promoting hip hop and rap music.
Calder's sale of Zomba Group to Bertelsmann for $2.74 billion marked a significant milestone in his career.

Philanthropy

In May 2020, Calder's ELMA Group of Foundations pledged $107 million to combat COVID-19 in Africa.
A substantial portion of the pledge was directed to South Africa, Calder's birth country.
ELMA Philanthropies, founded by Calder, focuses on enhancing childhood education and health initiatives across Africa.

Personal Life

Clive Calder is married to Patricia Calder, and they reside in the Cayman Islands.
The couple has two children.
Calder frequently travels to parts of Africa for charity.

Investments

In 2018, Calder and his son Keith invested $46 million into Cloud Imperium Games.
This investment secured a 10% stake in the company behind Star Citizen.

How long would it take you to become as rich as Rustem Sulteev?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Rustem Sulteev's net worth of $2.17B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.57% compared to 11.75% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Rustem Sulteev is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Rustem Sulteev, Refinery and Chemicals are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey