Tamir Sapir

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Tamir Sapir
Born Temur Sepiashvili
1946/1947[1]
Tbilisi, Georgian SSR, USSR
Died September 26, 2014 (aged 67)
Residence New York City, New York, U.S.
Citizenship United States
Occupation Real estate mogul
Net worth Steady US $ 1.4 billion (est.)
(February 2010)[1]
Spouse(s) Married, 5 children

Tamir Sapir (Russian: Тимур Сапир, birth name Temur Sepiashvili, Georgian: თემურ სეფიაშვილი); 1946/1947 – September 26, 2014) was an American immigrant from the former Soviet republic of Georgia who made millions bartering fertilizer and oil with the Soviets in the 1980s; he took most of his money and put it into New York real-estate. He was included in The 400 Richest Americans List of September 2008 (#246), with a net worth of $1.9 billion. In March 2010, he ranked 721st on Forbes' list of billionaires, with a net worth of $1.4 billion.

Early life[edit]

Temur Sepiashvili was born in 1946 or 1947. In the early 1970s he studied journalism at Tbilisi State University but left to earn money to support his family because of his father's death. His business was to fill out emigration forms and other documents for Soviet Jews.[citation needed]

He, his wife and his mother had emigrated to Israel in 1973, around the time of the Yom Kippur War. Sapir (he changed his last name in Israel) moved to the United States. He spoke no English and became a taxicab driver in New York City. Saving up to buy an electronics store, he catered primarily to Russian clientele. Eventually he made contacts with the Soviet contingent to the United Nations in New York, and traded electronics for oil contracts, which he then sold to American companies. Investing the profits in Manhattan real estate in the 1990s, he became a billionaire by 2002.[2] Sapir has been referred to as America's "billionaire cabbie".

Sapir brought a lasuit in Russia against a Moscow oil refinery after it violated the terms of a contract by failing to transfer oil products for delivered equipment. Sapir won the case in 2005, but received none of the $28 million the Moscow company was ordered to pay.[3]

Tamir Sapir died on September 26, 2014, aged 67.[4]

References[edit]

  1. ^ a b "The World's Billionaires: #721 Tamir Sapir". Forbes. March 3, 2010. 
  2. ^ #410 Tamir Sapir. The World's Richest People, Forbes Magazine.
  3. ^ Russia´s Highest Commercial Court Rejects Appeal by Moscow Oil Refinery in Favor of Tamir Sapir´s Joy-Lud, findlaw.com; accessed October 3, 2014.
  4. ^ Notice of death of Tamir Sapir, therealdeal.com; accessed 3 October 2014.

External links[edit]