How a Mega-Rich Oligarch Linked to Putin Derailed a Bay Area Homeless Shelter

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How a Mega-Rich Oligarch Linked to Putin Derailed a Bay Area Homeless Shelter

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In 2016, Suleyman Kerimov, a Russian oligarch, played a significant role in derailing plans to convert an unused San Francisco church into a homeless shelter when he purchased Our Lady of Guadalupe for $7 million as part of an investment strategy. Since then, Kerimov, close to Vladimir Putin, has been sanctioned by the US authorities and the approximately 28 million dollars that Kerimov invested in Bay Area startups via a complex financial network are now under scrutiny

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In 2016, Suleyman Kerimov made investments in several tech startups, with the most notable being a $20 million seed investment in Luminar Technologies Inc., a self-driving car technology startup.

Pavel Cherkashin, a russian investor, co founders of GVA Capital, a venture which played a key role in facilitating Suleyman Kerimov's investments in Bay Area startups wrote in a September 2016 email to Austin Russell “We just talked to Suleyman’s fund managers and got confirmation that all issues and concerns are taken away”

Publish date

11

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17

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2022

Year

12

:

00

am

Publisher

The San Francisco Standard

Topics

Attempted Forbes takeover by Austin Russell

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https://sfstandard.com/2022/11/17/how-a-mega-rich-oligarch-linked-to-putin-derailed-a-bay-area-homeless-shelter/

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Matt Smith

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Matthew Kupfer

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In 2016, Suleyman Kerimov made investments in several tech startups, with the most notable being a $20 million seed investment in Luminar Technologies Inc., a self-driving car technology startup.

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