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Anar Mahmudov
Max bal. CHF 24,605,972
Country Azerbaijan
Credit: Business School Lausanne

A son of Azerbaijan’s former Minister of National Security, Eldar Mahmudov, who was dismissed from his post in 2015 after a spectacular fall from grace. Although Mahmudov worked as a government official for his entire career, his family controls a business and property empire across Europe worth over 100 million euros, a 2020 OCCRP investigation found.

In 2015, a few days after his father’s sacking, Anar Mahmudov closed his corporate bank account at Credit Suisse. A few months later, he also closed his personal account.

Credit: Business School Lausanne
Account type
Account open
Max account bal.
On Jan 1st 2022 100 CHF = 110 USD
Key events
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Father begins career as government official
Key ministry appointment
Dramatic dismissal