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Russian tycoon Mikhail Gutseriev spends $1bn on son Said's wedding

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Nellie Chapman | 31 March, 2016, 16:57

The bridegroom's father, reportedly worth $US6.2 billion, made his money as a pioneer in private banking after the collapse of communism but also owns several energy companies.

Said Gutseriev, 28, and his 20-year-old bride Khadija Uzhakhova married in Moscow last Saturday.

The bride reportedly wore a $374,000 gown, which was bedecked with precious stones, imported from Paris and weighed in at 25kg.

30 March 2016Not even the rock-bottom price of oil could stop Mikhail Gutseriev from splashing out at the celebration, The Daily Telegraph reports, with pop stars Jennifer Lopez (pitured), Enrique Iglesias and Sting providing entertainment at the lavish Moscow reception.

She paired the princess-styled dress with a slew of diamond accessories including a blingy necklace, teardrop earrings and a jeweled tiara.

"Instagram videos show the "Jenny From The Block" singer wearing a skin-tight black and silver body suit while telling the crowd that pronouncing the newlywed's names was 'the hardest thing I had to do today".

JLo by herself is thought to have raked in a whopping $1 million for her performance, which included three outfit changes and a few of her old classic songs.

But this isn't the only celebration planned for the lovebirds, who are set to have another ceremony in London soon. Rumors also said Sir Elton John had performed at the lavish event, but since we saw everything else on social media, we're guessing that would have come up too. His son is the director of Russneft's Orsk Refinery, according to Russian paper Kommersant.

The Gutseriyev family has ethnic roots in the southern Russian republic of Ingushetia.