Vagit Alekperov
Oil · Moscow
Net worth
$29.5B
Today
+$300+0.00%Past month
+$64K+0.00%As of Nov 11, 2026, 1:50 PM EST
A former Caspian Sea oil rig worker, Vagit Alekperov became a deputy minister overseeing the oil industry in the Soviet Union. In 1991 he took three large ministry-controlled oil fields and set up Lukoil, now Russia's largest independent oil company. Lukoil, of which he owns about 30%, was hit by U.S. sanctions in September 2014. Alekperov stepped down as the president of Lukoil in April 2022, a few days after being sanctioned by the U.K. Alekperov transferred his ownership in Dutch shipyard Heesen Yachts, where his 230-foot yacht Galactica Super Nova was built, to a dutch foundation in 2022.
Net worth over time
Principal holdings
2 positions| Company | Industry | Share | Value |
|---|---|---|---|
Private and other holdings | Energy | 55.1% | $16.2B |
Lukoil Holdings MICEX: LKOH-RU | Energy | 44.9% | $13.2B |
Also known for
- Alekperov penned a book called "Oil of Russia: Past, Present and Future."
- Alekperov, who collects old coins, opened the International Numismatic Club in Moscow, where his collection is exhibited.
“I have devoted my whole life to work. I have no friends and acquaintances outside my business world.”
