Russian-Azerbaijani businessman Vagit Alekperov, who was president of the oil corporation Lukoil from 1993 until 2022, was born on September 1, 1950. Alekperov had a net worth of US$16.2 billion in 2023 which made him the 94th richest person in the world and the 5th richest person in Russia, according to the Bloomberg Billionaires Index by Bloomberg L.P. As of 16 April 2021.
A 36.8% ownership share in Spartak Football Club is held by Alekperov (Moscow). The superyacht maker Heesen Yachts is owned by him. Leonid Fedun is Vagit Alekperov’s business partner. Due to Russia’s invasion of Ukraine in April and May of 2022, Vagit Alekperov was subject to personal sanctions by Australia, the United Kingdom, and Canada.
Vagit Alekperov Bio/Wiki
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On September 1, 1950, Alekperov was born in Baku, Azerbaijan SSR, one of the first hubs of the global petroleum industry. Alekperov’s mother was a Russian Orthodox and his father was a Muslim from Azerbaijan.
Alekperov identifies as a religious person, yet he is neither Muslim nor Orthodox.
Yusuf Alekperov, who was born in 1990, is the son of Alekperov and Larisa Victorovna Alekperova. Alekperov enjoys collecting coins. Although it is uncertain what exactly makes up his collection, some sources claim that it is among the three biggest private collections in Russia.
According to Forbes, more than 700 coins, or nearly a quarter of the collection, are on display at Alekperov’s private Museum of Numismatics. There are also a few silver and platinum pieces from the Russian Empire.
Vagit Alekperov Education
He has done his Master of Engineering at the Azerbaijan Institute of oil and chemistry according to Forbes.
Vagit Alekperov Family
Yusuf Alekperov, who was born in 1990, is the son of Alekperov and Larisa Victorovna Alekperova.
Alekperov relocated to Western Siberia in 1979, where he worked for Surgutneftegaz from 1979 to 1985, establishing himself as an authority in the field. As he rose through the ranks, Bashneft Production Company promoted him to first deputy general director in 1985.
Alekperov became the youngest deputy energy minister in Soviet history when he was named deputy minister of the oil and gas industry in 1990. Alekperov advocated for the creation of vertically integrated state-owned energy businesses at the time in order to bring together the diverse array of enterprises in the energy sector that were then reporting to various Soviet bureaucratic authorities. Western oil corporations started aggressively looking for partners in Russia right about this time.
Alekperov personally led the Russian team at the discussions in 1990 during a visit to British Petroleum sites in the United Kingdom.
Langepas-Uray-Kogalymneft changed its name to LUKOIL in April 1993, and Alekperov was appointed as the company’s president and board chairman. Alekperov held 10.4% of the business in 2002. He left his role as chairman of the Lukoil board of directors in 2000, but he remained the company’s president.
Moreover, Alekperov increased his ownership in Lukoil to 20.4 per cent by purchasing 11.13 million shares (1.3%) in May 2008, becoming him the company’s largest stakeholder. The first Russian corporation to purchase an American business was LUKoil. LUKoil purchased Getty Petroleum Marketing and its 1,300 gas stations in the US in November 2000.
Alekperov has branched out into the banking and media industries, like many other Russian billionaires. Alekperov was one of the two major shareholders in the IFD Kapital Group as of May 2006.
A personnel reorganisation at the corporation may happen in 2023, Alekperov initially stated in an interview he was searching for a replacement for his role in 2018. Alekperov is included in the unclassified CAATSA report to the U.S. Congress’ 2017 list of Russian “oligarchs.”
Alekperov established The Foundation “Our Future” in 2007 with the goal of fostering social entrepreneurship in Russia. Moreover, Alekperov has often said in public and acknowledged that his share of Lukoil (more than 20% of the corporation) would be handed to a specifically established charity foundation in accordance with his will.
Lukoil has contributed more than RUB 652 million to 22 Russian districts in the 2020 coronavirus pandemic and about $900,000 to nations where it conducts business abroad. Additionally, Alekperov contributed RUB 50 million of his own money to the Republic of Komi’s effort to combat the coronavirus.
Vagit Alekperov Awards
The Woodrow Wilson Award was given to Alekperov as the first Russian citizen. Moreover, he received recognition in 2005 for his contributions to corporate citizenship. Azerbaijani President Ilham Aliyev presented Vagit Alekperov with the “Dostlug” order on August 31, 2020, in advance of his 70th birthday.
Moreover, in recognition of his outstanding contributions to the growth of bilateral ties between Azerbaijan and the Russian Federation. Also, a full member of the Russian Academy of Natural Sciences is Vagit Alekperov.
Sanctions Against Him
Australia and the United Kingdom have imposed sanctions on Vagit Alekperov as a result of Russia’s invasion of Ukraine in April 2022.
Moreover, Alekperov stepped down and left the board of directors on April 21, according to a statement from Lukoil. He had served on the board for 29 years. Canada also imposed sanctions on Vagit Alekperov in May 2022.
Vagit Alekperov Net worth
His current net worth is $16.2 Billion as of 2022. Alekperov’s 28.3 per cent ownership position in the publicly listed oil and gas business Lukoil accounts for the majority of his wealth. Since the IPO, Alekperov, a consistent buyer of Lukoil stock since the 1990s, has spent nearly $4 billion purchasing shares using loans, dividends, and revenues from asset sales.
According to the corporate website, Lukoil employs more than 100,000 people and produces 2% of the world’s oil. According to the company’s 2020 annual report, Alekperov owns a 28.3% share in the Moscow-based company. Moreover, the article claims that he is the direct and indirect owner of the shares, but it doesn’t elaborate.
On April 7, 2022, the London Stock Exchange was eliminated from the computation of the Lukoil shareholding. Exchange-based ownership of shares and replace it with the equivalent held in Moscow in accordance with the estimation of other Russian fortunes. However, his cash assets’ worth is determined by looking at dividends, insider trading, taxes, and market performance. Alekperov, according to Dmitry Dolgov, a Lukoil spokeswoman, denied discussing his wealth.
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Vagit Alekperov Height, Weight & Age
Although his height and weight are unknown he is 73 years old as of 2023. He seems pretty tall and is a handsome man even at this age.
How much is the net worth of Vagit Alekperov?
Who is Vagit Alekperov’s wife?
Larisa Victorovna Alekperova
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