Do you Know who Vagit Yusufovich Alekperov is? Vagit Yusufovich Alekperov is a Russian billionaire and the President of the oil company Lukoil. Alekperov began his career in the oil industry in 1974 as an engineer in a drilling company. In 1979, Alekperov relocated to Western Siberia and started working for Surgutneftegaz. He grew extensive experience in the industry during his ownership there, which earned him a reputation as an expert in the field. Over the next few years, eventually became the first deputy general director of Bashneft production company in 1985. After 2 years, he was appointed as the general director of Kogalymneftegaz, a newly established production company.

Leonid Fedun, a former owner of Spartak, is known to have a close relationship with Vagit Alekperov, the President of Lukoil. Alekperov’s business interests also extend to Heesen Yachts, a superyacht manufacturing company. However, due to the Russian invasion of Ukraine, several countries, including the United Kingdom, Canada, and Australia, have imposed sanctions against Alekperov as a part of their international governmental responses. Let’s take a look a bit more about Russian billionaire Vagit Yusufovich Alekperov.

Vagit Alekperov Family

Alekperov was born on September 1, 1950, in Baku, Azerbaijan, which was then part of the Soviet Union. Vagit Alekperov’s father worked in the oil fields throughout his life and passed away when Vagit was still young. Growing up, Vagit was inspired by his father’s work and decided to continue a career in the same field. His father was an Azerbaijani Muslim, while his mother was Russian Orthodox. Although Alekperov is a religious person, he prefers not to identify himself as either Muslim or Orthodox.

Vagit Alekperov Career

In 1990, Vagit Alekperov became the youngest deputy energy minister in Soviet history when he was appointed as the deputy minister of the Oil and Gas Industry of the Soviet Union. Alekperov pushed for state-owned energy companies with vertical integration at the time. This move brought together a wide range of organisations in the energy sector, which at the time were accountable to different bureaucratic institutions within the Soviet government.

Vagit Alekperov took over as President and Chairman of the Board of LUKOIL, a joint-stock company when Langepas-Uray-Kogalymneft was renamed in April 1993. By 2002, Alekperov had acquired 10.4% ownership of the company. Notably, LUKOIL became the first Russian company to acquire an American company in November 2000, when it purchased Getty Petroleum Marketing, including its 1,300 gas stations in the United States. Alekperov has also ventured into banking and media, like many other Russian oligarchs.

Vagit Alekperov Facts

Vagit Alekperov is a married man and Larisa Victorovna Alekperova is his spouse. The couple has a son named Yusuf, who was born in the year 1990. Alekperov has an interest in numismatics, which is the study and collection of currency and coins. Although the precise contents of his collection are not known, it is reported to be one of the 3 largest private collections in Russia.

Vagit Alekperov Net Worth

Vagit Alekperov’s estimated net worth is around $23.7 billion, which places him among the top 100 richest people in the world. This impressive financial achievement is a tribute to his success in various industries and his ability to make smart business decisions.

Personal Information

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