Vagit Alekperov

Vagit Yusufovich Alekperov (born 1 September 1950) is an Azerbaijani and Russian businessman, the president of the leading Russian oil company LUKOIL.
He is currently rated by Forbes magazine as the eighth richest person in Russia with a net worth of $12.3 billion and the 114th richest person in the world.

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. Alekperov penned a book called "Oil of Russia: Past, Present and Future." He is the founder of the foundation of regional social programs "Our Future," which promotes social entrepreneurship. He received nearly $600 million in dividends in 2016.

Putin makes billionaires


Since 2012, the state of the oligarchs in Russia has grown by $ 29.5 billion.

Russian oligarchs are fat with money


Russian billionaires have grown rich by 22 billion dollars since the beginning of the year.

Pension funds of Russians have already been wasted by oligarchs


The Bank of Russia suddenly became concerned about the creation of a mechanism for the recovery of independent pension funds. Experts cynically suggest that there is no money there.

Alekperov decided not to transfer control overf LUKOIL to his son


Vagit Alekperov believes that his son Yusuf will not be able to manage LUKOIL, and is still looking for a successor. Earlier, Alekperov said that Yusuf could be brought to the management of LUKOIL, if an internship was held.

Optimization of assets: Lukoil's management approved the sale of the oil trader Litasco


Vagit Alekperov argues that the decision to sell Litasco is not connected with anti-Russian sanctions and the company considers the optimization of all foreign assets.

Vagit Alekperov purchased a Spanish yacht port for $1 billion


At the same time, the Russian government and the Central Bank will provide 1 trillion rubles to help the LUKOIL head's bank at the expense of Russian taxpayers. 

Lukoil is studying the possibility of selling the Swiss trader Litasco


The sale of Litasco may take place before the end of 2017; this will be the first step towards the sale of all foreign assets of the company. Lukoil is studying the possibilities of selling its Swiss oil trader Litasco due to sanctions that complicate the attraction of new funds.

Oktritie Bank is under resolution


The Central Bank of Russia will save the important private bank at the expense of the budget. 

Who will inherit the money of the Russian nouveaux riches


What Russian billionaires say about the fate of their capitals. 

Otkrytiye saves Rosgosstrakh for Rosgosstrakh to save Otkrytiye


Rapidly gaining momentum, the financial holding Otkrytiye absorbs the leader of the insurance market, Rosgosstrakh.

The richest people of Russia in the Forbes global ranking 2017


List of most wealthy Russians for the second consecutive year is headed by the co-owner of "Novatek" and "Sibur" Leonid Michelson.

Alekperov and Fedun withdraw their assets to the US


Lukoil reduced its oil production in Russia by 10%. Vagit Alekperov and Leonid Fedun withdraw their Russian assets to the US and plan to move overseas.

Rosneft eyes Mexico


The Company may compete for blocks in the Mexican offshore.

From Kerimov to Potanin: 10 billionaires who received the most cash in 2016


Sale of assets and dividends earned them about $12.4 billion of revenues in 2016. 

Stones separated from oil


LUKOIL handed the diamond mining over to friendly investors.

Alekperov's yacht to be the star of Monaco Yacht Show


Deals with the total amount of more than €2 billion are concluded at every yacht show in Monaco.   

Alekperov's "Galaxy": the main shareholder of Lukoil has sold his yacht


In anticipation of the new boat Galactica Super Nova, the principal owner of Lukoil Vagit Alekperov sold his old yacht Galactica at discount.

Last setup: how Nikolay Tsvetkov left the Forbes list


The banker's wealth does not exceed $200 million, and he is unlikely to return to the list of billionaires.

Turkish gambit of Lukoil


How the crisis in relations with Ankara hit Alekperov's business?

With the risk for oil: the co-owners of Lukoil invested in mining in Africa


As Forbes found out, Vagit Alekperov and Leonid Fedun own an American company, which is engaged in deep-water oil exploration in the Third World countries.

Investigative Committee was asked to check Trust


127 billion rubles necessary for the reorganization shocked market participants and aroused suspicions of deputies against the owners and management of the bank.

Expansion of Rosneft: the state-owned company may become a co-owner of Lukoil


According to Forbes reports, Leonid Fedun wants to sell his 9.77% of Lukoil. One of the potential buyers is state-owned Rosneft.

Lateral drilling why the founders of "Lukoil" company did not co-owners of EDC


Vagit Alekperov was close to the purchase of a stake in the company of another Forbes list member, Alexander Japaridze (Eurasia Drilling Company). Why did $1 billion deal fail?