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.
 

Russian oligarchs get rich from war

Business●01.11.2024

In 2024, the combined assets of Putin's associates increased by more than $26 billion.

Vagit Alekperov earned the most

Business●10.07.2023

Vagit Alekperov topped the ranking of the richest Russians in terms of dividends for 2022.

Vadim Belyaev diamonds taken away

Business●26.05.2020

The FAS and the Central Bank want to invalidate the $ 1.45 billion deal for Otkritie Holding holding from a Lukoil diamond mining company.

Vagit Alekperov did not earn 8.5 billion rubles

Business●12.11.2018

The head of LUKOIL estimated this sum as a loss of profit from fixing the cost of fuel on the Russian market in the last 4 months.

How Igor Sechin fell out with Vagit Alekperov

Business●11.10.2018

The Rosneft-owned company, Bashneft, accuses Lukoil of overestimating the tariffs for transshipment of oil through its Varandey terminal.

Dudley's defense: why the head of BP stood up for Rosneft and Gazprom

Business●11.10.2018

The head of BP, Bob Dudley, said that restrictions on Rosneft (at BP 19.75%), Gazprom and LUKOIL, similar to sanctions against UC Rusal Oleg Deripaska, will not be imposed. Otherwise, the power system of Europe is waiting for the collapse, he warned.

Leonid Fedun and Vagit Alekperov sell the last major financial asset

Business●05.10.2018

The structures of Leonid Fedun and Vagit Alekperov put up Kapital Asset Management Group for sale - shareholders are afraid of a repetition of the 2008 crisis against the background of reduced profits. Among potential buyers of the asset - Promsvyazbank.

Vagit Alekperov will give battle to Igor Sechin

Business●02.10.2018

Experts anticipate another battle of the titans with the participation of the main hero of corporate wrestling, Igor Sechin. While the asset is a convincing Victoria over Vladimir Yevtushenkov and a vague victory over points in the dispute with the shareholders of the Sakhalin-1 project.

Mass mortality of fish in the Yamal-Nenets Autonomous District was associated with the Lukoil field

Society●22.06.2018

Vagit Alekperov's company could have caused a massive fish freeze in the spawning river. Local residents and scientists associate it with the works at the Pyakyakhinskoye deposit of LUKOIL. YANAO officials are afraid to investigate the incident.

Alekperov and Fedun will get more than a billion dollars from Lukoil

Business●22.06.2018

In total, Lukoil will direct 44% of its 2017 IFRS profit to dividends, which amounted to 419 billion rubles. Vagit Alekperov and Leonid Fedun will have 1,077 billion dollars.

Vagit Alekperov: "We are all on the lists"

Business●28.05.2018

In an interview at the St. Petersburg Economic Forum, Vagit Alekperov, President of LUKOIL, spoke about future prices for gasoline and oil, Iran's influence on the market, about sanctions and how long it will take for a successor.

The richest heirs of Russia

Business●25.05.2018

Forbes presented the rating of the heirs of the richest businessmen of Russia for the third time. The first place was taken by Yusuf Alekperov, the second place was occupied by the children of Leonid Mikhelson, "bronze" - in the son and daughter of Andrei Melnichenko.

LUKOIL does not give up Taimyr

Business●07.05.2018

The company can resume drilling in 2019.

Forbes published a rating of 200 richest businessmen in Russia

Business●19.04.2018

Forbes magazine published the 15th updated rating of Russia's 200 richest businessmen, whose overall condition is estimated at $ 485 billion.

Vagit Alekperov prepared a will

Business●25.03.2018

The LUKOIL stake owned by the businessman will be transferred to a special charity fund in a single lot. Probably, this is an attempt to save their assets before the future attack from Rosneft.

Putin makes billionaires

Business●16.03.2018

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

Bloomberg estimates the growth of the state of billionaires from Russia for Putin's third term

Business●16.03.2018

Only Jeff Bezos achieved the best result in a year.

Vladimir Lisin returned to the first place in the Russian list of Forbes

Business●06.03.2018

The list of richest people in Russia, according to Forbes magazine, was replaced by the leader. He became the owner of a controlling stake in the Novolipetsk Metallurgical Combine (NLMK) Vladimir Lisin. His state of the publication was estimated at 19.1 billion dollars.

Who got in the "Kremlin report" of the US Treasury

Society●30.01.2018

In the "Kremlin report" of the US Treasury, there are more than 200 people: officials, heads of state companies and billionaires.

Russian oligarchs are fat with money

Business●03.11.2017

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

Business●13.10.2017

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

Business●11.10.2017

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

Business●22.09.2017

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

Business●20.09.2017

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

Business●31.08.2017

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

Business●30.08.2017

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

Business●28.08.2017

What Russian billionaires say about the fate of their capitals. 

Otkrytiye saves Rosgosstrakh for Rosgosstrakh to save Otkrytiye

Business●27.06.2017

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