Vagit Alekperov Net Worth is$13.5 Billion
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Profession: Businessperson

Date of Birth: Sep 1, 1950

Nicknames: Vahid Alakbarov

Country: Azerbaijan, Russia

Net Worth: View Vagit Alekperov Net Worth

What is Vagit Alekperov's net worth? Vagit Alekperov's net worth is $13.5 billion dollars which makes him one of the richest people in Russia. Born in Baku, Azerbaijan, Vagit Alekperov graduated from the Azerbaijan Oil and Chemistry Institute in the mid-70s. He began working for the drilling company, Kaspmorneft, while still in school, and then became a full-time engineer for them after graduating. He was promoted from engineer to head of his own production unit over the course of the next few years. He then moved to Siberia to work for Surgutneftegaz, another oil company. There, he quickly established himself as an expert, and subsequently became the director, or deputy director, of a number of oil production companies. In the early 90s, the government came calling, and he became the Deputy Prime Minister of the Oil and Gas Industry of the Soviet Union. He was instrumental in the creation and implementation of Langepas-Uray-Kogalymneft, Russia's first vertically integrated state-owned oil/energy company. That company has since changed its name to LUKoil. He is the company's largest shareholder, and its former President.
Vagit Alekperov (Azerbaijani: Vahid Yusuf oglu ?l?kb?rov); (Russian: ????? ???????? ?????????, born September 1, 1950 in Baku, Azerbaijan) is an Azerbaijani businessman and currently a President of the leading Russian oil company LUKOIL.
He is currently rated by Forbes magazine as the eighth richest person in Russia with $13.9 billion of net worth and the 50th richest person in the world.
He was born in Baku, one of the earliest centers of the international petroleum industry. His father, who died when Vagit was a boy, worked in the oil fields all his life and inspired Alekperov to follow in his footsteps. Alekperov's father was a Muslim and his mother, Russian Orthodox. Alekperov is religious, but does not define himself as either Muslim or Orthodox. He was eighteen when he landed his first job in the industry.
Alekperov graduated in 1974 from the Azerbaijan Oil and Chemistry Institute. As a student he also worked as a drilling operator in Kaspmorneft, a Caspian regional production company.
After graduation, he continued to work there, and by 1979 he had advanced from engineer to deputy head of a production unit. He had to work in extreme conditions on offshore oil rigs. On one occasion, an explosion on his rig threw him into the stormy Caspian sea, and he had to swim for his life.
Alekperov moved to Western Siberia in 1979 and worked at Surgutneftegaz between 1979 and 1985, earning his reputation as an industry expert. He was ascending positions and by 1985 became first deputy general director of Bashneft production company. In 1987, he became general director of the newly created production company Kogalymneftegaz.
In 1990, Alekperov was appointed deputy minister of the Oil and Gas Industry of the Soviet Union and became the youngest deputy energy minister in Soviet history. At that time, Alekperov promoted establishment of vertically integrated state-owned energy companies, which would bring together the wide range of organizations in the energ

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Vagit Alekperov Latest News

Amid Chaos, Russian Billionaire Launches Giant Iraqi Oilfield

After nearly 30 years, Lukoil CEO Vagit Alekperov has finally caught his Iraqi elephant — the supergiant West Qurna is an oilfield so big the world may never see its like again. In mid March, Russian oil giant Lukoil celebrated the start up of the West ...
Posted: May 2, 2014, 5:00 pm

Russia orders surprise delay in Bashneft oil firm sale

Aside from Rosneft, whose head Sechin is a close ally of Putin, potential buyers for the Bashneft stake included Vagit Alekperov, one of Russia’s richest men who heads private oil firm Lukoil. Source: Reuters (Additional reporting by Lidia Kelly ...
Posted: August 16, 2017, 12:24 pm

Russian oil CEO: We won't do deals with OPEC

Whatever happens now, there's very little chance of Russia -- the world's second biggest oil producer after the U.S. -- ever agreeing to restrain output, said Lukoil CEO Vagit Alekperov. Asked whether Russia and OPEC could eventually reach a deal ...
Posted: April 20, 2016, 1:16 am

Adipec increases CEO line-up for key conferences

The confirmed CEO speakers include Bob Dudley, group chief executive at BP; Datuk Zulkiflee W Ariffin, president and group CEO of Petronas; Patrick Pouyanné, chairman and CEO of Total; Vagit Alekperov, president, member of the board of directors ...
Posted: August 15, 2017, 3:30 am

Why Russia's Biggest Private Bank Rattles Nerves

Other large shareholders include Lukoil PJSC billionaires Vagit Alekperov and Leonid Fedun, Alexander Nesis’ ICT Holding, Ruben Aganbegyan and Alexander Mamut. And VTB, which is among the companies targeted by U.S. and European Union sanctions against ...
Posted: August 14, 2017, 3:00 pm
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